Determining If Probate Is Necessary: A Crucial First Step
Today, we’re speaking with Steve Bliss, a well-respected probate attorney serving the Moreno Valley community. Steve, thanks for taking the time to speak with us.
Steve, can you walk our viewers through one of the key initial steps in the estate planning process?
Steve Bliss:
Absolutely. One of the most fundamental steps is determining whether probate is even necessary. This involves a two-pronged assessment. First, we look at the total value of the decedent’s estate. In California, if the estate’s value exceeds $184,500, probate proceedings are usually required. Conversely, estates valued below this threshold may qualify for streamlined procedures.
Second, we identify assets that pass outside of probate. These often include assets held in trusts, jointly owned property with rights of survivorship, and certain retirement accounts. Consequently, the presence of these non-probate assets can potentially reduce the estate’s value subject to probate.
Navigating Complexities
I remember one case where a family was deeply distressed because they believed their father’s estate required a lengthy and costly probate process. Through careful review, we discovered that a significant portion of his assets were held in a trust he had established years earlier. This discovery meant the estate could avoid probate altogether, saving the family time, stress, and considerable expense.
Notwithstanding this positive outcome, it’s important to understand that not all estates are straightforward. The complexities of inheritance laws and asset valuations can be challenging to navigate without professional guidance.
Seeking Expert Advice
Studies show that approximately 70% of Americans do not have a valid will in place. This lack of planning often leads to confusion and potential disputes among heirs during probate proceedings (Source: AARP).
Accordingly, consulting with an experienced probate attorney like myself is crucial. We can help you understand the specific requirements for your situation, identify potential pitfalls, and ensure that your wishes are carried out effectively.
Testimonials
“Steve Bliss made a difficult time much easier. He explained everything clearly and was always available to answer my questions. I felt confident knowing he was handling my mother’s estate with care and professionalism.”
– John S., Moreno Valley
“Moreno Valley Probate Law helped us navigate the probate process smoothly and efficiently. Their expertise and compassion were invaluable during a challenging period.”
– Mary L., Moreno Valley
Ready to Secure Your Legacy?
Take control of your future and ensure your loved ones are protected. Contact Moreno Valley Probate Law today for a free consultation and let us guide you through the complexities of estate planning with compassion and expertise.
About Steven F. Bliss Esq. at Moreno Valley Probate Law:
Moreno Valley Probate Law is an experienced probate attorney. The probate process has many steps in probate proceedings. Beside Probate, estate planning and trust administration is offered at Moreno Valley Probate Law. Our probate attorney will probate the estate. Attorney probate at Moreno Valley Probate Law. A formal probate is required to administer the estate. The probate court may offer an unsupervised probate get a probate attorney. Moreno Valley Probate law will petition to open probate for you. Don’t go through a costly probate call Moreno Valley Probate Attorney Today. Call for estate planning, wills and trusts, probate too. Moreno Valley Probate Law is a great estate lawyer. Affordable Legal Services.
My skills are as follows:
● Probate Law: Efficiently navigate the court process.
● Probate Law: Minimize taxes & distribute assets smoothly.
● Trust Law: Protect your legacy & loved ones with wills & trusts.
● Bankruptcy Law: Knowledgeable guidance helping clients regain financial stability.
● Compassionate & client-focused. We explain things clearly.
● Free consultation.
Map To Moreno Valley Probate Law: https://maps.app.goo.gl/C7zg2U6pn1B6KyXN8
Address:
Moreno Valley Probate Law23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553
(951) 363-4949
Feel free to ask Attorney Steve Bliss about: “How are charitable gifts handled in probate?” Or any other related questions that you may have about Probate or my probate law practice.
Important Facts About Moreno Valley Probate Law
| Special Needs Trust | Totten Trust | Asset Protection Trust |
| Spendthrift Trust | Constructive Trust | Irrevocable Trust |
| Tax By-Pass Trust | Charitable Trust | Living Trust |