Determining if Probate is Necessary
Today we’re joined by Steve Bliss, a prominent probate attorney serving the Escondido community. Mr. Bliss, thanks for taking the time to speak with us.
Certainly, it’s my pleasure. I aim to help people understand this often-complex process.
The First Crucial Step: Probate Assessment
Let’s start with the basics. For those unfamiliar, what exactly is probate?
Probate is a court-supervised process for settling a deceased person’s estate. It involves identifying and inventorying assets, paying debts and taxes, and ultimately distributing remaining property to heirs.
Many people wonder if they even need to go through probate. How does one determine that?
That’s a great question and the first crucial step in estate planning. Ordinarily, probate is necessary when the deceased individual’s assets exceed $184,500. However, there are exceptions. Assets held in trusts, jointly owned property with rights of survivorship, or designated beneficiaries like life insurance policies and retirement accounts typically bypass probate.
Consequently, a thorough review of an individual’s assets is essential to determine if probate will be required.
Challenges Faced During Probate Assessment
I imagine there can be some challenges in this initial assessment phase. Can you share any experiences?
It’s not uncommon for families to underestimate the value of an estate or overlook assets altogether. I once worked with a family who was surprised to discover a significant savings account their loved one had kept hidden from even them! It’s a reminder that open communication about finances is vital.
Moreover, sometimes individuals believe they have properly structured their assets to avoid probate, only to find out there are technicalities or outdated designations. It underscores the importance of seeking professional legal advice for estate planning.
Probate Expertise Makes a Difference
- “Steve Bliss and his team at Escondido Probate Law were incredibly supportive during a difficult time. They made a complex process understandable and ensured everything was handled smoothly.”
- “I highly recommend Escondido Probate Law. Their knowledge and professionalism are exceptional, and they truly care about their clients.”
For anyone considering estate planning or navigating the probate process, what would you say is your most important piece of advice?
Don’t wait until it’s too late. Planning ahead can save your loved ones considerable time, stress, and expense down the road. My firm, Escondido Probate Law, is dedicated to helping families understand their options and create a plan that aligns with their wishes.
Take control of your future and secure peace of mind for yourself and those you care about. Contact us today for a free consultation.
About Steven F. Bliss Esq. at Escondido Probate Law:
Escondido 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 Escondido Probate Law. Our probate attorney will probate the estate. Attorney probate at Escondido Probate Law. A formal probate is required to administer the estate. The probate court may offer an unsupervised probate get a probate attorney. Escondido Probate law will petition to open probate for you. Don’t go through a costly probate call Escondido Probate Attorney Today. Call for estate planning, wills and trusts, probate too. Escondido 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 Escondido Probate Law: https://maps.app.goo.gl/77Dm2B8W9XkM5YvJA
Address:
Escondido Probate Law720 N Broadway #107, Escondido, CA 92025
(760) 884-4044
Feel free to ask Attorney Steve Bliss about: “What if the estate is very small — is probate still necessary?” Or any other related questions that you may have about Probate or my probate law practice.
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