Determining If Probate Is Necessary
Good afternoon, Mr. Bliss. Thank you for taking the time to speak with us today about probate in Escondido.
Could you explain one of the key initial steps in the probate process?
Steve Bliss:
Certainly. One of the first crucial steps is determining whether probate is even necessary. California law sets a threshold for probate based on the value of the deceased person’s estate. If the gross value of the estate, excluding certain non-probate assets, exceeds $184,500, probate will likely be required.
Conversely, if the estate’s value falls below this threshold, a simplified process called “summary administration” may be available. This streamlined approach can save time and expense for beneficiaries.
It’s important to remember that not all assets are subject to probate. Assets held in trusts, jointly owned property with rights of survivorship, or accounts designated with payable-on-death beneficiaries generally pass outside of probate. Consequently, careful consideration must be given to the composition of the decedent’s assets.
I recall a case where a client was initially convinced their modest estate would require full probate. However, upon reviewing their assets, we discovered a significant portion was held in a joint account with right of survivorship. This meant those funds would bypass probate entirely, ultimately saving the family considerable time and legal fees.
According to the California Courts website, approximately 60% of estates in California qualify for simplified probate procedures.
Call to Action
Navigating the complexities of probate can be daunting. Don’t face it alone. Contact Escondido Probate Law today for a free consultation and let our experienced team guide you through the process with clarity and compassion.
Testimonials
“Steve Bliss was incredibly understanding during a difficult time. He clearly explained every step of the probate process and made sure we were always informed.” – Maria S.
“I highly recommend Escondido Probate Law. They are professional, efficient, and truly care about their clients.” – John D.
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: “How do I handle jointly held bank accounts in probate?” Or any other related questions that you may have about Probate or my probate law practice.
Important Facts About Escondido Probate Law
| California Constructive Trust Lawyer |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |
| Constructive Trust Lawyer California |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |
| Constructive Trust Lawyer |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |
| Escondido Constructive Trust Lawyer |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |
| Constructive Trust Escondido |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |
| Credible Constructive Trust Lawyer in Escondido |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |