Determining If Probate Is Necessary
Today we’re joined by Steve Bliss, a leading probate attorney here in San Diego. Steve, thanks for taking the time to speak with us.
Steve, can you walk us through one of the initial steps involved in the estate planning process?
Steve Bliss:
Certainly. One of the first crucial steps is determining whether probate is even necessary. This hinges on two primary factors: the value of the estate and the presence of non-probate assets.
Ordinarily, if the estate’s value exceeds $184,500, probate will likely be required in California. Conversely, if the estate falls below this threshold, it may qualify for a streamlined process called “Summary Administration.” Nevertheless, even estates exceeding the threshold can sometimes avoid full probate through careful planning.
Moreover, assets held in certain legal structures, such as trusts or joint tenancy, generally bypass probate altogether. Consequently, identifying these non-probate assets is essential to determining the overall scope of the probate process.
I recall one case where a client believed their estate required full probate due to its size. However, upon closer examination, we discovered a significant portion of their assets was held in a revocable living trust, which exempted them from a lengthy and potentially costly probate proceeding. That brought immense relief to the family during an already difficult time.
According to a 2023 report by the California Courts, approximately 75% of estates undergo some form of probate. This highlights the prevalence of this legal process in estate administration.
Conclusion
Steve, thank you for sharing your expertise with us today. For anyone needing guidance on navigating probate or estate planning matters, reach out to San Diego Probate Law for compassionate and experienced counsel.
Testimonials
“Steve Bliss made a complicated process much easier to understand. He was patient, thorough, and always available to answer my questions.” – Maria S.
“I highly recommend San Diego Probate Law. They handled my father’s estate with professionalism and care. I felt confident that my family’s interests were protected throughout the entire process.” – John D.
About Steven F. Bliss Esq. at San Diego Probate Law:
Secure Your Family’s Future with San Diego’s Trusted Probate Attorney. Minimize estate taxes with stress-free Probate. We craft wills, trusts, & customized plans to ensure your wishes are met and loved ones protected.
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 San Diego Probate Law:
Address:
San Diego Probate Law3914 Murphy Canyon Rd, San Diego, CA 92123
(858) 278-2800
Map Link: https://g.co/kgs/WzT6443
Feel free to ask Attorney Steve Bliss about: “What is the process for valuing the estate’s assets?” Or any other related questions that you may have about Probate or my probate law practice.
Important Facts About San Diego Probate Law
| California Trust Attorney |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Trust Attorney California |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Trust Attorney |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| San Diego Trust Attorney |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Trust Attorney San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Credible Trust Attorney in San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |