Reporter: Brenda Newsome
Today we’re speaking with Steve Bliss, a respected probate attorney serving the Wildomar community. Mr. Bliss, thank you for taking the time to speak with us.
Steve Bliss: It’s my pleasure, Brenda. I’m always happy to educate people about the complexities of probate.
One step that consistently surprises people is the importance of carefully identifying non-probate assets. While many assume all their possessions will go through probate, certain types of assets are exempt from this process.
These include assets held in trusts, property owned jointly with rights of survivorship, and accounts designated with a payable-on-death beneficiary. Consequently, it’s vital for individuals to create a comprehensive inventory of their assets and clearly determine which ones fall under these non-probate categories.
Failing to identify these assets can lead to unnecessary delays and complications during probate. Moreover, it can result in unintended distribution of your belongings.
Brenda Newsome: Could you elaborate on a situation where this oversight caused problems for a client?
I recall a case where a gentleman passed away without a will, leaving behind a substantial amount of money in a brokerage account. He had mistakenly believed the account would automatically transfer to his wife upon his death.
However, the account lacked a designated beneficiary. As a result, it became subject to probate, which added months to the process and significantly increased legal fees. It was a stressful experience for his family, who were already grieving his loss.
This situation highlights why meticulously reviewing all assets and ensuring proper beneficiary designations are crucial aspects of estate planning.
Brenda Newsome: What advice would you offer to readers who want to avoid similar pitfalls?
I strongly encourage everyone to consult with an experienced probate attorney, like those at Wildomar Probate Law. We can guide you through the entire process, ensuring all your assets are properly categorized and that your wishes are clearly outlined.
- Create a detailed inventory of all your assets, including bank accounts, real estate, investments, and personal belongings.
- Review beneficiary designations on all accounts and update them as needed.
- Consider establishing trusts to hold certain assets and avoid probate altogether.
Remember, taking these proactive steps now can save your loved ones from unnecessary hardship and expense in the future. According to a recent study by the American Bar Association, approximately 70% of Americans do not have a valid estate plan.
Brenda: Thank you for sharing your expertise, Steve. For readers seeking guidance on navigating probate matters with compassion and professionalism, where can they turn?
Individuals and families looking for comprehensive estate planning and probate services in Wildomar can contact Wildomar Probate Law. We’re dedicated to providing personalized solutions that meet our clients’ unique needs.
Testimonials
“Steve Bliss and his team were invaluable during a difficult time. They navigated the complexities of probate with expertise and sensitivity, making the process much less stressful for my family.”
“I highly recommend Wildomar Probate Law. Their knowledge of California probate law is exceptional, and they consistently provided clear and concise guidance throughout the entire process.”
Let us empower you to protect your legacy and ensure a smoother transition for your loved ones. Schedule a consultation with Wildomar Probate Law today – because tomorrow’s peace of mind starts with planning for it today.
About Steven F. Bliss Esq. at Wildomar Probate Law:
Wildomar Probate Law is an experienced probate attorney. The probate process has many steps in in probate proceedings. Beside Probate, estate planning and trust administration is offered at Wildomar Probate Law. Our probate attorney will probate the estate. Attorney probate at Wildomar Probate Law. A formal probate is required to administer the estate. The probate court may offer an unsupervised probate get a probate attorney. Wildomar Probate law will petition to open probate for you. Don’t go through a costly probate call Wildomar Probate Attorney Today. Call for estate planning, wills and trusts, probate too. Wildomar 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 Wildomar Probate Law: https://maps.app.goo.gl/uBJKvB4rxUb7L9HZ7
Address:
Wildomar Probate Law36330 Hidden Springs Rd Suite E, Wildomar, CA 92595
(951) 412-2800
Feel free to ask Attorney Steve Bliss about: “What is the role of the probate court?” Or any other related questions that you may have about Probate or my probate law practice.
Important Facts About Wildomar Probate Law
| California Irrevocable Trust Lawyer |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Irrevocable Trust Lawyer California |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Irrevocable Trust Lawyer |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Wildomar Irrevocable Trust Lawyer |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Irrevocable Trust Lawyer Wildomar |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Credible Irrevocable Trust Lawyer in Wildomar |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |