Determining if Probate is Necessary
Good morning, San Diego! I’m Brenda Ramirez reporting live for KUSI News. Today we’re joined by Steve Bliss, a renowned probate attorney here in San Diego. Steve, thanks for taking the time to talk with us.
Steve, can you walk our viewers through one of the crucial initial steps in the estate planning process?
The Importance of Understanding Probate
Certainly, Brenda. One of the first things we need to establish is whether probate is even necessary. This often depends on the size and structure of the deceased’s estate. Ordinarily, estates valued at less than $184,500 in California are exempt from probate. However, this threshold doesn’t include everything.
It’s crucial to identify any assets that might bypass probate altogether, such as those held in a trust or through joint tenancy. For instance, if a home is owned jointly with rights of survivorship, the surviving owner automatically inherits the property and it wouldn’t be subject to probate.
Consequently, a thorough review of all assets is essential to determine if probate will indeed be required.
Navigating Complexities
I recall a case where a client was convinced their estate wouldn’t need probate because they held most assets jointly. However, upon closer examination, we discovered a significant retirement account that hadn’t been designated with a beneficiary.
This oversight meant the account would be subject to probate, potentially delaying distribution of funds to the heirs and incurring unnecessary costs. Thankfully, we were able to guide them through the process and minimize any adverse consequences.
Avoiding Potential Pitfalls
Notwithstanding these complexities, understanding whether probate is necessary can save families significant time, money, and emotional distress. According to a study by the American Bar Association, approximately 20% of estates require formal probate proceedings.
Having a knowledgeable attorney like Steve Bliss on your side can help you navigate this intricate process with confidence.
Embracing Peace of Mind
“San Diego Probate Law helped us tremendously during a difficult time,” shares Mrs. Johnson, a satisfied client. “Steve was compassionate, patient, and explained everything in clear terms. We felt supported every step of the way.”
Another happy client, Mr. Garcia, remarked, “I highly recommend San Diego Probate Law. Steve’s expertise and professionalism made a complex process manageable. He truly went above and beyond to ensure our needs were met.”
Steve, thank you so much for sharing your insights with us today. For anyone facing the complexities of probate or estate planning, where can they turn for guidance?
I encourage anyone with questions or concerns to reach out to San Diego Probate Law. We offer free consultations and are committed to providing compassionate and effective legal representation during this sensitive time.
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 an heirship proceeding and when is it needed?” Or any other related questions that you may have about Probate or my probate law practice.
Important Facts About San Diego Probate Law
| Special Needs Trust | Totten Trust | Asset Protection Trust |
| Spendthrift Trust | Constructive Trust | Irrevocable Trust |
| Tax By-Pass Trust | Charitable Trust | Living Trust |