Today I’m speaking with Steve Bliss of Wildomar Probate Law. Steve is a well-respected probate attorney in the Wildomar area who helps families navigate the often complex and emotionally charged process of settling estates.
Steve, thanks for taking the time to speak with me today. Can you tell our readers about one of the key steps in estate planning?
Of course! One crucial step is determining if probate is even necessary. This involves evaluating the total value of the estate and identifying any assets that pass outside of probate. Assets held in trust, jointly owned property, or accounts with designated beneficiaries typically avoid probate.
Ordinarily, if an estate’s gross value exceeds $184,500 in California, probate proceedings are likely required. However, it’s not simply about the total value; it’s also essential to consider the types of assets involved. For instance, a home owned jointly with rights of survivorship passes directly to the surviving owner and avoids probate.
Conversely, if the deceased person solely owned the home, it would likely be subject to probate unless it was part of a trust.
You mentioned trusts. Can you elaborate on how they might help someone avoid probate?
Trusts are powerful estate planning tools. Essentially, assets are transferred into a trust during the grantor’s lifetime. The trustee, designated by the grantor, manages the assets according to the terms outlined in the trust document.
Upon the grantor’s passing, the assets held within the trust bypass probate and are distributed directly to the beneficiaries named in the trust agreement. This can save time, reduce legal fees, and maintain privacy for the family.
I remember one case where a client came to me after their spouse passed away, leaving behind a sizable estate. Fortunately, they had established a revocable living trust years earlier. Because of the trust, we were able to distribute assets to their children without going through the lengthy and costly probate process. The family was incredibly grateful for the peace of mind it provided during a difficult time.
According to a study by the American Bar Association, approximately 70% of Americans do not have a will or trust in place. This means that their assets are subject to the laws of intestate succession, which can lead to unintended consequences and family disputes.
Is there anything else our readers should know about probate?
Probate can be a complicated process with specific legal requirements. I always advise individuals to consult with an experienced probate attorney like myself to ensure their estate plan aligns with their wishes and minimizes potential complications for their loved ones.
We understand that navigating this process can be overwhelming, especially during a time of grief. Our team at Wildomar Probate Law is dedicated to providing compassionate and knowledgeable guidance every step of the way.
“Steve Bliss and his team made a difficult situation so much easier. They were incredibly patient and understanding, explaining everything clearly and answering all my questions.” – Sarah M
“I highly recommend Wildomar Probate Law. Their expertise and professionalism were invaluable during a challenging time for my family.” – John D
Let our experience be your guide. Contact us today to schedule a free consultation and discuss how we can help you protect your legacy.
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 required to close a probate case?” Or any other related questions that you may have about Probate or my probate law practice.
Important Facts About Wildomar Probate Law
| California Constructive Trust Lawyer |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Constructive Trust Lawyer California |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Constructive Trust Lawyer |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Wildomar Constructive Trust Lawyer |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Constructive Trust Wildomar |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Credible Constructive Trust Lawyer in Wildomar |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |