Ways to Avoid Probate in California
By means of a trust or through other methods of arranging your assets, probate can be avoided. Deciding whether or not probate avoidance is right for you will require a careful review of your assets and your relationship with your beneficiaries.
Some people choose to avoid probate by making their children co-owners of their assets; however, if your child dies before you, or if they get a divorce, or have creditor problems of their own, your assets could be at risk.
Common ways to avoid probate, include:
- Revocable living trust
- Payable-on-death accounts and registrations (e.g. bank accounts & retirement accounts)
- Life insurance with beneficiary designations
- Joint ownership of property
- Community property with right of survivorship
- Simplified probate procedures (for small estates)
In California, there is a probate threshold defining small estates, which can bypass the probate process. California Probate Code states that estates totaling less than $166,250 in assets are not required to go through probate. Estates that exceed this amount are required to go through the probate process.
Contact Yonano Law Offices, P.C. Today!
When you meet with Attorney Yonano during a consultation, he can answer all of your questions about California's probate proceedings. If you have been appointed an executor or an administrator of an estate that is subject to probate proceedings, we can inform you of your rights and responsibilities under the law.
Why work with Attorney Nick Yonano?
- Graduated from Georgetown Law Center
- Extensive knowledge of California's probate laws
- In-depth knowledge of California's real estate laws and practice
- Licensed California real estate broker
- Practices in the state and federal courts
- Member of the United States Supreme Court Bar
To learn more about probate administration and to find out if your estate qualifies for the simplified process, contact our El Dorado Hills probate administration lawyer today!