Probate isn’t something you want to go through if you can avoid it. It’s the court-supervised process of managing and distributing a deceased person's assets. Probate court can lead to lengthy legal procedures and be a burden on your loved ones during an already difficult time. 

At Sole Law, APC in San Diego, we want to help you understand how to protect your assets and help ensure they go directly to the people you care about without the hassle of probate.

When Is Probate Necessary?

Probate becomes necessary when someone passes away with assets that aren’t covered by a living trust, joint ownership, or designated beneficiaries, particularly if there’s no will in place. It’s also required if the estate’s value exceeds certain limits or if there are disputes among the heirs. Probate ensures that the decedent’s wishes are honored and that everything is distributed according to California law.

Create a Living Trust in California

A living trust is a powerful tool that allows you to place your assets into a trust, managed by a trustee of your choosing. When you pass away, your assets are distributed according to your instructions, bypassing the probate process entirely. This not only speeds up the transfer of your assets but also keeps your affairs private and out of the court system.

Joint Ownership of Property 

Adding a spouse, child, or another trusted individual as a joint owner of your property or bank accounts can be a simple yet effective way to avoid probate. When one joint owner passes away, the property or account automatically transfers to the surviving owner without the need for court intervention.

Name Beneficiaries for Your Retirement Accounts

Designating beneficiaries for your retirement accounts ensures that these funds will go directly to the individuals you’ve chosen upon your passing. This straightforward step can help your loved ones avoid probate and gain quicker access to these assets.

Why Keeping Your Estate Plan Up to Date Matters

Life is full of changes - getting married, having children, acquiring new property, or even moving can impact your estate plan. By regularly reviewing and updating your plan, you ensure that your assets are distributed according to your current wishes and minimize the chances of probate. This proactive approach is key to protecting your loved ones and simplifying the process when the time comes.

Plan for Tomorrow Today With Sole Law, APC

At Sole Law, APC, we understand the importance of protecting your assets and making the process as easy as possible for your loved ones. By creating a living trust, considering joint ownership, and keeping your estate plan up to date, you can avoid weeks, months, or years of probate.

If you’re ready to take these steps or have questions about your estate plan, contact Sole Law, APC in San Diego today. Our team is here to help you secure your legacy and provide peace of mind for you and your family.