Best Foreclosure Lawyers in Inglewood, CA

Probate is a legal process that occurs after someone has passed away. The purpose of probate is to settle the deceased person's financial obligations and distribute his or her assets to their rightful heirs. Unfortunately, there are a lot of common misconceptions surrounding probate in California that can cause confusion and uncertainty for those involved. In this post, we'll clear up some of the most common misconceptions about California probate and how an attorney can help. 1. All assets must go through probate when I die. This is a common misconception that's simply not true. In California, certain assets may be exempt from probate, such as those held in a living trust, assets that are jointly owned with a right of survivorship, and assets that have named beneficiaries, such as life insurance policies and retirement accounts. It's important to note that even if a particular asset is exempt from probate, it may still be subject to estate taxes or other obligations. 2. If I have a will, my estate doesn't go through probate. Having a will does not mean that your estate will avoid probate. While a will can certainly help guide the distribution of your assets, it does not exempt them from the probate process. In fact, having a will may actually make the probate process more complicated, especially if there are disputes about its validity or interpretation.