February 11, 2012
Probate is a court process in Northern California that facilitates the legal transfer of assets from a deceased person to their named beneficiaries or heirs. It is often expensive, time-consuming and can delay the transfer of assets to loved ones for many months and in some cases, years.
However, the process is necessary to ensure the estate is administered according to the will, or in the absence of a will, according to the California probate code. The process also helps to ensure that the decedent’s debts and outstanding obligations are paid to creditors, the state and the IRS.
Fortunately, however, not all assets are subject to the expenses and delays of the probate court following the death of a loved one. Here is a brief overview of some assets that may avoid oversight from the probate courts:
Keep in mind that while these assets generally are not subject to probate, there may be instances when they will need to go before the court. This typically happens when a beneficiary is not properly named or is no longer alive at the time of the deceased’s passing.
The best thing to do if you have questions about which assets may or may not go through the probate court following the death of a loved one is to contact an experienced Sacramento or El Dorado County probate attorney. Here at the Chubb Law Firm, we are dedicated to providing individuals and families in Northern California with the information and compassionate guidance they need during a time of loss. To schedule a complimentary appointment at our Fair Oaks estates and probate law firm, please call 916.241.9661.