Does every estate go through probate?

No. Assets held in a properly funded living trust generally avoid probate, as do many jointly owned assets and accounts with beneficiary designations. California also provides simplified procedures for certain smaller estates that fall below statutory thresholds.

However, probate may still be required if assets were never transferred into the trust or if title and beneficiary designations were not coordinated properly.

 

Philip J. Kavesh
Helping clients with customized estate planning guidance and trust & estate administration for over 45 years.