Don’t forget the threshold for small probates is now up to $150,000 rather than $100,000 in California. This means you can pass up to $150,000 without probate in California. However, remember that assets are based on GROSS VALUE not net value. Also, remember that just because one avoids formal probate does not mean one avoids all headaches so talk to an experienced California estate planning and probate attorney regarding all your planning and probate options!
Happy New Year!