Best Probate Lawyers in Moreno Valley

Frequently Asked Questions

• What is the non-emergency contact number for the local police station in Moreno Valley, California?

  The non-emergency contact number for the Moreno Valley Police Department is (951) 247-8700.

• Where can I get a copy of police reports for incidents related to my case in Moreno Valley, California?

  To obtain a copy of police records or crime reports, you may visit the main office of the Moreno Valley Police Department located at 22850 Calle San Juan De Los Lagos, Moreno Valley, CA 92552. Another way is to submit a completed application form to the Office of the City Clerk at 200 Civic Center Plaza, Moreno Valley, CA 92553.

• Is there a way to avoid probate in Moreno Valley?

  Yes, there is. By placing all of your valuable securities and assets into a trust, you can avoid probate in Moreno Valley. You can then designate beneficiaries who will receive your assets upon your passing. Other ways to avoid probate include mentioning specific assets on a payable-on-death form and having a joint owner who will inherit the property after your death.

• How can a person lower estate taxes for their loved ones in Moreno Valley?

  Planning an estate in Moreno Valley already lessens the tax bite. Additionally, a person can also lower the possible taxes through specialized trusts, giving unlimited gifts to a spouse, and giving annual gifts not exceeding $14,000 to anyone. Other forms of gifts, although not considered as income for the recipient, will still be subject to transfer taxes.

• What happens if the executor in Moreno Valley fails to probate the will?

  The executor will ultimately renounce their position if they do not probate a will in Moreno Valley within 30 days. All of the decedent's property will continue to be held in their name for an indefinite period of time, cannot be sold, and will not be distributed to the decedent's legal heirs or beneficiaries. This can also result in the accumulation of costs, which will be the executor's responsibility.

• In Moreno Valley, how much is paid to a personal representative?

  The compensation paid to the personal representative and the attorney in Moreno Valley and the rest of California is calculated based on the gross estate value. Specifically, it is 4% on the first $100,000, 3% on the next $100,000, 2% on the next $800,000, 1% on the next $9,000,000, and 0.5% on the next $15,000,000. Any amount beyond that should be given a reasonable compensation as assessed in court.

• Does Moreno Valley exempt insurance policies from probate?

  Yes, insurance policies are exempted from probate in Moreno Valley. Beneficiary designations on insurance policies determine how a policy's proceeds are distributed without the need for probate administration. However, you must name both a primary beneficiary and a contingent beneficiary as a safeguard in case the former also passes away.