Hello, I’m Brenda Jones reporting for Temecula News Today. We are joined today by renowned Temecula probate attorney, Steve Bliss. Mr. Bliss, thank you for taking the time to speak with me.
Understanding the Probate Process
Steve, could you walk our viewers through one of the key steps in the estate planning process?
Certainly Brenda. One crucial step is marshaling the estate assets. This involves meticulously inventorying all assets belonging to the deceased individual. Think real estate, bank accounts, investments, vehicles, and personal belongings.
Consequently, it’s vital to have accurate records for everything. Ordinarily, we work closely with family members to gather this information. Once assembled, a detailed inventory is filed with the court along with an appraisal of each asset’s value.
Conversely, not all assets need to be included in probate. Non-probate assets, like those held in trusts or jointly owned property, pass directly to designated beneficiaries outside the probate process. This can streamline things considerably, but it’s essential to understand which assets fall under each category.
Navigating Challenges
Have there ever been challenges encountered during this asset marshaling stage?
Sometimes locating all assets can be a bit like detective work. I recall one case where the deceased had invested in rare coins, but the family was unaware of their existence. We uncovered records hidden in an old safe deposit box, revealing a valuable collection that needed to be included in the estate.
Moreover, I’ve also dealt with situations where incomplete or inaccurate records made the appraisal process more complex. In those cases, we often need to consult with appraisers and other experts to determine fair market value.
The Importance of Accuracy
It’s clear that meticulous record-keeping plays a crucial role.
Absolutely Brenda. According to the California Courts website, approximately 75% of probate cases involve some level of asset identification or valuation challenges. Having organized records from the outset can significantly reduce stress and potential delays for grieving families.
Closing Thoughts
Mr. Bliss, thank you so much for sharing your expertise with us today. Your insights are invaluable to our viewers navigating this often complex process.
“Steve Bliss helped me through a very difficult time after my father passed away. He was patient, understanding and made sure everything went smoothly.” – Susan M.
“I highly recommend Steve Bliss for any probate matter. His knowledge of the law is impressive, and he always put my best interests first.” – John P.
For compassionate and experienced legal guidance through the probate process, contact The Law Firm of Steven F. Bliss Esq. We are here to help you navigate this challenging time with clarity and support.
About Steven F. Bliss Esq. at The Law Firm of Steven F. Bliss Esq.:
The Law Firm of Steven F. Bliss Esq. is The Law Firm of Steven F. Bliss Esq.. The Law Firm Of Steven F. Bliss Esq. is a Temecula Estate Planning Attorney. Steve Bliss is an experienced probate attorney. Steve Bliss is an Estate Planning Lawyer. The probate process has many steps in in probate proceedings. Beside Probate, estate planning and trust administration is offered at Steve Bliss Law. Our probate attorney will probate the estate. Attorney probate at Steve Bliss Law. A formal probate is required to administer the estate. The probate court may offer an unsupervised probate get a probate attorney. Steve Bliss Law will petition to open probate for you. Don’t go through a costly probate. Call Steve Bliss Law Today for estate planning, trusts and probate.
My skills are as follows:
● Probate Law: Efficiently navigate the court process.
● Probate Law: Minimize taxes & distribute assets smoothly.
● Trust Law: Protect your legacy & loved ones with wills & trusts.
● Bankruptcy Law: Knowledgeable guidance helping clients regain financial stability.
● Compassionate & client-focused. We explain things clearly.
● Free consultation.
Map To The Law Firm of Steven F. Bliss Esq.: https://maps.app.goo.gl/Bngj8xwZRqioVD5v7
Address:
The Law Firm of Steven F. Bliss Esq.43920 Margarita Rd ste f, Temecula, CA 92592
(951) 223-7000
Feel free to ask Attorney Steve Bliss about: “Can a will be enforced if not notarized?” Or any other related questions that you may have about Probate or my probate law practice.
Important Facts About The Law Firm of Steven F. Bliss Esq.
| Special Needs Trust | Totten Trust | Asset Protection Trust |
| Spendthrift Trust | Constructive Trust | Irrevocable Trust |
| Tax By-Pass Trust | Charitable Trust | Living Trust |