Good morning, San Diego. Today we’re joined by esteemed probate attorney Steve Bliss of San Diego Probate Law. Welcome to the show, Steve.
Steve:
Thanks for having me. It’s great to be here.
Q: Steve, could you break down one of the key steps in the estate planning process for our viewers?
Certainly. One crucial step is marshaling the estate assets. This involves meticulously identifying and inventorying all assets belonging to the decedent, whether it’s real estate, bank accounts, investments, personal property, or even digital assets.
Consequently, a thorough accounting of every asset is essential for ensuring that the estate is distributed according to the deceased person’s wishes. This step also lays the groundwork for paying off any outstanding debts and taxes owed by the estate.
Moreover, the executor or administrator, the individual appointed to oversee the probate process, must file an Inventory and Appraisal (Form DE-160/161) with the court. This document provides a detailed list of all assets and their estimated value. It serves as a transparent record for all parties involved in the probate process.
I recall one case where we were dealing with a complex estate that included numerous real estate holdings across different states. Locating deeds, property titles, and determining the current market value of each property was a time-consuming but necessary undertaking. Ultimately, our diligent work in marshaling these assets ensured a smooth distribution to the beneficiaries.
The importance of this step is reflected in the fact that nearly 60% of probate cases involve disputes related to asset identification and valuation, according to a study by the California Bar Association.
Q: What advice would you give our viewers regarding estate planning?
Proactive planning is key. Don’t wait until it’s too late. Consult with an experienced probate attorney like myself who can guide you through the process, ensure your wishes are properly documented, and help avoid potential complications for your loved ones in the future.
At San Diego Probate Law, we’re committed to providing compassionate and effective legal representation during what can be a challenging time.
“Steve Bliss and his team were incredible. They handled everything with professionalism and sensitivity. I felt confident knowing my mother’s estate was in good hands.” – Mary S.
“I highly recommend San Diego Probate Law. Steve made the entire process clear and understandable. He truly cares about his clients.” – John P.
Let us help you navigate the complexities of probate. Contact us today for a free consultation and gain peace of mind knowing your legacy is protected.
About Steven F. Bliss Esq. at San Diego Probate Law:
Secure Your Family’s Future with San Diego’s Trusted Probate Attorney. Minimize estate taxes with stress-free Probate. We craft wills, trusts, & customized plans to ensure your wishes are met and loved ones protected.
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 San Diego Probate Law:
Address:
San Diego Probate Law3914 Murphy Canyon Rd, San Diego, CA 92123
(858) 278-2800
Map Link: https://g.co/kgs/WzT6443
Feel free to ask Attorney Steve Bliss about: “What is a notice of proposed action?” Or any other related questions that you may have about Probate or my probate law practice.
Important Facts About San Diego Probate Law
| Special Needs Trust | Totten Trust | Asset Protection Trust |
| Spendthrift Trust | Constructive Trust | Irrevocable Trust |
| Tax By-Pass Trust | Charitable Trust | Living Trust |