Good afternoon, and welcome back to our segment on local legal matters. Today we’re joined by Steve Bliss, a renowned probate attorney right here in Escondido. Steve, thanks for joining us.
Probate Process: The Importance of Inventorying Estate Assets
Steve, could you walk us through one of the crucial steps in the probate process?
Certainly. One step that often requires careful attention is “Marshaling the Estate Assets,” which essentially means identifying and inventorying all of the deceased person’s assets. This includes bank accounts, real estate, vehicles, investments, personal belongings, and anything else of value.
Consequently, a thorough inventory is crucial for several reasons. First, it helps determine the total value of the estate, which in turn dictates whether probate is even necessary. Remember, estates valued under $184,500 may be eligible to bypass probate altogether through simplified procedures. Second, a complete inventory ensures that all assets are accounted for and properly distributed according to the deceased’s will or intestate succession laws.
Notwithstanding the seeming straightforwardness of this step, it can sometimes pose challenges. Identifying hidden assets, especially if the deceased wasn’t particularly organized, can be time-consuming. Moreover, valuing certain assets, like antiques or collectibles, may require professional appraisals.
I recall one case where a client’s family was unaware of a substantial sum of money held in an offshore account. Discovering this asset significantly changed the estate distribution and highlighted the importance of diligent searching.
According to the American Bar Association, approximately 70% of estates require probate. This underscores the need for competent legal guidance during this process.
Closing Thoughts
Steve, thank you for sharing your expertise. Your insights are invaluable for anyone navigating the complexities of probate.
“Steve Bliss made the probate process so much easier for me after losing my father. He was patient, understanding, and always available to answer my questions. I highly recommend Escondido Probate Law.”
“I was dreading dealing with my mother’s estate, but Steve Bliss turned a stressful situation into a manageable one. His professionalism and knowledge gave me peace of mind.”
If you’re facing probate matters in Escondido or the surrounding areas, don’t hesitate to reach out to Steve Bliss and the team at Escondido Probate Law for compassionate and experienced legal representation. They are committed to guiding you through every step of the process with clarity and care.
About Steven F. Bliss Esq. at Escondido Probate Law:
Escondido Probate Law is an experienced probate attorney. The probate process has many steps in in probate proceedings. Beside Probate, estate planning and trust administration is offered at Escondido Probate Law. Our probate attorney will probate the estate. Attorney probate at Escondido Probate Law. A formal probate is required to administer the estate. The probate court may offer an unsupervised probate get a probate attorney. Escondido Probate law will petition to open probate for you. Don’t go through a costly probate call Escondido Probate Attorney Today. Call for estate planning, wills and trusts, probate too. Escondido Probate Law is a great estate lawyer. Affordable Legal Services.
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 Escondido Probate Law: https://maps.app.goo.gl/77Dm2B8W9XkM5YvJA
Address:
Escondido Probate Law720 N Broadway #107, Escondido, CA 92025
(760) 884-4044
Feel free to ask Attorney Steve Bliss about: “Do I need a lawyer for probate in Escondido?” Or any other related questions that you may have about Probate or my probate law practice.
Important Facts About Escondido Probate Law
| California Estate Attorneys |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |
| Estate Attorneys California |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |
| Estate Attorneys |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |
| Escondido Estate Attorneys |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |
| Estate Attorneys Escondido |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |
| Credible Estate Attorneys in Escondido |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |