About Probate and Estate Planning
Good morning, San Diego! I’m here today with Steve Bliss, a renowned probate attorney serving the San Diego community. Steve, thank you for joining us.
It’s my pleasure to be here.
Probate: A Necessary Process
Steve, can you tell our viewers about probate and why it’s such an important part of estate planning?
Certainly. Probate is the legal process of administering a deceased person’s estate. It involves identifying and inventorying assets, paying debts and taxes, and ultimately distributing the remaining property to heirs according to the will or state intestacy laws. Consequently, it ensures that a person’s wishes are carried out and their assets are handled properly.
Focusing on Marshaling Estate Assets
Today we want to delve into one of the key steps in probate: marshaling estate assets. Can you explain what this entails?
Marshaling estate assets is essentially a thorough inventory and valuation of everything the deceased person owned. This includes bank accounts, real estate, vehicles, investments, personal property – anything of value. Ordinarily, we work closely with executors or administrators to compile a comprehensive list, which is then filed with the court as an Inventory and Appraisal.
It’s crucial because it establishes the full scope of the estate and helps determine if probate is even necessary in the first place. According to the California Courts, about 70% of estates go through probate.
Moreover, accurately marshaling assets allows us to identify any potential debts or liabilities that need to be addressed.
I remember one case where a client thought their mother had left behind very little. We discovered hidden savings accounts and valuable collectibles she’d forgotten about! It made a significant difference for the heirs.
Challenges and Rewards
Are there any common challenges you face during this step?
Sometimes locating all assets can be tricky, especially if the deceased person didn’t keep detailed records. We may need to track down forgotten accounts, contact previous employers, or even consult with family members to piece together a complete picture.
A Legacy of Trust
“Steve Bliss and his team made an incredibly difficult process bearable. They were compassionate, professional, and always kept us informed every step of the way.”
– Lisa M., San Diego
“I highly recommend San Diego Probate Law. Steve’s expertise and guidance helped me navigate probate smoothly and efficiently.”
– John S., La Jolla
It’s a complex process, but ultimately very rewarding to see everything come together and ensure that the deceased person’s legacy is honored.
Moving Forward: Secure Your Future
Steve, what advice would you give our viewers about estate planning?
Don’t wait! Proactive estate planning is essential for everyone. It allows you to control how your assets are distributed and minimize potential conflicts among loved ones after you’re gone. Contact us today for a free consultation and let us guide you through this important process.
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 are the common mistakes made during probate?” Or any other related questions that you may have about Probate or my probate law practice.
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