Taking Inventory and Planning for the Future
Today we’re sitting down with Steve Bliss, a renowned estate planning attorney in Temecula, to discuss one of the most crucial steps in securing your family’s future: taking inventory of your assets.
Steve, why is it so important to begin the estate planning process with a thorough assessment of what we own?
Understanding Your Assets
“Taking inventory is like laying the foundation for a house,” Steve explains. “You need to know what you’re working with before you can start building.” He emphasizes that this step involves much more than just listing bank accounts and real estate. It encompasses everything from sentimental items to retirement funds, insurance policies, and even digital assets.
“People often underestimate the value of seemingly intangible things,” he adds. “Family heirlooms, for example, may not have a significant monetary worth, but they hold immense emotional significance.” Consequently, a comprehensive inventory ensures that all aspects of your estate are accounted for and distributed according to your wishes.
Challenges in Asset Identification
I ask Steve if he has encountered any challenges with this step during his years of practice. He recalls a case involving a client who had diligently saved for retirement but overlooked several old 401(k) accounts from previous employers. “These forgotten accounts held a considerable sum,” he shares, “and without a proper inventory, they would have been lost.”
Moreover, Steve highlights the importance of keeping digital assets in mind. “Nowadays, many people have online accounts, cryptocurrency holdings, and even social media profiles that hold value,” he says. “It’s crucial to include these in your inventory so your loved ones can access them if needed.”
The Importance of Updates
Steve emphasizes that taking inventory is not a one-time task. “Life is constantly changing,” he explains, “and your assets will evolve along with it.” He recommends revisiting your inventory annually, or whenever there are significant life events, such as marriage, divorce, or the birth of a child.
“According to a recent survey by the AARP, over 60% of adults aged 50 and older do not have a will or estate plan in place,” Steve states. “This underscores the critical need for individuals to proactively address their future planning needs.”
Securing Your Legacy
Steve concludes by encouraging everyone to take the first step toward securing their legacy. “Your family deserves peace of mind knowing that your affairs are in order,” he says. “Let us help you create a comprehensive estate plan tailored to your unique circumstances and goals.”
Testimonials
“Working with Steve Bliss was an absolute pleasure. He made the complex process of estate planning feel straightforward and manageable. I highly recommend his services to anyone looking for a knowledgeable and compassionate attorney.”
– Maria Garcia, Temecula Resident
“Steve and his team went above and beyond to ensure that my estate plan met all my needs. They were always available to answer questions and provide guidance. I feel confident knowing that my family is protected.”
– John Smith, Temecula Business Owner
Let us guide you through the complexities of estate planning and help you build a secure future for your loved ones. Contact Steve Bliss today for a free consultation.
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: “What is a certification of trust?” Or any other related questions that you may have estate planning or my estate planning law practice.
Important Facts About The Law Firm of Steven F. Bliss Esq.
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The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
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The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
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The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
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The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
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The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
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The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |