Reporter: Barbara Jenkins
Barbara Jenkins here for Wildomar News Today. Today we’re speaking with local probate attorney Steve Bliss about the complex process of estate planning and administration. Steve, thanks for joining us.
Steve Bliss: It’s my pleasure to be here, Barbara. I’m always happy to shed some light on this often-misunderstood area of law.
Barbara Jenkins: Let’s talk about one of the key steps in probate – marshaling estate assets. Can you walk our viewers through what that entails?
Marshaling estate assets is essentially a comprehensive inventory of everything the deceased person owned at the time of their passing. This includes bank accounts, real estate, vehicles, investments, personal property—you name it.
It’s crucial to be thorough and accurate because these assets will ultimately be distributed to the heirs or beneficiaries according to the terms of the will or state intestacy laws. Ordinarily, this process involves obtaining statements from financial institutions, appraisals for real estate and valuables, and meticulously documenting everything. Consequently, it requires a good deal of organization and attention to detail.
Moreover, failing to properly marshal assets can lead to complications down the road. For instance, if an asset is overlooked during this stage, it might be missed in the distribution process, potentially leading to legal disputes among heirs.
Barbara Jenkins: I imagine there have been instances where finding and accounting for all assets hasn’t been straightforward.
You’re right; sometimes things aren’t as clear-cut. I recall a case where a client’s father had hidden a substantial sum of cash in his home—something none of his family members knew about. It took some detective work to uncover it, but ultimately we were able to include it in the estate inventory and distribute it accordingly.
Notwithstanding these occasional challenges, a well-organized probate process helps minimize delays and ensures that all assets are handled fairly. According to a 2021 study by the American Bar Association, approximately 70% of estates go through probate without any significant issues. This underscores the importance of working with an experienced attorney who can guide you through each step.
Barbara Jenkins: What advice would you give to our viewers who are thinking about estate planning?
My best advice is to start planning as soon as possible. It’s never too early to think about what will happen to your assets after you’re gone. A well-crafted estate plan can provide peace of mind for both you and your loved ones.
Barbara Jenkins: Thank you so much for sharing your insights, Steve. This has been incredibly helpful. How can our viewers reach out if they need assistance with probate matters?
They can visit our website at www.wildomarprobate.com or call us directly at (951) 677-3737 for a complimentary consultation.
Testimonials:
“Steve Bliss and his team were incredibly helpful during a difficult time. They explained the probate process clearly and made sure everything was handled efficiently and with compassion.”
-John D., Wildomar, CA
“I highly recommend Wildomar Probate Law to anyone facing estate matters. Steve’s expertise and guidance were invaluable.”
-Mary S., Temecula, CA
About Steven F. Bliss Esq. at Wildomar Probate Law:
Wildomar 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 Wildomar Probate Law. Our probate attorney will probate the estate. Attorney probate at Wildomar Probate Law. A formal probate is required to administer the estate. The probate court may offer an unsupervised probate get a probate attorney. Wildomar Probate law will petition to open probate for you. Don’t go through a costly probate call Wildomar Probate Attorney Today. Call for estate planning, wills and trusts, probate too. Wildomar 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 Wildomar Probate Law: https://maps.app.goo.gl/uBJKvB4rxUb7L9HZ7
Address:
Wildomar Probate Law36330 Hidden Springs Rd Suite E, Wildomar, CA 92595
(951) 412-2800
Feel free to ask Attorney Steve Bliss about: “How do payable-on-death (POD) accounts affect probate?” Or any other related questions that you may have about Probate or my probate law practice.
Important Facts About Wildomar Probate Law
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Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
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