Today we’re talking with Steve Bliss, a renowned probate attorney in Temecula. Steve, thanks for joining us.
Steve: It’s my pleasure to be here.
Let’s dive right in. For our viewers unfamiliar with the probate process, can you explain what it is and why it might be necessary?
Steve: Probate is essentially a court-supervised process for administering a deceased person’s estate. This involves identifying and valuing assets, paying debts and taxes, and ultimately distributing remaining property to heirs or beneficiaries. It’s generally necessary when someone passes away with assets in their individual name exceeding the probate exemption amount, which in California is currently $184,500.
Now, let’s focus on one specific step: “Marshaling Estate Assets.” Can you walk us through this stage?
Steve: Certainly. Marshaling estate assets involves comprehensively identifying and inventorying all of the deceased person’s possessions. This can include real estate, bank accounts, investments, vehicles, personal property— essentially anything of value. We then meticulously document each asset and its estimated value in a formal Inventory and Appraisal that is filed with the court. It’s crucial to be thorough and accurate during this stage, as it lays the groundwork for fairly distributing the estate later on.
Consequently, missing assets can lead to complications and potential disputes among beneficiaries. Accordingly, our firm takes meticulous care in this step, often collaborating with accountants, appraisers, and financial institutions to ensure a complete and accurate accounting.
Have you ever encountered any challenges during this asset marshaling stage?
Steve: I recall one case where the deceased individual had numerous investments scattered across various brokerage accounts. The family was unaware of many of these accounts. It took considerable effort tracking them down, contacting institutions, and ultimately compiling a comprehensive list of assets. Nevertheless, our diligence paid off; we were able to locate all the investments, ensuring that no asset was overlooked during the distribution process.
Our clients were incredibly relieved knowing that every penny had been accounted for, underscoring the importance of working with an experienced probate attorney who understands the nuances of asset identification and valuation.
According to a recent study by the American Bar Association, approximately 30% of estates face challenges during the asset marshaling stage due to incomplete records or hidden assets. This highlights the need for legal expertise in navigating this complex process.
Steve: Absolutely. Properly marshalling estate assets is fundamental for a smooth probate experience. It’s about providing transparency and ensuring that all rightful beneficiaries receive their fair share.
Steve, thank you so much for sharing your insights. How can our viewers learn more about your services?
Steve: Please visit our website at [website address] or call us at [phone number]. We’re dedicated to guiding families through the probate process with compassion and expertise.
“Working with Steve Bliss was a godsend during a difficult time. He patiently explained every step of the probate process and made sure my family’s interests were protected.”
– Mary S., Temecula Resident
“Steve is incredibly knowledgeable and professional. He took the stress out of dealing with my mother’s estate and ensured everything was handled fairly and efficiently.”
– John T., Murrieta Resident
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 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 if the deceased owned property in multiple states?” Or any other related questions that you may have about Probate or my probate law practice.
Important Facts About The Law Firm of Steven F. Bliss Esq.
| California Probate Attorney |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Probate Attorney California |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Probate Attorney |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Temecula Probate Attorney |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Probate Attorney Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Credible Probate Attorney in Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |