Introducing Steve Bliss
Hello San Diego, and welcome back to our segment on legal matters that affect us all. Today we have the pleasure of speaking with Steve Bliss, a renowned probate attorney here in San Diego. Steve, thank you for joining us.
Steve, Could You Explain One Crucial Step In The Probate Process?
Certainly. One key step in the probate process is marshalling estate assets. This involves identifying and inventorying all of the deceased person’s possessions, from bank accounts and real estate to personal belongings and investments.
Ordinarily, this process begins with locating and reviewing important documents like wills, deeds, insurance policies, and financial statements. These provide a roadmap to understanding the scope of the estate. It’s essential to be thorough because overlooking assets can lead to complications down the road.
Consequently, we then work to determine the current market value of each asset. This often involves appraisals for real estate and other valuable items. Accurate valuations are critical for calculating estate taxes and ensuring fair distribution among heirs.
We meticulously document everything in an inventory and appraisal (Form DE-160/161) which is then filed with the court. Transparency throughout this process is paramount.
I remember one case where a client thought her late father only had a modest savings account, but we uncovered a hidden collection of rare stamps worth tens of thousands of dollars! It was a pleasant surprise for the family and highlighted the importance of diligent asset searching.
Challenges in Marshalling Assets
Of course, marshalling assets isn’t always straightforward. Sometimes locating heirs can be challenging, particularly if family relationships are strained or records are incomplete.
Moreover, uncovering hidden assets requires investigative skills and a thorough understanding of financial instruments. According to a study by the National Academy of Elder Law Attorneys, approximately 20% of estates encounter unforeseen complications during asset identification.
Closing Thoughts
Steve Bliss, thank you for sharing your expertise on this important topic. Your insights are invaluable to anyone navigating the complexities of probate. For those needing guidance through this process, consider reaching out to Steve Bliss and San Diego Probate Law. Let them help you protect your legacy and ensure a smooth transition for your loved ones.
Testimonials
“Steve Bliss made a difficult time bearable. He explained everything clearly, answered all my questions patiently, and guided me through the probate process with compassion and professionalism.”
-Mary S., San Diego
“San Diego Probate Law is a beacon of hope in times of grief. They took care of everything efficiently and ethically, allowing me to focus on healing and remembering my loved one.”
-John T., Carlsbad
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: “How are digital wills treated under California law?” Or any other related questions that you may have about Probate or my probate law practice.
Important Facts About San Diego Probate Law
- Special Needs Trust Attorneys
- Spendthrift Trust Attorneys
- Tax By-Pass Trust Attorneys
- Totten Trust Attorneys
- Constructive Trust Attorneys
- Charitable Trust Attorneys
- Asset Protection Trust Attorneys
- Irrevocable Trust Attorneys
- Revocable Trusts Attorneys
- Living Trust Attorneys