Good morning, San Diego! Today we’re joined by local probate attorney Steve Bliss of San Diego Probate Law to discuss the often-complex world of estate planning and probate.
Understanding the Probate Process
Steve, thank you for joining us today. Could you explain one of the key steps in the probate process for our viewers?
Marshaling Estate Assets: A Crucial Step
Certainly. One crucial step is marshaling the estate assets. This involves a thorough inventory of all assets belonging to the deceased individual, including bank accounts, real estate, vehicles, investments, and personal property.
Once we have a complete list, we need to determine the fair market value of each asset. This information is then compiled into an Inventory and Appraisal (Forms DE-160/161) which is filed with the court. Accordingly, this step ensures transparency and accountability throughout the probate process.
Accurately identifying and valuing assets is vital because it directly impacts how the estate will be distributed among heirs and beneficiaries. Consequently, any errors or omissions can lead to complications and potential legal disputes down the line.
I recall one case where a client’s family thought they knew all the deceased’s assets. However, during our investigation, we uncovered a forgotten safety deposit box containing valuable jewelry. The family was incredibly grateful that we unearthed this hidden asset, as it significantly increased their inheritance.
According to the American Bar Association, approximately 70% of Americans die without a will, meaning their estates are subject to intestacy laws. This further highlights the importance of careful asset identification and valuation during probate.
Seeking Expert Guidance
Steve, what advice would you give to individuals facing the probate process?
“The probate process can be overwhelming and complex, especially during a time of grief,” Steve explains. “It’s crucial to seek guidance from an experienced probate attorney who can navigate the legal intricacies and protect your interests. Remember, we are here to help you through this difficult time and ensure a smooth and efficient administration of the estate.”
“My experience with San Diego Probate Law was exceptional. Steve Bliss and his team were incredibly knowledgeable, compassionate, and responsive throughout the entire process. They made a challenging situation much easier to manage.” – Sarah J.
“I highly recommend San Diego Probate Law for any probate-related matters. Their expertise and dedication ensured that my mother’s estate was handled with care and professionalism.” – Michael K.
Let us help you navigate the complexities of probate. Contact San Diego Probate Law today to schedule a confidential consultation and learn how we can 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: “Can I contest the appointment of an executor?” Or any other related questions that you may have about Probate or my probate law practice.
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