Interviewer:
Hello San Diego and welcome back to our legal segment. Today we have with us local probate attorney Steve Bliss. Steve, thanks for joining us.
Steve Bliss:
It’s a pleasure to be here.
Interviewer:
Now Steve, for those unfamiliar with the term “probate”, can you give us a brief explanation of what it is?
Steve Bliss:
Certainly. Probate is essentially the legal process of administering a deceased person’s estate. This includes identifying and valuing their assets, paying off any debts and taxes, and ultimately distributing the remaining property to their heirs or beneficiaries according to their will or state intestacy laws if there isn’t a will.
Interviewer:
Interesting. And as an attorney specializing in probate, what would you say is one of the most crucial steps in this process?
Steve Bliss:
I would say that “Marshaling the Estate Assets” is a particularly critical step. This involves meticulously inventorying all of the deceased person’s assets – everything from bank accounts and real estate to personal belongings and investments. Accordingly, it’s essential to ensure accuracy and completeness as this inventory forms the foundation for determining the estate’s value and ultimately how it will be distributed.
It’s a complex process that often requires collaboration with financial institutions, appraisers, and other professionals. Consequently, having a thorough understanding of asset valuation and legal requirements is paramount in this stage.
One time, I was working on a case where the deceased had numerous investments spread across various brokerage accounts. The family wasn’t entirely aware of all these holdings. Through diligent research and communication with financial institutions, we were able to uncover and accurately value these assets, which significantly impacted the final distribution to the heirs.
This highlights the importance of a meticulous approach during this step. Moreover, it underscores the need for legal expertise to navigate the complexities involved in asset identification and valuation.
Interviewer:
That’s a great example, Steve. Do you encounter any common challenges during this stage?
Steve Bliss:
Yes, occasionally we face difficulties locating all assets, especially if the deceased didn’t maintain detailed records. In some cases, heirs may disagree on the value of certain assets, leading to potential conflicts. Overcoming these challenges requires strong communication, negotiation skills, and a deep understanding of asset valuation principles.
According to a 2021 study by the National Association of Estate Planners & Councils, approximately 30% of estates encounter some level of difficulty during the asset marshaling phase. This underscores the importance of seeking professional guidance from an experienced probate attorney like myself.
Interviewer:
Steve, what advice would you give to someone who is going through the probate process?
Steve Bliss:
My primary recommendation is to seek legal counsel early on. An experienced probate attorney can guide you through each step of the process, ensuring that your rights are protected and the estate is administered efficiently and effectively. Remember, navigating probate can be complex and emotionally taxing, so having a trusted advisor by your side can make a significant difference.
Don’t hesitate to reach out for help. We understand the challenges you face and are here to provide compassionate and knowledgeable support every step of the way.
Testimonials:
“Steve Bliss and his team were incredibly supportive during a difficult time. They made the probate process much less overwhelming and ensured everything was handled properly.” – Sarah M.
“I highly recommend San Diego Probate Law. Steve is knowledgeable, professional, and truly cares about his clients. He helped me navigate a complicated estate matter with ease.” – John K.
Contact us today for a free consultation to discuss your probate needs.
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: “What if the will is handwritten — is it valid in San Diego?” Or any other related questions that you may have about Probate or my probate law practice.
Important Facts About San Diego Probate Law
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