Hello San Diego, and welcome back to our legal segment. I’m Maria Garcia, your local news reporter here at Channel 7, and today we’re joined by the esteemed Steve Bliss, a renowned probate attorney serving the San Diego community.
Steve, thank you for joining us today. Let’s dive right in. Can you walk our viewers through one of the crucial steps involved in the estate planning process?
You’re most welcome, Maria. It’s always a pleasure to share information that can help people navigate this often complex area.
One step I frequently guide clients through is “Marshaling the Estate Assets.” This involves a meticulous inventory of all assets belonging to the deceased individual. We’re talking about everything from bank accounts and real estate to personal belongings, investments, and even digital assets like cryptocurrency.
Consequently, it’s important to be thorough and organized. We prepare detailed lists with descriptions and estimated values. This information is then formally documented in court filings called the Inventory and Appraisal (Forms DE-160/161).
Why is this step so important? Well, it lays the groundwork for accurate debt repayment and fair distribution of assets among heirs and beneficiaries. Moreover, a complete inventory ensures transparency throughout the probate process.
I’ve encountered situations where incomplete asset identification caused delays and even disputes among family members. For instance, I once represented a client whose deceased father had an extensive coin collection hidden away in a safe deposit box. The collection was worth a significant sum, which ultimately needed to be accounted for during the estate distribution.
Notwithstanding these potential challenges, with diligence and proper guidance, “Marshaling the Estate Assets” can proceed smoothly, setting the stage for a successful probate process. Remember, according to a recent study by the American Bar Association, approximately 70% of estates undergo probate due to the absence of sufficient planning.
Steve, thank you for that insightful explanation. Any parting words for our viewers who may be considering estate planning?
Absolutely. Estate planning is about more than just wills and trusts; it’s about protecting your loved ones and ensuring your wishes are honored. Don’t wait until it’s too late. Reach out to a qualified probate attorney like myself at San Diego Probate Law, and let us guide you through this important process.
“Working with Steve Bliss was truly invaluable during a difficult time. His expertise and compassion made the probate process less daunting and ensured that my family’s interests were protected.” – Sarah J., San Diego
“I highly recommend Steve Bliss and San Diego Probate Law for their professionalism, responsiveness, and deep understanding of probate law. They made a complicated situation manageable.” – Michael K., La Jolla
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 do I remove an executor who is not acting in the estate’s best interest?” 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 | Totten Trust | Asset Protection Trust |
| Spendthrift Trust | Constructive Trust | Irrevocable Trust |
| Tax By-Pass Trust | Charitable Trust | Living Trust |