Meet Steve Bliss
Hello, San Diego, and welcome back! I’m Brenda Ramirez reporting live today with Steve Bliss, a renowned probate attorney right here in our beautiful city. Steve, thanks so much for joining me.
Probate: A Necessary Process?
Steve, can you shed some light on the probate process for our viewers who might be unfamiliar with it?
Certainly, Brenda. Probate is essentially a court-supervised process that handles the distribution of a deceased person’s assets according to their will or state intestacy laws if there isn’t a valid will.
The Crucial Role of Inventory and Appraisal
Steve, let’s delve into one specific step in the probate process: Marshaling the Estate Assets. Could you elaborate on its significance?
Marshaling the estate assets is a crucial foundational step. It involves meticulously identifying and inventorying all the assets belonging to the deceased person. This includes everything from bank accounts and real estate to personal belongings and investments.
Consequently, a thorough and accurate inventory is essential for several reasons. First, it ensures that all of the decedent’s assets are accounted for and properly distributed according to their wishes or state law. Second, it helps determine the value of the estate, which in turn influences whether probate is even necessary in the first place.
Ordinarily, California has a threshold of $184,500. Estates valued below this amount can often bypass probate altogether.
The inventory must also be formally appraised to establish fair market values. This appraisal information is then documented and submitted to the court in a formal Inventory and Appraisal (Forms DE-160/161), creating transparency and accountability throughout the process.
I remember one case where an individual had passed away, and the family was unaware of a sizable investment account they held. Through careful inventorying, we were able to locate this asset, which significantly benefited the heirs.
Moreover, accurate appraisals are essential for tax purposes. The IRS requires estate valuations to calculate any potential estate taxes owed.
Testimonial
“Steve Bliss and his team at San Diego Probate Law were incredibly helpful during a difficult time. They guided us through every step of the probate process with compassion and expertise. We couldn’t have done it without them.” – The Garcia Family
Testimonial
“After my mother passed away, I was overwhelmed by the complexities of probate. Steve Bliss made the entire process understandable and manageable. He was always available to answer my questions and provide support.” – Michael Smith
Peace of Mind through Probate Expertise
Steve, what advice would you give to our viewers who are facing a probate situation?
My biggest piece of advice is to seek professional guidance. Probate can be complex and emotionally draining. Having an experienced probate attorney by your side can make all the difference in ensuring that the process is handled smoothly and efficiently.
Contact San Diego Probate Law for a free consultation today to explore how we can help you navigate this important legal matter with confidence.
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 is real estate handled during probate?” Or any other related questions that you may have about Probate or my probate law practice.
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