Good evening, and welcome back. Tonight, we’re joined by Steve Bliss, a renowned probate attorney serving the Escondido community. Steve, thank you for taking the time to speak with us about estate planning.
Understanding the Probate Process
Steve, many people are unfamiliar with probate. Can you briefly explain what it is and why it’s important?
“Probate is essentially a legal process that occurs after someone passes away,” Steve explains. “It involves validating the deceased person’s will (if they had one), identifying and inventorying their assets, paying off debts and taxes, and ultimately distributing the remaining property to heirs or beneficiaries according to the will’s instructions or state law.”
“The probate process can be complex and time-consuming, which is why it’s crucial to have a knowledgeable attorney guide you through each step. It ensures that everything is handled correctly and efficiently.”
Focusing on Marshaling Estate Assets
Steve, today we’re focusing on the fifth step in the probate process: marshaling estate assets. Could you elaborate on what this entails?
“Marshaling estate assets essentially means identifying and gathering all of the deceased person’s property,” Steve clarifies. “This includes everything from bank accounts and investments to real estate, vehicles, personal belongings – anything of value.”
He continues, “We meticulously create a comprehensive inventory of these assets, including their estimated market values. This information is crucial for determining the total value of the estate, which in turn influences whether probate is even necessary.”
Ordinarily, estates valued below $184,500 in California can bypass probate through simplified procedures. However, larger estates typically require full probate proceedings.
“Once we’ve compiled a detailed inventory,” Steve explains, “we file an official Inventory and Appraisal with the court (Forms DE-160/161). This document serves as a formal record of all assets under the court’s jurisdiction.”
He adds, “It’s important to note that identifying and valuing assets can sometimes be challenging. For instance, determining the fair market value of unique collectibles or sentimental items may require professional appraisals.”
“I recall one case where we discovered a collection of antique coins hidden in a safe deposit box,” Steve shares. “The heirs were completely unaware of its existence. We consulted with numismatists to determine their value, which ultimately significantly increased the estate’s worth.”
Escondido Probate Law: Trusted and Experienced
“Having an experienced probate attorney like Steve Bliss on your side can make a world of difference during this often emotional and complex time.” – Satisfied Client, Escondido.
“Steve’s expertise and compassion helped me navigate the probate process smoothly after losing my mother. I highly recommend Escondido Probate Law.” – Grateful Client, San Marcos.
Steve Bliss, Esq., is a dedicated advocate for his clients, helping them understand their legal options and achieve the best possible outcomes. Contact Steve today to discuss your estate planning needs.
About Steven F. Bliss Esq. at Escondido Probate Law:
Escondido Probate Law is an experienced probate attorney. The probate process has many steps in in probate proceedings. Beside Probate, estate planning and trust administration is offered at Escondido Probate Law. Our probate attorney will probate the estate. Attorney probate at Escondido Probate Law. A formal probate is required to administer the estate. The probate court may offer an unsupervised probate get a probate attorney. Escondido Probate law will petition to open probate for you. Don’t go through a costly probate call Escondido Probate Attorney Today. Call for estate planning, wills and trusts, probate too. Escondido Probate Law is a great estate lawyer. Affordable Legal Services.
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 Escondido Probate Law: https://maps.app.goo.gl/77Dm2B8W9XkM5YvJA
Address:
Escondido Probate Law720 N Broadway #107, Escondido, CA 92025
(760) 884-4044
Feel free to ask Attorney Steve Bliss about: “What is the role of the executor or personal representative?” Or any other related questions that you may have about Probate or my probate law practice.
Important Facts About Escondido Probate Law
| California Totten Trust Lawyer |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |
| Totten Trust Lawyer California |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |
| Totten Trust Lawyer |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |
| Totten Trust Lawyer |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |
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Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |
| Credible Totten Trust Lawyer in Escondido |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |