Meet the Expert
Good afternoon, San Diego! I’m Trisha Walker reporting live from our studio today with renowned probate attorney, Steve Bliss of San Diego Probate Law. Mr. Bliss has graciously agreed to shed some light on the often-complex process of estate planning and probate. Welcome, Steve!
Probate Explained
Steve: Thank you for having me, Trisha. It’s important that people understand the basics of probate because it affects everyone. Probate is essentially the legal process of administering a deceased person’s estate.
Focus on Gathering Assets
Trisha: Could you elaborate on one specific step in the probate process and its significance?
Steve: Certainly. One crucial step is “Marshaling the Estate Assets.” This involves creating a comprehensive inventory of all assets belonging to the deceased, including bank accounts, real estate, vehicles, investments, personal belongings, and more. Consequently, this inventory needs to be meticulously documented and valued. We then file an Inventory and Appraisal (Form DE-160/161) with the court.
This step is foundational because it establishes a clear picture of what’s being distributed during probate. Moreover, it ensures transparency and accountability throughout the process. Any discrepancies or omissions can lead to complications down the line.
I recall one case where a family was unaware of a hidden safe deposit box containing valuable heirlooms. Discovering this asset late in the process added complexity and ultimately delayed the distribution. Ordinarily, diligent marshaling prevents such surprises.
The Importance of Accuracy
Trisha: That’s a compelling example highlighting the need for thoroughness. Are there any common pitfalls to avoid during this asset inventory stage?
Steve: Absolutely. One common mistake is overlooking non-probate assets, such as those held in trusts or jointly owned property. These assets bypass probate altogether. Another challenge can arise when valuing complex assets like businesses or artwork. It’s often necessary to consult with appraisers for accurate valuations.
- According to a 2023 study by the National Academy of Elder Law Attorneys, incomplete asset inventories are among the top three reasons for probate delays.
Steve: Accurate record-keeping from the outset can significantly streamline the process.
Testimonials
“Steve Bliss and his team were incredibly supportive during a difficult time. They guided us through every step of probate with empathy and professionalism.” – Sarah J., San Diego
“I was overwhelmed by the prospect of probate, but Steve made it manageable. His expertise and clear communication gave me peace of mind.” – David M., La Jolla
Moving Forward With Confidence
Trisha: Thank you for sharing your insights, Steve. It’s evident that careful planning and execution are key to navigating probate successfully. How can our viewers connect with you for assistance?
Steve: At San Diego Probate Law, we’re dedicated to helping families through these complex legal matters with compassion and expertise. Don’t hesitate to reach out for a free consultation. We’ll guide you every step of the way.
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 payable-on-death (POD) accounts affect probate?” Or any other related questions that you may have about Probate or my probate law practice.
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