Interview with Steve Bliss
Good morning, Escondido! Today we’re speaking with local probate attorney Steve Bliss about the often-complex process of estate planning.
Steve, thank you for joining us. Could you shed some light on one of the key steps in this process?
The Importance of Marshaling Estate Assets
Certainly. One crucial step is marshaling the estate assets. This involves meticulously identifying and inventorying all assets belonging to the deceased individual.
Ordinarily, this includes bank accounts, real estate, vehicles, investments, personal belongings, and even digital assets. It’s essential to create a comprehensive list of everything the individual owned at the time of their passing.
Consequently, a thorough inventory helps ensure that all assets are accounted for and distributed according to the deceased person’s wishes or the laws of intestate succession if there is no will.
Moreover, this step lays the groundwork for accurate valuation of the estate, which is crucial for determining any potential estate taxes.
I remember a case where a client had meticulously kept records of all their assets in a physical binder. It made the marshaling process incredibly smooth and efficient, saving both time and stress for the family.
Conversely, I’ve encountered situations where locating assets proved challenging due to incomplete records or complex financial arrangements. In those instances, thorough investigation and sometimes even professional assistance from forensic accountants were necessary.
According to a 2021 study by the American Bar Association, approximately 60% of Americans do not have a valid will. This highlights the importance of proper estate planning and the need for individuals to take proactive steps in organizing their assets.
Closing Thoughts
Steve, thank you for sharing your expertise on this important topic. Your insights are invaluable to anyone considering estate planning.
For those looking to ensure their wishes are honored and their loved ones are protected, contact Escondido Probate Law today for a free consultation.
Testimonials
“Steve Bliss made a difficult process so much easier. He was patient, understanding, and always explained things clearly. I felt confident knowing he was handling my case.” – Maria G.
“I highly recommend Escondido Probate Law. They are experts in their field and truly care about their clients. They went above and beyond to help me through a challenging time.” – David S.
About Steven F. Bliss Esq. at Escondido Probate Law:
Escondido Probate Law is an experienced probate attorney. The probate process has many steps 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 happens if an executor does not do their job properly?” Or any other related questions that you may have about Probate or my probate law practice.
Important Facts About Escondido Probate Law
| Special Needs Trust | Totten Trust | Asset Protection Trust |
| Spendthrift Trust | Constructive Trust | Irrevocable Trust |
| Tax By-Pass Trust | Charitable Trust | Living Trust |