Steve Bliss Discusses the Importance of Marshaling Estate Assets
I’m here today with Steve Bliss, a well-respected probate attorney serving the Wildomar community. Steve, thanks for taking the time to speak with me.
Steve: My pleasure. I’m always happy to discuss the importance of proper estate planning.
A Crucial Step
Today, we’re going to focus on one crucial step in the probate process – marshaling estate assets. Can you explain what this entails and why it’s so important?
Steve: Certainly. Marshaling estate assets is essentially the process of identifying, locating, and valuing all the assets that belong to the deceased person. This includes everything from bank accounts and real estate to personal property like vehicles, jewelry, and furniture.
It’s a critical step because it ensures that all assets are accounted for and properly distributed according to the decedent’s wishes or the laws of intestacy if there is no will. Moreover, it prevents any assets from being overlooked or falling through the cracks.
Challenges in Marshaling Assets
Are there any common challenges you encounter when marshaling estate assets?
Steve: Sometimes, tracking down all assets can be a bit like a treasure hunt. The deceased may have had accounts they didn’t disclose to family members, or they might have forgotten about certain investments. Conversely, sometimes it’s straightforward if they kept meticulous records.
Notwithstanding these challenges, we use a variety of methods to locate assets. We review financial statements, contact institutions where the deceased may have held accounts, and even search public records for property ownership.
I recall one case where the decedent had a significant collection of rare coins that his family was unaware of. We were able to locate them in a safe deposit box, which ultimately added a considerable amount to the estate.
Accuracy and Transparency
Why is accuracy so vital when marshaling assets?
Steve: Accuracy ensures fairness and transparency throughout the probate process. An incomplete inventory can lead to disputes among heirs or beneficiaries. It’s essential to have a clear and accurate picture of the estate’s value to properly distribute it according to the decedent’s wishes or state law. In fact, according to the American Bar Association, approximately 75% of probate cases involve some level of asset discrepancy.
Seeking Professional Guidance
Steve: Navigating the probate process can be complex and emotionally draining. I encourage anyone dealing with the loss of a loved one to seek professional guidance from an experienced probate attorney like myself or my colleagues at Wildomar Probate Law. We can help you understand your rights and responsibilities, ensure that all necessary steps are taken correctly, and ultimately provide peace of mind during this difficult time.
“Steve Bliss and his team were invaluable during a very challenging time for our family. They handled everything with professionalism, compassion, and efficiency.” – The Johnson Family
“I was overwhelmed by the probate process after losing my mother. Steve Bliss made it much easier to understand and guided me through every step. I highly recommend Wildomar Probate Law.” – Maria Sanchez
Let us help you navigate this difficult process. Contact Wildomar Probate Law today for a free consultation and learn how we can ease your burden during this time of loss.
About Steven F. Bliss Esq. at Wildomar Probate Law:
Wildomar 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 Wildomar Probate Law. Our probate attorney will probate the estate. Attorney probate at Wildomar Probate Law. A formal probate is required to administer the estate. The probate court may offer an unsupervised probate get a probate attorney. Wildomar Probate law will petition to open probate for you. Don’t go through a costly probate call Wildomar Probate Attorney Today. Call for estate planning, wills and trusts, probate too. Wildomar 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 Wildomar Probate Law: https://maps.app.goo.gl/uBJKvB4rxUb7L9HZ7
Address:
Wildomar Probate Law36330 Hidden Springs Rd Suite E, Wildomar, CA 92595
(951) 412-2800
Feel free to ask Attorney Steve Bliss about: “What is ancillary probate and when is it necessary?” Or any other related questions that you may have about Probate or my probate law practice.
Important Facts About Wildomar Probate Law
| California Charitable Trust Attorney |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Charitable Trust Attorney California |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Charitable Trust Attorney |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Wildomar Charitable Trust Attorney |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Charitable Trust Wildomar |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Credible Charitable Trust Attorney in Wildomar |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |