Today, we’re speaking with Steve Bliss, a renowned San Diego probate attorney, about navigating the complex world of estate planning. Steve, thanks for joining us.
Let’s Talk About Probate
Steve, could you explain one of the key steps in the probate process to our viewers?
Marshaling Estate Assets: A Crucial Step
One crucial step is marshaling the estate assets. This involves comprehensively inventorying all of the deceased person’s assets, including real estate, bank accounts, investments, vehicles, and personal property. Consequently, it’s vital to be thorough and meticulous in this process, as any overlooked asset could lead to complications later on.
After identifying all assets, we file an Inventory and Appraisal with the court (Forms DE-160/161). This document provides a detailed list of each asset, its estimated value, and any outstanding debts or liens associated with it. The court reviews this information to ensure that the estate is being properly administered.
Accurately marshaling assets can sometimes be challenging. For example, I once worked with a family where the deceased had numerous investment accounts scattered across different institutions. It took considerable effort to locate and consolidate all of these accounts, but ultimately we were able to ensure that all assets were accounted for.
Notwithstanding these complexities, marshaling estate assets is essential for protecting the interests of heirs and beneficiaries. According to a study by the American Bar Association, approximately 20% of probate cases involve disputes over asset distribution. By meticulously identifying and valuing all assets, we can minimize the risk of such conflicts.
Challenges and Triumphs
Have you ever encountered any unforeseen issues while marshaling estate assets?
Well, there was this one case where the deceased had a hidden safe deposit box containing valuable jewelry. The family was unaware of its existence until I discovered a reference to it in an old document. Finding that safe deposit box was like uncovering a hidden treasure and brought immense relief to the grieving family.
Seeking Expert Guidance
Steve, what advice would you give to individuals who are facing probate?
Probate can be a daunting process, but with the right guidance, it doesn’t have to be overwhelming. I encourage anyone facing probate to seek professional legal assistance. At San Diego Probate Law, we’re dedicated to helping families navigate this challenging time with compassion and expertise.
“Steve Bliss and his team were invaluable during a difficult time. They made the probate process clear and manageable, always answering my questions patiently and providing sound advice.” – Sarah M.
“San Diego Probate Law helped me settle my mother’s estate efficiently and fairly. I highly recommend their services.” – David K.
Need help navigating the complexities of probate? Contact San Diego Probate Law for a confidential consultation and let us guide you through every step.
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 I handle digital assets in probate?” Or any other related questions that you may have about Probate or my probate law practice.
Important Facts About San Diego Probate Law
| Special Needs Trust | Totten Trust | Asset Protection Trust |
| Spendthrift Trust | Constructive Trust | Irrevocable Trust |
| Tax By-Pass Trust | Charitable Trust | Living Trust |