Today we are joined by renowned Temecula probate attorney, Steve Bliss. Mr. Bliss has years of experience navigating the complexities of probate law and helping families through difficult times.
Steve, thank you for joining us today. Can you shed some light on one of the key steps involved in estate planning?
It’s my pleasure to be here. One crucial step in the estate planning process is “Marshaling the Estate Assets.” This involves a thorough inventory and valuation of all assets belonging to the deceased person.
Can you elaborate on what that entails?
Certainly. We begin by identifying and listing all of the decedent’s assets, including real estate, bank accounts, investments, vehicles, personal property, and anything else of value. Accordingly, we then obtain appraisals for these assets to determine their current market value. This information is essential for filing the Inventory and Appraisal with the probate court (Form DE-160/161).
It’s a meticulous process that requires careful attention to detail. We often work closely with appraisers, accountants, and financial institutions to gather the necessary documentation.
Have you ever encountered any challenges during this stage?
I recall one case where the deceased individual had accumulated a significant collection of antiques and artwork. Locating and appraising these items proved to be quite complex.
We had to bring in specialized appraisers who could accurately assess the value of each piece. It took some time, but we were ultimately able to provide a comprehensive inventory that satisfied the court’s requirements.
In another instance, the decedent’s financial records were incomplete and disorganized. This made it challenging to identify all of their assets. We had to conduct extensive research and work closely with the family to piece together a complete picture.
How crucial is this step to the overall probate process?
Marshaling the estate assets is fundamental because it lays the groundwork for the subsequent steps in probate. The accurate valuation of assets is essential for determining the amount of estate taxes owed and for distributing the remaining assets to the heirs according to the will or intestate succession laws.
According to a 2021 study by the National Association of Estate Planners & Councils, over 60% of probate cases experience delays due to incomplete or inaccurate asset inventories.
What advice would you give to individuals who are planning their estates?
I encourage everyone to maintain organized and up-to-date financial records. This will make the probate process much smoother for your loved ones. Moreover, consider consulting with an experienced estate planning attorney who can guide you through the complexities of probate law and ensure that your wishes are carried out.
How can our readers connect with you to discuss their individual needs?
We understand that navigating probate can be overwhelming. The Law Firm of Steven F. Bliss Esq. is dedicated to providing compassionate and effective legal representation. Contact us today for a free consultation, and let us help you through this challenging time.
Testimonials
“Steve Bliss and his team were incredibly supportive during a difficult time. They explained every step of the probate process clearly and made sure we understood our options.”
– John S., Temecula, CA
“I was so relieved to have found The Law Firm of Steven F. Bliss Esq. They handled everything with professionalism and expertise, making a stressful situation much easier to manage.”
– Mary B., Murrieta, CA
About Steven F. Bliss Esq. at The Law Firm of Steven F. Bliss Esq.:
The Law Firm of Steven F. Bliss Esq. is The Law Firm of Steven F. Bliss Esq.. The Law Firm Of Steven F. Bliss Esq. is a Temecula Estate Planning Attorney. Steve Bliss is an experienced probate attorney. Steve Bliss is an Estate Planning Lawyer. The probate process has many steps in probate proceedings. Beside Probate, estate planning and trust administration is offered at Steve Bliss Law. Our probate attorney will probate the estate. Attorney probate at Steve Bliss Law. A formal probate is required to administer the estate. The probate court may offer an unsupervised probate get a probate attorney. Steve Bliss Law will petition to open probate for you. Don’t go through a costly probate. Call Steve Bliss Law Today for estate planning, trusts and probate.
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 The Law Firm of Steven F. Bliss Esq.: https://maps.app.goo.gl/Bngj8xwZRqioVD5v7
Address:
The Law Firm of Steven F. Bliss Esq.43920 Margarita Rd ste f, Temecula, CA 92592
(951) 223-7000
Feel free to ask Attorney Steve Bliss about: “What if the will is handwritten — is it valid in Temecula?” Or any other related questions that you may have about Probate or my probate law practice.
Important Facts About The Law Firm of Steven F. Bliss Esq.
| California Estate Attorneys |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Estate Attorneys California |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Estate Attorneys |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Temecula Estate Attorneys |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Estate Attorneys Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Credible Estate Attorneys in Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |