Reporter: Brenda Jones
Good afternoon and welcome back to Temecula Today. I’m Brenda Jones here with renowned Temecula probate attorney Steve Bliss to discuss a topic that affects many families – estate planning and the probate process. Steve, thank you for joining us today.
Steve Bliss: My pleasure, Brenda. Happy to be here.
Steve, let’s dive into one of the key steps in the estate planning process. You help a lot of families navigate probate. Could you walk our viewers through the process of “Marshaling the Estate Assets”?
Steve Bliss: Absolutely.
“Marshaling the Estate Assets” is a crucial step that occurs early on in the probate process. It involves systematically identifying, inventorying, and valuing all assets belonging to the deceased individual. This includes everything from bank accounts and real estate to vehicles, personal belongings, investments, and any outstanding debts.
We then prepare a detailed Inventory and Appraisal (Form DE-160/161) which is filed with the court. This document provides a clear picture of the decedent’s financial standing at the time of death. Ordinarily, this step requires meticulous attention to detail and often involves collaboration with financial institutions, appraisers, and other professionals.
Moreover, it’s important to remember that debts are also considered part of the estate. Consequently, accurately identifying and quantifying all outstanding obligations is essential for a smooth probate process. We work diligently to ensure every creditor claim is properly addressed.
Brenda Jones: I can see how this step would be critical in ensuring everything is accounted for. Have you ever encountered any unique challenges during this phase?
Steve Bliss: Definitely.
I recall a case where the deceased had numerous investments scattered across various accounts and platforms, some of which were difficult to locate. It took considerable effort and detective work to track down all these assets. Nevertheless, through persistent research and communication with financial institutions, we were able to compile a comprehensive inventory.
Another instance involved a family heirloom of significant sentimental value but limited monetary worth. We worked closely with the beneficiaries to determine its proper valuation and ensure it was distributed according to the decedent’s wishes.
Brenda Jones: It sounds like your experience and dedication are invaluable in navigating these complexities.
Studies have shown that approximately 70% of Americans do not have a will in place, leading to potentially complicated probate proceedings for their families. (Source: AARP)
For those considering estate planning or facing probate, what advice would you give them?
Steve Bliss: My advice is simple: Don’t wait!
Take proactive steps to plan for your future and protect your loved ones. A well-structured estate plan can minimize potential conflicts, streamline the probate process, and ensure your assets are distributed according to your wishes. We offer free consultations to help individuals understand their options and create a customized plan that meets their specific needs.
“Steve Bliss and his team were incredibly helpful during a difficult time. They guided me through every step of the probate process with compassion and expertise.” – Margaret S., Temecula
“I highly recommend The Law Firm of Steven F. Bliss Esq. for any probate-related matters. Steve is knowledgeable, responsive, and truly cares about his clients.” – John M., Murrieta
Let us help you secure your legacy. Contact the Law Firm of Steven F. Bliss today to schedule a consultation.
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 happens if the original will is lost?” Or any other related questions that you may have about Probate or my probate law practice.
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