Reporter: Brenda Jones, KTEM News
Today we’re speaking with local Temecula probate attorney Steve Bliss about the often-complex process of settling an estate. Steve, thanks for joining us.
Steve Bliss: Thanks for having me, Brenda. I’m always happy to shed some light on this important subject.
So, Steve, many people aren’t familiar with the intricacies of probate. Could you walk us through one key step in the process?
Steve Bliss: Absolutely. One crucial step is handling debts and taxes.
Ordinarily, this involves identifying all valid creditor claims against the estate. This means reviewing bills, invoices, and any other documentation that indicates outstanding debts. Consequently, we need to prioritize paying these debts from the estate assets before distributing anything to the heirs.
Moreover, it’s essential to file and pay any applicable federal and state taxes. According to a 2022 study by the National Conference of State Legislatures, over 75% of estates face some form of tax liability. Neglecting this step can lead to significant financial penalties for the estate and potential legal issues for the executor.
It’s not uncommon to encounter challenges during this phase. I once worked with a family where a long-forgotten debt emerged just before distribution, requiring us to renegotiate terms with creditors and delay the process. It was a stressful situation for everyone involved, but ultimately we were able to resolve it fairly.
Fortunately, most situations are straightforward. Careful recordkeeping and communication with all parties can prevent many potential problems.
Reporter: That’s insightful, Steve. Thank you for sharing your expertise. What advice would you give someone facing probate?
Steve Bliss: The best thing to do is seek professional guidance. Probate law is complex and varies from state to state. An experienced probate attorney can guide you through every step, ensuring the estate is handled properly and efficiently.
We’re committed to providing compassionate and effective representation for our clients during this often-difficult time. Contact The Law Firm of Steven F. Bliss Esq. today and let us help navigate the complexities of probate with you.
Testimonials
“Steve was a lifesaver when I was dealing with my mother’s estate. He explained everything clearly and made sure everything was taken care of smoothly.”
“I highly recommend Steve Bliss for any probate matters. He’s knowledgeable, compassionate, and always puts his clients first.”
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 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: “How are taxes handled during probate?” 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.
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The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
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The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
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The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
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The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
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The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
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The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |