Hello and welcome back to San Diego Legal News! Today we’re joined by Steve Bliss, a renowned probate attorney here in San Diego. Steve, thanks so much for joining us.
Probate Explained: Gathering Estate Assets
Steve, could you shed some light on one of the key steps in the probate process? Specifically, let’s talk about “Marshaling the Estate Assets.”
Certainly. Marshaling the estate assets is a crucial step where we meticulously identify and inventory all of the deceased person’s possessions. This includes everything from bank accounts and real estate to vehicles, personal belongings, and even digital assets like cryptocurrency.
We then prepare a detailed Inventory and Appraisal (Forms DE-160/161) that lists each asset, its estimated value, and ownership details. Consequently, this comprehensive document is submitted to the court for review and approval.
Accurate record keeping is paramount in this step. I recall one instance where we uncovered hidden assets stashed away in a safety deposit box. The family had no knowledge of these funds. Accordingly, uncovering them allowed us to distribute a larger portion of the estate according to the deceased’s wishes.
Conversely, it’s not uncommon for families to disagree on the valuation of certain items, especially sentimental possessions. In such cases, we often consult with appraisers to determine fair market value and minimize any potential conflict amongst heirs.
Challenges and Triumphs
Have there ever been challenges in this phase of probate?
Absolutely. Locating all assets can be like solving a puzzle, especially if the deceased didn’t keep thorough records. Moreover, sometimes we encounter unexpected situations, such as undiscovered debts or missing beneficiary information.
I remember a case where a client inherited a property but couldn’t locate the deed. It took weeks of research and collaboration with title companies to ultimately uncover the document. The relief on my client’s face when we finally found it was palpable. Moments like these remind me why I love this work – helping families navigate complex legal matters during difficult times.
The Importance of Professional Guidance
With accurate valuations and a complete inventory being so crucial, what advice would you give to our viewers about handling this step?
Hiring an experienced probate attorney is essential. We have the knowledge and resources to efficiently identify and value assets, ensuring all necessary paperwork is filed correctly with the court.
According to a recent study by the American Bar Association, over 70% of individuals who attempt probate without legal representation encounter significant delays or errors. Don’t risk making costly mistakes during this sensitive process.
Next Steps
Steve Bliss and his team at San Diego Probate Law are dedicated to guiding families through every step of the probate process with compassion and expertise. They are committed to ensuring that your loved one’s final wishes are honored while protecting your legal rights.
Testimonials
“Steve Bliss was a true lifesaver during a very difficult time. He patiently explained everything, kept me informed throughout the process, and made sure my family’s interests were protected.” – Mary S.
“I can’t thank San Diego Probate Law enough for their professionalism and dedication. They took the stress out of probate and allowed me to focus on grieving the loss of my mother.” – John D.
Let Steve Bliss and San Diego Probate Law be your trusted guides through the complexities of probate. Schedule a free consultation today and gain peace of mind knowing your legal matters are in capable hands.
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: “What forms are required to start probate?” Or any other related questions that you may have about Probate or my probate law practice.
Important Facts About San Diego Probate Law
| California Revocable Trust Lawyer |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Revocable Trust Lawyer California |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Revocable Trust Lawyer |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| San Diego Revocable Trust Lawyer |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Asset Protection Trust Lawyer San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Credible Revocable Trust Lawyer in San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |