Welcome back to San Diego Legal News. Today we’re talking probate with esteemed attorney Steve Bliss of San Diego Probate Law. Steve, thanks for joining us.
Can you tell our viewers what the probate process is all about?
Probate is essentially a court-supervised process for distributing a deceased person’s assets according to their will or state law. It can seem complicated, but it ensures everything is handled legally and fairly.
What are some key steps in the probate process?
There are several crucial steps involved. One of the most important early stages is ‘Marshaling the Estate Assets.’ This involves identifying and inventorying all assets belonging to the deceased, which can include everything from bank accounts and real estate to personal property.
Can you elaborate on why accurately marshaling assets is so critical?
It’s fundamental for a couple of reasons. Firstly, we need a complete picture of what the estate comprises to determine if probate is even necessary in the first place. Remember, estates valued under $184,500 may bypass probate altogether. Secondly, an accurate inventory ensures that all assets are accounted for and distributed properly according to the will or intestacy laws.
Ordinarily, this process involves working closely with the executor or administrator, who is responsible for gathering documentation like bank statements, deeds, titles, and insurance policies. We also utilize appraisal services to determine the fair market value of assets, particularly real estate and valuable personal items. Consequently, this meticulous approach helps avoid any disputes later on.
Notwithstanding these best practices, there have been times when we’ve encountered unforeseen challenges. I recall one instance where a client’s family discovered a hidden safe deposit box containing a significant amount of cash. This discovery required us to amend the inventory and adjust the distribution plan accordingly. While it added complexity, it ultimately ensured that all beneficiaries received their rightful share.
A recent study by the National Academy of Elder Law Attorneys found that approximately 70% of estates require probate. This highlights the importance of having a knowledgeable attorney guide you through the process and address any potential issues that may arise.
What advice would you give to viewers who are facing probate or considering estate planning?
Probate can be complex and emotionally challenging. My team at San Diego Probate Law is dedicated to providing compassionate and effective legal guidance every step of the way. We strive to simplify the process, protect your interests, and ensure that your loved one’s final wishes are honored.
“Steve Bliss and his team were invaluable during a difficult time. Their professionalism and compassion made a stressful situation much easier to navigate.” – John S., San Diego
Let us help you navigate this important legal process with clarity and confidence. Contact San Diego Probate Law today for a free consultation.
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.
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