Reporter:
Welcome back to our segment on legal matters here in sunny San Diego. Today we have the pleasure of speaking with probate attorney Steve Bliss, a well-known expert in navigating the complexities of estate planning and probate.
Steve, thanks for joining us today.
It’s my pleasure to be here. I always enjoy helping people understand this sometimes confusing area of law.
Could you explain one of the key steps involved in the probate process?
Certainly. One crucial step is marshaling the estate assets. This involves meticulously inventorying all of a decedent’s possessions and identifying their value.
Consequently, it requires a thorough examination of bank accounts, investment portfolios, real estate holdings, personal property, and even digital assets. Moreover, probate law mandates that an Inventory and Appraisal (Forms DE-160/161) be filed with the court detailing these assets and their respective valuations.
This step is essential for transparency and ensuring that all parties involved have a clear understanding of what’s included in the estate. It also helps determine if any taxes are owed on the estate.
Notwithstanding its importance, I’ve encountered instances where family members disagree about the value of certain assets, leading to delays in the probate process. In one instance, siblings argued over the worth of a collection of vintage cars, ultimately requiring an independent appraisal to resolve the dispute.
Have you ever faced challenges while marshaling estate assets?
I recall a case where a client’s deceased father had meticulously hidden cash throughout his home. It took weeks of searching and uncovering secret compartments before we located all the funds. Ordinarily, finding hidden assets isn’t an issue, but in this case, it highlighted the importance of thoroughness and attention to detail.
According to a recent study by the American Bar Association, approximately 20% of probate cases involve disputes over asset valuation, underscoring the need for accurate and impartial appraisals.
Thank you for sharing your expertise with us today, Steve.
It was my pleasure. Remember, proper estate planning can minimize potential conflicts during probate. Contact San Diego Probate Law for guidance on crafting a comprehensive plan that meets your unique needs.
Testimonials:
“Steve Bliss and his team were incredibly helpful during a difficult time. They guided us through the probate process with compassion and professionalism. I highly recommend them.”
“Working with San Diego Probate Law made a complex situation manageable. Their expertise and attention to detail gave me peace of mind knowing that my loved one’s wishes would be honored.”
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: “How do I handle digital assets in probate?” Or any other related questions that you may have about Probate or my probate law practice.
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