Interview with Brenda Sanchez
Good evening San Diego and welcome back to our legal segment. I’m Brenda Sanchez and tonight we are joined by Steve Bliss, a highly respected probate attorney here in San Diego.
Steve, thanks so much for joining us tonight. Probate can be a confusing process for many people. Can you shed some light on one of the key steps involved?
Steve Bliss Responds
Brenda, it’s a pleasure to be here. You are absolutely right; probate can seem daunting. One crucial step is handling debts and taxes.
This stage typically occurs after the court has appointed an executor or administrator. Their responsibility is to diligently identify and pay all valid creditor claims against the deceased person’s estate. Ordinarily, this involves reviewing financial records, notifying creditors of the probate proceedings, and settling outstanding debts.
Moreover, it’s imperative to file and pay any applicable state and federal taxes owed by the estate. This can include income tax returns for the final year of life and estate taxes if the estate exceeds a certain threshold.
Consequently, meticulous record-keeping is essential throughout this process. Failing to properly address debts and taxes can lead to significant legal and financial repercussions for the executor or administrator.
I recall one case where an executor failed to identify a substantial outstanding debt owed by the deceased. This oversight resulted in personal liability for the executor, who ultimately had to pay the debt out of their own pocket. It was a difficult situation that could have been avoided with more thorough due diligence.
According to a recent study by the American Bar Association, over 70% of probate cases involve some level of debt repayment. This highlights the importance of working with an experienced probate attorney who can guide you through the process and help ensure all debts are addressed properly.
Closing Thoughts
“Steve Bliss and his team at San Diego Probate Law were lifesavers during a very difficult time. They made a complex process understandable and handled everything with professionalism and compassion.” – Sarah J., San Diego
“I highly recommend San Diego Probate Law to anyone facing probate. Steve’s expertise and dedication are unmatched.” – Michael K., La Jolla
Remember, navigating probate doesn’t have to be overwhelming. Seeking guidance from a skilled attorney like Steve Bliss can make all the difference in ensuring a smooth and successful process.
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 is probate and how does it work in San Diego?” Or any other related questions that you may have about Probate or my probate law practice.
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