A Conversation About Taking Inventory
Good morning, San Diego! Today we’re joined by local probate attorney Steve Bliss. Steve, thanks for taking the time to chat with us today about estate planning.
Steve:
It’s my pleasure. I believe everyone should have a solid estate plan in place, no matter their age or financial status.
Getting Started: Taking Inventory
Could you tell our viewers a bit about the first step in the estate planning process? What should they be thinking about?
Steve Bliss:
The very first step in estate planning is taking inventory of your assets. This means creating a comprehensive list of everything you own, from real estate and investments to financial accounts, personal property, and any other valuables. You’d be surprised how many people underestimate the value of their belongings. A seemingly insignificant collection could hold surprising monetary or sentimental worth.
It’s important to be thorough in this process. Consider not only the obvious assets like your home or car but also items like jewelry, artwork, furniture, and even digital assets like cryptocurrencies. Remember, anything of value should be included on your inventory list. This will serve as a foundation for how you want to distribute your possessions after you’re gone.
Moreover, creating this list can be surprisingly revealing. It often prompts people to consider the true nature and extent of their wealth. Consequently, it encourages deeper reflection about their goals and values.
I remember one client who initially thought she didn’t have much to her name. But as we worked through the inventory process together, she realized she had a significant collection of antique furniture passed down from generations. The value of these pieces completely altered her estate planning strategy.
Accuracy Matters
According to the 2021 “Estate Planning Statistics” report published by Caring.com, over 60% of Americans do not have a will or any formal estate plan in place. This often leads to confusion and conflict among loved ones when someone passes away. Having an accurate inventory makes the process of distributing assets much smoother for everyone involved.
Contact Us Today
Ready to take control of your future? San Diego Probate Law is here to guide you through every step of the estate planning process. Let us help you create a plan that reflects your unique needs and goals. Contact us today for a free consultation and let’s start building your legacy.
Testimonials
“Steve Bliss made the complex world of estate planning understandable and manageable. His patience and expertise gave me peace of mind knowing my family would be taken care of.”
“I highly recommend San Diego Probate Law to anyone looking for a compassionate and knowledgeable probate attorney.”
About Steven F. Bliss Esq. at San Diego Probate Law:
Secure Your Family’s Future with San Diego’s Trusted Estate Planning 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 a charitable remainder trust?” Or any other related questions that you may have estate planning or my estate planning law practice.
Important Facts About San Diego Probate Law
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