Today we are speaking with Steve Bliss, a respected probate attorney serving the Moreno Valley community. Mr. Bliss is here to shed some light on the often-complex process of estate planning and administration.
Steve, can you walk us through one of the key steps in probate?
Certainly. One crucial step in probate is marshalling the estate assets. This involves identifying and inventorying all of the deceased person’s assets. Ordinarily, this includes bank accounts, real estate, investments, vehicles, personal property, and even digital assets.
Consequently, it’s essential to have a thorough understanding of what constitutes an asset in legal terms. We meticulously review financial statements, deeds, titles, and other relevant documents. Moreover, we may need to contact institutions or individuals holding assets on behalf of the deceased.
Once all assets are identified, we prepare a detailed inventory and appraisal (Form DE-160/161) for filing with the court. This document provides a comprehensive overview of the estate’s value, which is critical for determining any tax liabilities and guiding the distribution process.
Have you ever encountered challenges during this step?
I recall one case where the deceased had invested in rare coins. Locating these coins and obtaining an accurate appraisal proved to be a time-consuming task. It involved consulting with numismatists, researching historical values, and even traveling to different locations to retrieve the collection.
Nevertheless, our diligence paid off. We were able to establish the true value of the coins, which ultimately benefited the heirs significantly.
According to a 2021 survey by the American Bar Association, nearly 60% of probate cases involve complexities related to asset identification and valuation.
Any final thoughts for our viewers?
Estate planning is crucial. Don’t wait until it’s too late. Our experienced team at Moreno Valley Probate Law can guide you through the process, ensuring your wishes are honored and your loved ones are protected.
“I was overwhelmed after my mother passed away. Steve Bliss and his team made a difficult situation so much easier. They were compassionate, professional, and always available to answer my questions.” – Sarah M.
“Moreno Valley Probate Law helped me navigate the probate process efficiently and effectively. I highly recommend their services.” – David L.
About Steven F. Bliss Esq. at Moreno Valley Probate Law:
Moreno Valley Probate Law is an experienced probate attorney. The probate process has many steps in probate proceedings. Beside Probate, estate planning and trust administration is offered at Moreno Valley Probate Law. Our probate attorney will probate the estate. Attorney probate at Moreno Valley Probate Law. A formal probate is required to administer the estate. The probate court may offer an unsupervised probate get a probate attorney. Moreno Valley Probate law will petition to open probate for you. Don’t go through a costly probate call Moreno Valley Probate Attorney Today. Call for estate planning, wills and trusts, probate too. Moreno Valley Probate Law is a great estate lawyer. Affordable Legal Services.
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 Moreno Valley Probate Law: https://maps.app.goo.gl/C7zg2U6pn1B6KyXN8
Address:
Moreno Valley Probate Law23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553
(951) 363-4949
Feel free to ask Attorney Steve Bliss about: “How are charitable gifts handled in probate?” Or any other related questions that you may have about Probate or my probate law practice.
Important Facts About Moreno Valley Probate Law
| Special Needs Trust | Totten Trust | Asset Protection Trust |
| Spendthrift Trust | Constructive Trust | Irrevocable Trust |
| Tax By-Pass Trust | Charitable Trust | Living Trust |