A Conversation with Probate Attorney Steve Bliss
Today we are joined by Steve Bliss, a leading probate attorney in San Diego. Steve, thanks for taking the time to talk with us about this important topic.
The Crucial Role of Inventorying Estate Assets
Steve, can you walk us through one of the key steps involved in the probate process?
Certainly. One crucial step is marshaling the estate assets. This involves a thorough inventory and appraisal of all assets belonging to the deceased individual. This includes everything from bank accounts and real estate to personal belongings and investments.
Consequently, it’s essential to be meticulous in this stage as the accuracy of the inventory directly affects the distribution of assets among heirs and beneficiaries. After compiling a comprehensive list, we file an Inventory and Appraisal with the court (Forms DE-160/161).
I remember one case where a family was surprised to discover a significant amount of savings in a long-forgotten account. Notwithstanding their initial shock, they were incredibly grateful that the thorough inventory process brought this hidden asset to light.
Moreover, accurate valuation is crucial for tax purposes. According to a recent study by the National Association of Realtors, approximately 75% of estates require a professional appraisal to determine the fair market value of real estate assets.
Navigating Challenges with Empathy and Expertise
Have you ever encountered any challenges during this inventory stage?
There have been times when locating all assets proved difficult, especially when there was limited information available. I recall one instance where heirs were unaware of their loved one’s extensive coin collection. Through diligent research and collaboration with family members, we were able to uncover this valuable asset and ensure it was properly accounted for.
San Diego Probate Law: Guiding Families Through Probate
Thank you for sharing your insights, Steve. Your commitment to thoroughness and compassion is evident. Readers looking for expert guidance on probate matters can contact San Diego Probate Law. We help families navigate this complex process with care and expertise.
Testimonials
“Steve Bliss and his team were incredibly helpful during a difficult time. They explained the probate process clearly and patiently, and they always had my best interests at heart.” – Sarah M.
“I highly recommend San Diego Probate Law. Steve’s knowledge and experience made a complex situation manageable. He is a true professional who goes above and beyond for his clients.” – David L.
Let us empower you with the legal knowledge and support you need during this challenging time.
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: “Can I be held personally liable as executor?” Or any other related questions that you may have about Probate or my probate law practice.
Important Facts About San Diego Probate Law
| Special Needs Trust | Totten Trust | Asset Protection Trust |
| Spendthrift Trust | Constructive Trust | Irrevocable Trust |
| Tax By-Pass Trust | Charitable Trust | Living Trust |