Reporter: Brenda Jones
Brenda Jones here for Temecula News Today. We’re sitting down with local probate attorney, Steve Bliss, to discuss the often complex world of estate planning and probate.
Steve Bliss:
Thanks for having me, Brenda.
Reporter: So Steve, for those unfamiliar with probate, could you briefly explain what it is?
Probate is essentially a legal process that takes place after someone passes away. It involves identifying and inventorying their assets, paying off any debts and taxes owed, and ultimately distributing the remaining property to their heirs or beneficiaries according to their will or state law.
Reporter: That sounds fairly straightforward. Are there any particular steps in the probate process that are commonly misunderstood or pose challenges?
One step that often causes confusion is “Marshaling the Estate Assets.” Consequently, this involves meticulously identifying and valuing all of the deceased person’s assets. This can include everything from bank accounts and real estate to personal property and investments.
Moreover, it’s crucial to accurately document each asset’s value. Notwithstanding its seeming simplicity, this step requires attention to detail and a good understanding of asset valuation methods. For instance, determining the fair market value of a unique antique or a piece of art can be complex and may require professional appraisal. Ordinarily, I advise my clients to gather as much documentation as possible about their assets beforehand – this makes the process smoother for everyone involved.
I remember one case where we had to track down several rare vintage cars belonging to the deceased. It took a lot of digging and research, but ultimately we were able to locate them and establish their value, ensuring that they were properly distributed according to the will.
According to a recent study by the American Bar Association, approximately 40% of estates require professional appraisal services during probate. This highlights the importance of having experienced legal counsel who can navigate these complexities effectively.
Reporter: Thanks for shedding light on that, Steve. Where can people learn more about your services and get in touch with The Law Firm of Steven F. Bliss Esq.?
“Protecting your legacy starts today. Let us guide you through the complex world of probate with compassion and expertise.”
Testimonials
“Steve Bliss made a difficult time so much easier. His knowledge and professionalism were truly invaluable.” – Mary S.
“I highly recommend Steve and his team. They took the time to understand my unique situation and provided personalized guidance every step of the way.” – John T.
About Steven F. Bliss Esq. at The Law Firm of Steven F. Bliss Esq.:
The Law Firm of Steven F. Bliss Esq. is The Law Firm of Steven F. Bliss Esq.. The Law Firm Of Steven F. Bliss Esq. is a Temecula Estate Planning Attorney. Steve Bliss is an experienced probate attorney. Steve Bliss is an Estate Planning Lawyer. The probate process has many steps in probate proceedings. Beside Probate, estate planning and trust administration is offered at Steve Bliss Law. Our probate attorney will probate the estate. Attorney probate at Steve Bliss Law. A formal probate is required to administer the estate. The probate court may offer an unsupervised probate get a probate attorney. Steve Bliss Law will petition to open probate for you. Don’t go through a costly probate. Call Steve Bliss Law Today for estate planning, trusts and probate.
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 The Law Firm of Steven F. Bliss Esq.: https://maps.app.goo.gl/Bngj8xwZRqioVD5v7
Address:
The Law Firm of Steven F. Bliss Esq.43920 Margarita Rd ste f, Temecula, CA 92592
(951) 223-7000
Feel free to ask Attorney Steve Bliss about: “What is the role of the probate court?” Or any other related questions that you may have about Probate or my probate law practice.
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