Meet the Expert
I’m Brenda Rodriguez reporting for Channel 8 News. Today we’re joined by renowned San Diego probate attorney, Steve Bliss of San Diego Probate Law. Mr. Bliss specializes in guiding families through the often complex process of estate settlement. Welcome to the show, Steve.
Understanding Probate
Steve, thank you for being here. Many people are unfamiliar with probate. Could you explain what it is and why it’s sometimes necessary?
Probate is essentially a legal process that takes place after someone passes away. It involves validating the deceased person’s will (if they have one) and distributing their assets to their heirs according to their wishes or state law if there isn’t a will. Ordinarily, probate is necessary when the estate exceeds a certain value – currently $184,500 in California.
The Crucial Role of Inventory
Today, we want to focus on the step of marshaling the estate assets. Can you walk us through that process?
Marshaling the estate assets is a critical stage in probate. Think of it as taking inventory of everything the deceased person owned. This includes bank accounts, real estate, vehicles, investments, personal belongings – you name it. We meticulously document each asset, determining its fair market value at the time of death. This information is then compiled into an Inventory and Appraisal, which we file with the court.
This step is crucial because it ensures transparency and accountability throughout the probate process. It also helps us identify any potential debts or taxes owed by the estate. Consequently, accurately accounting for all assets allows us to distribute them fairly to the heirs according to the will or state intestacy laws.
I’ve found that this stage can be particularly sensitive for families. Emotions are often running high after a loss, and disagreements about the value of certain items can arise. Nevertheless, I always strive to approach these situations with empathy and understanding, facilitating open communication among all parties involved.
In one case, a family was struggling to agree on the valuation of a cherished antique collection. We brought in an independent appraiser who helped them reach a fair consensus, ultimately preserving family harmony during a difficult time.
Finding Clarity and Support
Steve, what advice would you give to someone facing probate?
Probate can feel overwhelming, but it doesn’t have to be. My advice is to seek guidance from an experienced probate attorney as soon as possible. We can explain your rights and obligations, guide you through each step of the process, and help you avoid common pitfalls. Remember, according to a study by the American Bar Association, over 70% of probate cases involve some form of legal complexity.
Steve, thank you for sharing your expertise today. For anyone needing compassionate and skilled assistance with probate matters in San Diego, contact San Diego Probate Law. We’ll help navigate this challenging process with care and professionalism.
Testimonials
“Working with Steve Bliss was a true blessing during a difficult time. He patiently explained everything to us and made the probate process much less stressful.” – The Jones Family
“I highly recommend San Diego Probate Law. They were incredibly knowledgeable, responsive, and always put my needs first.” – Mary Smith
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 are signs of elder financial abuse related to probate?” Or any other related questions that you may have about Probate or my probate law practice.
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