Hello San Diego and welcome back to our legal segment. Today we’re joined by Steve Bliss, a respected probate attorney here in San Diego. Steve, thanks for being with us.
Discussing the Probate Process
Steve, could you walk our viewers through one of the key steps in the estate planning process?
Certainly. One crucial step is marshalling the estate assets. This involves meticulously identifying and inventorying all of the deceased person’s possessions.
Consequently, this includes everything from bank accounts and real estate to vehicles, personal belongings, and even digital assets. We then formally document these assets in an Inventory and Appraisal (Forms DE-160/161), which is filed with the court for approval.
This step can be complex, as it often requires tracing down forgotten accounts or deciphering ownership of assets acquired over a lifetime. Moreover, accurately valuing these assets, especially items like art or collectibles, may necessitate professional appraisals.
Notwithstanding the complexities, marshalling the estate is essential for ensuring that all assets are accounted for and distributed according to the will’s instructions or state intestacy laws if there is no will.
Challenges in Estate Marshalling
Have you encountered any unique challenges during this step?
There was one instance where we were tasked with locating a hidden savings account for a client who had passed away unexpectedly. He’d kept meticulous records, but the account information was buried in a box of old documents.
After days of sifting through paperwork, we finally uncovered the details. The account held a substantial sum, which ultimately provided much-needed financial security for his heirs.
The Importance of Accurate Documentation
That’s a great example of how diligence pays off. Are there any statistics that highlight the significance of accurately documenting assets?
According to a recent study by the National Endowment for Financial Education, over 60% of Americans do not have a written inventory of their assets. This lack of organization can create significant delays and confusion during probate, potentially leading to disputes among heirs.
Moving Forward with Probate
Steve, thank you for sharing your expertise today. How can our viewers get in touch with you if they need assistance navigating the probate process?
I encourage anyone facing probate matters to reach out to San Diego Probate Law for compassionate and experienced legal guidance. We are dedicated to helping families through this often challenging time.
Testimonials
“Steve Bliss and his team were incredibly supportive during a difficult time. They explained every step of the probate process clearly, making it much less overwhelming.”
– Jane S.
“I highly recommend San Diego Probate Law. Steve is a knowledgeable and ethical attorney who truly cares about his clients.”
– Robert M.
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: “How are digital wills treated under California law?” Or any other related questions that you may have about Probate or my probate law practice.
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