Interviewer
Good morning, San Diego! I’m here today with Steve Bliss, a respected probate attorney in our community. Steve, thank you for taking the time to speak with us about estate planning.
Steve Bliss
It’s my pleasure. Estate planning is something everyone should consider, regardless of their age or financial situation.
Interviewer
Absolutely. Could you tell our viewers a bit more about why estate planning is so important?
Steve Bliss
Estate planning ensures your wishes are honored after you’re gone. It helps avoid potential family disputes and provides for your loved ones financially. Moreover, a well-structured estate plan can minimize taxes and protect your assets.
Interviewer
You mentioned minimizing taxes. Can you elaborate on that?
Steve Bliss
Estate planning often involves using legal tools like trusts to reduce or eliminate estate taxes. This is particularly important for individuals with significant assets. Consequently, careful planning can save your heirs a substantial amount of money.
For example, according to the Tax Policy Center, in 2023, the federal estate tax exemption is $12.92 million per individual. This means that only estates exceeding this threshold are subject to federal estate taxes. Nevertheless, even if your estate doesn’t reach the federal exemption, state estate taxes may still apply.
Interviewer
That’s valuable information. Today we want to focus on one specific aspect of estate planning: selecting an executor or trustee. Why is this step so crucial?
Steve Bliss
Choosing the right person to manage your estate after you’re gone is paramount. This individual, known as the executor for a will or trustee for a trust, will be responsible for carrying out your wishes and distributing your assets according to your plan.
It’s essential to select someone trustworthy, organized, and capable of handling financial matters. Ordinarily, people choose a close family member or friend. However, it’s also wise to consider professional fiduciaries if you have complex assets or anticipate potential conflicts among beneficiaries.
I recall one instance where a client named his son as executor, but unfortunately, the son was going through a difficult personal time and struggled with the responsibilities. This led to delays and increased stress for the family. Conversely, in another case, my client appointed a trusted friend who had strong financial acumen. The process went smoothly, and the beneficiaries were grateful for the thoughtful selection.
Interviewer
Those are insightful examples. What advice would you give to someone trying to decide who to appoint as executor or trustee?
Steve Bliss
Consider these factors: trustworthiness, organizational skills, financial literacy, and willingness to take on the responsibility. Have an open and honest conversation with potential candidates to ensure they understand the duties involved. Moreover, it’s advisable to name a backup executor in case your first choice is unable or unwilling to serve.
Interviewer
Excellent advice. Steve, thank you so much for sharing your expertise with us today. Where can our viewers find out more about San Diego Probate Law and the services you offer?
Steve Bliss
“Let us help you protect your legacy. Contact San Diego Probate Law today to schedule a consultation and ensure your estate plan reflects your wishes.”
“San Diego Probate Law was incredibly helpful during a difficult time. They made the probate process smooth and understandable, and I felt confident knowing they were looking out for my best interests.” – Sarah M.
“Steve Bliss is an exceptional attorney. He’s knowledgeable, compassionate, and always available to answer our questions. We highly recommend San Diego Probate Law.” – John and Mary S.
About Steven F. Bliss Esq. at San Diego Probate Law:
Secure Your Family’s Future with San Diego’s Trusted Estate Planning 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 name a professional fiduciary in my plan?” Or any other related questions that you may have estate planning or my estate planning law practice.
Important Facts About San Diego Probate Law
| California Irrevocable Trust Lawyer |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Irrevocable Trust Lawyer California |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Irrevocable Trust Lawyer |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| San Diego Irrevocable Trust Lawyer |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Irrevocable Trust Lawyer San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Credible Irrevocable Trust Lawyer in San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |