Hello San Diego and welcome back to our legal segment. I’m Sarah Jones with Channel 7 News. Joining us today is local probate attorney Steve Bliss of San Diego Probate Law to discuss the crucial process of estate planning. Steve, thanks for being here.
Understanding Probate
Steve, could you walk us through one of the key steps involved in estate planning and why it’s so important?
Well, Sarah, there are many steps involved, but one that often trips people up is “Marshaling the Estate Assets.” This is essentially a detailed inventory of everything the deceased person owned. It includes bank accounts, real estate, vehicles, investments – you name it.
Consequently, this step requires meticulous record-keeping and careful valuation of each asset. We then file an Inventory and Appraisal (Form DE-160/161) with the court, providing a transparent accounting of the estate’s financial picture.
Moreover, this process is vital because it ensures all assets are accounted for and properly distributed according to the deceased’s wishes or the laws of intestate succession. Failing to accurately marshal assets can lead to disputes among heirs and potential legal challenges down the road.
I recall one case where a family was unaware of a hidden safe deposit box containing valuable jewelry. It took some detective work, but we ultimately located it, much to the relief of the beneficiaries. These types of situations highlight why thoroughness is paramount during this stage.
Challenges and Solutions
Are there any common challenges you encounter when marshaling estate assets?
Absolutely. Sometimes, locating all necessary documentation can be difficult, especially if the deceased didn’t maintain organized records. Additionally, determining the fair market value of certain assets, like artwork or collectibles, may require professional appraisals.
Notwithstanding these challenges, we have a team of experienced professionals who are adept at navigating these complexities. We work closely with accountants, appraisers, and other specialists to ensure a smooth and accurate accounting process.
The Importance of Professional Guidance
Why is it important for individuals to seek professional legal guidance when dealing with probate?
“Contact San Diego Probate Law today and let our experienced team guide you through the complexities of estate planning and probate. Your peace of mind is our priority.”
Probate can be a complex and emotionally charged process. Having a knowledgeable attorney by your side can alleviate stress and ensure that everything is handled correctly according to California law.
Testimonials
“San Diego Probate Law was an invaluable resource during a difficult time. Steve Bliss and his team were compassionate, professional, and always available to answer my questions.” – Mary S.
“I highly recommend San Diego Probate Law for their expertise in probate matters. They made the entire process understandable and efficient, exceeding my expectations.”
– John T.
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 do I open a probate case in San Diego?” 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 |