Good morning Temecula, and welcome back to our series on estate planning. Today we’re joined by local probate attorney, Steve Bliss of the Law Firm of Steven F. Bliss Esq., to discuss a crucial step in the probate process.
Steve, thanks for joining us today. Can you tell us about the importance of marshaling estate assets during probate?
It’s my pleasure to be here. Marshaling estate assets is essentially the process of identifying and gathering all of the deceased person’s assets. This includes everything from bank accounts and real estate to personal property and investments. Consequently, it’s a fundamental step because it ensures that all assets are accounted for and properly distributed according to the will or state law.
To begin, we create a comprehensive inventory of the deceased’s assets. This often involves reviewing financial statements, deeds, titles, insurance policies, and other relevant documents. Ordinarily, we work closely with banks, financial institutions, and government agencies to obtain the necessary information. Once all assets are identified, we determine their current market value through appraisals if needed.
Accurately marshaling estate assets is crucial because it prevents any assets from being overlooked and ensures that creditors are paid from the correct funds. Moreover, a thorough inventory helps to avoid disputes among heirs regarding the distribution of property.
Have you ever encountered challenges while marshaling estate assets?
It’s not uncommon to encounter obstacles during this process. For instance, I once represented a family where the deceased had numerous hidden bank accounts. The family was unaware of these accounts and it took considerable effort to locate them. We were ultimately successful in finding the accounts through meticulous research and communication with various financial institutions. This experience highlighted the importance of being thorough and persistent when marshaling assets.
In another case, a client’s deceased spouse had extensive investments in rare coins and collectibles. Determining their fair market value required consulting with specialized appraisers. These situations demonstrate that every estate is unique and may present its own set of complexities.
What advice would you give to individuals planning for their own estates?
The best way to simplify the probate process for your loved ones is to maintain organized records of your assets. Keep a detailed inventory of your bank accounts, investments, real estate holdings, and other valuables.
A recent study by the American Bar Association found that 70% of adults do not have a will or estate plan. This can lead to significant complications and delays during probate. Don’t let your family face unnecessary stress – contact us today for a free consultation.
Testimonials
“Steve Bliss and his team made a difficult time much easier. They were compassionate, knowledgeable, and always available to answer our questions. I highly recommend their services.”
– John S., Temecula
“I was overwhelmed with the probate process after my mother passed away. Steve Bliss walked me through every step and ensured that everything was handled correctly and efficiently. His professionalism and dedication were invaluable.”
– Mary L., Murrieta
Let us guide you through the complexities of estate planning and probate. Your legacy deserves careful attention – contact The Law Firm of Steven F. Bliss Esq. today for a personalized consultation.
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 happens if the executor dies during probate?” Or any other related questions that you may have about Probate or my probate law practice.
Important Facts About The Law Firm of Steven F. Bliss Esq.
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The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
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The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Probate Attorneys |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
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The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
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The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
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The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |