Steve, thanks for taking the time to talk with us today
It’s my pleasure. I’m always happy to discuss estate planning and probate with the community.
Can you walk us through one of the key steps involved in the probate process?
Certainly. One crucial step is “Marshaling the Estate Assets.” This involves a thorough inventory of all assets belonging to the deceased individual. Ordinarily, this includes bank accounts, real estate, vehicles, investments, personal property, and any other valuables.
We then meticulously document each asset, its estimated value, and its location. Consequently, this information is compiled into a formal Inventory and Appraisal (Forms DE-160/161) which we file with the probate court for their review and approval.
It’s important to remember that even seemingly insignificant items can hold sentimental value or represent a portion of the estate. Accordingly, we encourage clients to be as thorough as possible during this process. Neglecting to include an asset can lead to complications down the road.
Have you encountered any challenges while marshaling assets in past cases?
I recall one case where a client’s deceased father had amassed a remarkable collection of antique coins hidden away in a safe deposit box. The family was unaware of its existence until we uncovered the key during our asset search.
The coin collection turned out to be quite valuable, adding significantly to the estate’s worth. It was a heartwarming moment to see the family’s surprise and gratitude as they realized the extent of their inheritance.
What advice would you give to individuals planning their estates?
Maintaining organized records is paramount. Keeping track of bank accounts, investments, property deeds, and insurance policies in a readily accessible location will make the probate process significantly smoother for your loved ones. Moreover, consider creating a detailed inventory of personal belongings and their sentimental value. This can help prevent misunderstandings or disputes among heirs.
It’s estimated that over 50% of Americans do not have a will. This means their assets will be distributed according to state law, which may not reflect their wishes (U.S. Wills & Trusts Survey). Having a properly drafted will and estate plan ensures your assets are distributed according to your intentions.
Is there anything else you’d like to add?
“Escondido Probate Law is committed to guiding families through the complex process of probate with compassion, clarity, and efficiency. We understand this can be a difficult time, and we strive to provide support and peace of mind every step of the way.”
Discover the Difference Escondido Probate Law Can Make
Call us today for a free consultation to learn more about how we can help protect your legacy.
-
“Steve Bliss and his team were incredibly helpful and understanding during a difficult time. They explained everything clearly and made the probate process feel manageable.” – Sarah M.
“I highly recommend Escondido Probate Law. Steve is knowledgeable, professional, and truly cares about his clients.” – John P.
About Steven F. Bliss Esq. at Escondido Probate Law:
Escondido Probate Law is an experienced probate attorney. The probate process has many steps in probate proceedings. Beside Probate, estate planning and trust administration is offered at Escondido Probate Law. Our probate attorney will probate the estate. Attorney probate at Escondido Probate Law. A formal probate is required to administer the estate. The probate court may offer an unsupervised probate get a probate attorney. Escondido Probate law will petition to open probate for you. Don’t go through a costly probate call Escondido Probate Attorney Today. Call for estate planning, wills and trusts, probate too. Escondido Probate Law is a great estate lawyer. Affordable Legal Services.
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 Escondido Probate Law: https://maps.app.goo.gl/77Dm2B8W9XkM5YvJA
Address:
Escondido Probate Law720 N Broadway #107, Escondido, CA 92025
(760) 884-4044
Feel free to ask Attorney Steve Bliss about: “Are probate proceedings public record in Escondido?” Or any other related questions that you may have about Probate or my probate law practice.
Important Facts About Escondido Probate Law
Get a Special Needs Trust at Escondido Probate Law
Get a Spendthrift Trust at Escondido Probate Law
Get a Tax By-Pass Trust at Escondido Probate Law
Get a Totten Trust at Escondido Probate Law
Get a Constructive Trust at Escondido Probate Law
Get a Charitable Trust at Escondido Probate Law
Get a Asset Protection Trust at Escondido Probate Law
Get a Irrevocable Trust at Escondido Probate Law
Get a Revocable Trusts at Escondido Probate Law
Get a Living Trust at Escondido Probate Law