Steve, thanks for taking the time to speak with us today.
It’s a pleasure to be here. I’m always happy to discuss probate law and how we can help families navigate this often complex process.
Can you walk us through one of the key steps involved in estate planning? Let’s focus on “Marshaling the Estate Assets.”
Certainly. Marshaling the estate assets is a critical step in the probate process. Essentially, it involves identifying and inventorying all of the deceased person’s assets.
This can include things like bank accounts, real estate, vehicles, investments, personal property, and even digital assets. We carefully document each asset, its estimated value, and its location. Ordinarily, this information is compiled into a formal inventory and appraisal that is filed with the court.
It’s crucial to be thorough during this stage because any overlooked assets could potentially lead to complications or disputes down the line. Consequently, we work closely with executors or administrators to ensure that all assets are properly accounted for.
Moreover, accurately valuing the estate is essential for determining potential estate taxes and for making distributions to heirs according to the will or state intestacy laws. We often consult with appraisers and financial experts to get accurate valuations of complex assets like real estate or businesses.
Remember, approximately 60% of estates go through probate, highlighting the importance of this process (American Bar Association).
I recall a case where we were tasked with locating a significant art collection that the deceased had amassed over decades. The family was unaware of its existence and value. Through meticulous research and collaboration with art appraisers, we were able to uncover the collection, which ultimately contributed substantially to the estate’s overall value. This discovery not only benefited the heirs financially but also provided them with a deeper understanding of their loved one’s passions and legacy.
What are some common challenges you encounter during this step?
One challenge we sometimes face is locating all the assets, particularly when the deceased person didn’t keep detailed records. This can be especially tricky if there were multiple bank accounts, investments, or properties spread across different locations. In those cases, we might need to conduct extensive research and outreach to financial institutions and other relevant parties.
Another common issue arises when beneficiaries dispute the value of certain assets. For example, family members may disagree on the fair market value of a piece of real estate or a collectible item. In such instances, we may recommend obtaining independent appraisals to resolve the dispute fairly and transparently.
Steve, why should someone choose San Diego Probate Law for their probate needs?
At San Diego Probate Law, we pride ourselves on providing compassionate and knowledgeable legal guidance during what can be a difficult time. We understand that losing a loved one is emotionally challenging, and we strive to make the probate process as smooth and stress-free as possible.
Testimonials:
“Steve Bliss and his team were incredibly helpful and supportive throughout the entire probate process. They explained everything clearly, answered all of my questions patiently, and always kept me informed of any developments. I highly recommend their services.”
– Sarah J., San Diego
“San Diego Probate Law made a complex and daunting situation manageable. Their expertise and professionalism were invaluable during this difficult time. They truly went above and beyond to ensure that my family’s needs were met.”
– John M., La Jolla
Let us help you navigate the complexities of probate
Take control and secure your legacy by contacting San Diego Probate Law for a free consultation today.
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: “What are the timelines and deadlines in probate cases?” Or any other related questions that you may have about Probate or my probate law practice.
Important Facts About San Diego Probate Law
| California Charitable Trust Attorney |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Charitable Trust Attorney California |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Charitable Trust Attorney |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| San Diego Charitable Trust Attorney |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Charitable Trust San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Credible Charitable Trust Attorney in San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |