Interviewer
Hello San Diego and welcome back to our legal segment. Today we’re talking about something many of us put off thinking about: Estate Planning. To help us navigate this often complex process, I’m joined by Steve Bliss, a seasoned probate attorney right here in San Diego. Steve, thanks for joining us.
Steve Bliss
It’s my pleasure to be here. Estate planning can seem daunting, but understanding the basics is crucial for protecting your loved ones and ensuring your wishes are honored.
Interviewer
Absolutely. Let’s dive into one of the key steps in this process. Can you walk us through what happens during the “Handle Debts and Taxes” phase?
Steve Bliss
Certainly. This stage is critical for settling the deceased’s financial affairs. Ordinarily, it begins with identifying all valid creditor claims against the estate. This involves reviewing bills, statements, and any outstanding debts. Once these are identified, we prioritize paying them off according to legal precedence.
Moreover, this phase also includes addressing any tax liabilities incurred by the deceased. This can involve federal estate taxes, as well as state-level inheritance or property taxes. It’s essential to file accurate and timely tax returns to avoid penalties or complications down the line.
The executor, appointed during probate proceedings, is responsible for overseeing this process. They work closely with me and other professionals like accountants to ensure all debts are settled and taxes are paid correctly.
I recall a case where we uncovered a significant, previously unknown debt owed by the deceased. It was a complex situation involving a business loan that had fallen into default. Through careful investigation and negotiation, we were able to settle the debt for a fraction of its original amount, saving the estate considerable funds.
According to a 2022 study by the National Council on Aging, over 60% of seniors lack adequate estate planning. This underscores the importance of taking proactive steps and seeking expert guidance to ensure a smooth and efficient probate process.
Interviewer
That’s incredibly valuable insight, Steve. Thank you for sharing your expertise with us. How can our viewers learn more about San Diego Probate Law and the services you offer?
Steve Bliss
Visit our website at [Insert Website Address Here], give us a call at [Insert Phone Number], or simply stop by our office for a free consultation. We’re dedicated to guiding individuals and families through every step of the probate process with compassion and expertise.
Testimonials:
“Steve Bliss was a godsend during a very difficult time. He patiently explained everything, kept me informed every step of the way, and made sure my family was protected.”
– Mary T., San Diego
“I highly recommend Steve Bliss and his team. They are knowledgeable, responsive, and truly care about their clients. Probate can be overwhelming, but they made the process as smooth as possible.”
– John S., La Jolla
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: “Can life insurance proceeds be subject to probate?” Or any other related questions that you may have about Probate or my probate law practice.
Important Facts About San Diego Probate Law
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