Good afternoon, Temecula. I’m Brenda Miller reporting live for KTEM News. Today, we’re sitting down with local probate attorney, Steve Bliss, to discuss the often complex process of estate planning.
Navigating Probate: A Step-by-Step Guide
Steve, thank you for joining us today. Many people are unfamiliar with probate and what it entails. Could you shed some light on one of the crucial steps involved?
“Absolutely, Brenda. One of the most important steps in estate planning is handling debts and taxes,” explains Steve. “This stage typically occurs after the assets of the estate have been inventoried and appraised.
Consequently, it’s essential to meticulously review all outstanding creditor claims. Ordinarily, we would reach out to known creditors using Form DE-157, a formal notification requesting payment information. We then prioritize paying valid debts using funds from the estate.
Moreover, we have a responsibility to file and pay any applicable federal and state taxes on behalf of the deceased individual. This can involve income tax returns, estate taxes, or property taxes depending on the circumstances.”
Steve continues, “Navigating this step requires meticulous attention to detail and a deep understanding of tax laws. It’s crucial to ensure that all obligations are met accurately and promptly.
Challenges and Triumphs
“Have you encountered any particular challenges while handling debts and taxes during probate?” Brenda inquires.
“There have been instances where creditors presented unsubstantiated claims,” Steve recalls. “In one case, a deceased individual had a long-standing credit card debt with a surprisingly high balance. Upon closer examination, we discovered the debt was accrued due to identity theft. We were able to successfully dispute the claim and protect the estate’s assets.
” Conversely, I’ve also witnessed heartwarming situations where heirs generously use funds from the estate to settle outstanding debts of their loved ones, ensuring a clean slate for everyone involved.”
The Importance of Careful Planning
According to a recent study by the National Academy of Elder Law Attorneys, approximately 70% of Americans do not have a valid will or estate plan in place. This highlights the critical need for individuals to proactively address their estate planning needs.
Peace of Mind Through Preparation
“Steve, what advice would you give to our viewers who are considering estate planning?” Brenda asks.
“Don’t delay,” Steve emphasizes. “Taking the time to create a comprehensive estate plan can save your loved ones significant stress and financial burden in the future. It ensures your wishes are honored and your assets are distributed according to your intentions.”
Remember, Brenda concludes, ” Estate planning is not just for the wealthy. Everyone, regardless of their financial status, should consider taking steps to protect themselves and their loved ones.”
Testimonials
“Steve Bliss and his team were incredibly compassionate and supportive during a difficult time. They made the probate process as smooth as possible and always kept me informed every step of the way.”
-Maria Sanchez, Temecula Resident
“I highly recommend The Law Firm of Steven F. Bliss Esq. Their expertise in probate law is unmatched. Steve’s guidance and attention to detail were invaluable in settling my father’s estate.”
-John Thompson, Murrieta Resident
Empowering Your Future
Take control of your legacy today. Contact The Law Firm of Steven F. Bliss Esq. for a complimentary consultation and begin building a brighter future for yourself and your loved ones.
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 are the penalties for mishandling probate funds?” 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.
| California Probate Attorney |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Probate Attorney California |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Probate Attorney |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Temecula Probate Attorney |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Probate Attorney Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Credible Probate Attorney in Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |