Reporter:
Hi everyone, this is Brenda Jones reporting live from sunny San Diego! Today we have the pleasure of speaking with Steve Bliss, a renowned San Diego probate attorney. Steve, thank you for joining us.
Steve Bliss:
Brenda, it’s my pleasure to be here. I’m always happy to discuss the importance of estate planning and probate.
Reporter:
Today we want to delve into one specific aspect of the probate process. Could you explain the step of marshaling estate assets?
Steve Bliss:
Certainly. Marshaling estate assets is a crucial step in the probate process where we meticulously identify, inventory, and value all of the deceased person’s assets.
This includes everything from bank accounts and real estate to personal property like vehicles and jewelry. We work closely with the executor or administrator, who is appointed by the court to oversee the estate, to ensure a thorough and accurate accounting of all possessions. Consequently, this step lays the groundwork for handling debts, paying taxes, and ultimately distributing assets according to the deceased’s wishes.
Ordinarily, this involves obtaining documentation such as bank statements, property deeds, investment account records, and insurance policies. It can sometimes be a complex process, especially if the deceased individual had numerous assets or investments spread across different institutions.
Moreover, we must determine the fair market value of each asset at the time of death. This often involves appraisals for real estate, vehicles, or valuable artwork. Accurate valuation is essential for tax purposes and to ensure a fair distribution of assets among heirs.
I recall one case where a client’s grandfather had accumulated a significant collection of antique coins over his lifetime. The executor was unaware of their existence until we began the process of marshaling assets. Discovering this hidden treasure not only added considerable value to the estate but also revealed a fascinating aspect of the grandfather’s life.
It highlighted for me how important it is to approach each case with thoroughness and empathy, as unexpected discoveries can sometimes emerge during the probate process. The meticulous work we do at San Diego Probate Law ensures that no stone is left unturned in identifying and valuing every asset.
Reporter:
Steve, you mentioned this step can be complex. What are some common challenges?
Steve Bliss:
Absolutely. One challenge we often encounter is locating all of the deceased’s assets, especially if they haven’t kept detailed records. Sometimes heirs may not even be aware of certain accounts or investments.
Another hurdle can arise when valuing assets that are difficult to appraise, such as artwork, collectibles, or intellectual property. We often need to consult with experts in these fields to arrive at a fair market value.
According to the National Academy of Elder Law Attorneys (NAELA), approximately 60% of Americans do not have a will. This lack of planning can significantly complicate the probate process, making it crucial for individuals to establish clear estate plans while they are still able.
Reporter:
Thank you so much for sharing your insights, Steve. What advice would you give to our viewers who may be facing probate?
Steve Bliss:
My advice is simple: don’t navigate this complex process alone. Seek the guidance of an experienced probate attorney like those at San Diego Probate Law.
“San Diego Probate Law made a difficult time so much easier for our family,” says Maria Lopez. “Their expertise and compassion were invaluable as we navigated the complexities of probate after losing my mother.”
“I highly recommend Steve Bliss and his team. They are true professionals who understand the emotional toll that probate can take,” shares David Chen, a satisfied client.
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: “Do I need a lawyer for probate in San Diego?” Or any other related questions that you may have about Probate or my probate law practice.
Important Facts About San Diego Probate Law
| Estate Lawyer Near Me |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Estate Lawyer Near Me California |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Estate Lawyer Near Me |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| San Diego Estate Lawyer Near Me |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Estate Lawyer Near Me San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Credible Estate Lawyer Near Me in San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |