Reporter: Jessica Ramirez
Today I’m speaking with Steve Bliss, a respected probate attorney here in Moreno Valley. Mr. Bliss, thank you for taking the time to speak with me today about the estate planning process.
Steve Bliss
It’s my pleasure, Jessica. Estate planning can seem daunting, but understanding the key steps involved makes it much more manageable.
Reporter: Can you walk us through one of those crucial steps? Perhaps something people might not realize is so important?
Certainly. One step that often causes confusion is “Marshaling the Estate Assets.” This involves identifying and inventorying all of the deceased person’s assets – everything from bank accounts and real estate to personal belongings.
It sounds straightforward, but it can be surprisingly complex. Consequently, you need to thoroughly review financial statements, deeds, titles, and other documents to ensure a complete picture.
Moreover, valuing each asset accurately is crucial for tax purposes and fair distribution among heirs. A common misconception is that only large, tangible assets matter. However, even seemingly insignificant items can add up.
I recall one case where a client was surprised to discover a significant sum in a forgotten savings account. Notwithstanding the modest size of the estate overall, finding this hidden asset made a real difference for the beneficiaries.
According to the National Association of Realtors, approximately 30% of homeowners underestimate the value of their property.
This highlights the importance of working with experienced professionals who can accurately assess asset values and guide you through the process.
Reporter: Have you ever encountered any challenges while marshaling estate assets?
Yes, there have been instances where locating assets proved difficult. For example, I had a case where the deceased person had numerous investment accounts spread across different institutions. It required meticulous record-keeping and communication with various financial entities to gather all the necessary information.
Another challenge arises when heirs disagree about the value of certain assets. In those situations, appraisals from independent professionals may be necessary to reach a fair resolution.
Reporter: What advice would you give to someone going through this process?
My best advice is to seek guidance from a qualified probate attorney early on. We can help you navigate the complexities of asset identification and valuation, ensuring that everything is handled correctly and efficiently.
Remember, proper estate planning not only protects your assets but also brings peace of mind to you and your loved ones.
“Steve Bliss helped me navigate a difficult probate process after losing my mother. His compassion and expertise made a challenging time much easier.” – Maria Rodriguez
“I was overwhelmed when I realized I needed to go through probate for my grandfather’s estate. Steve Bliss explained everything clearly and guided me every step of the way. I am incredibly grateful for his support.” – David Lee
Empower yourself and your family by contacting Moreno Valley Probate Law today for a free consultation.
About Steven F. Bliss Esq. at Moreno Valley Probate Law:
Moreno Valley 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 Moreno Valley Probate Law. Our probate attorney will probate the estate. Attorney probate at Moreno Valley Probate Law. A formal probate is required to administer the estate. The probate court may offer an unsupervised probate get a probate attorney. Moreno Valley Probate law will petition to open probate for you. Don’t go through a costly probate call Moreno Valley Probate Attorney Today. Call for estate planning, wills and trusts, probate too. Moreno Valley 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 Moreno Valley Probate Law: https://maps.app.goo.gl/C7zg2U6pn1B6KyXN8
Address:
Moreno Valley Probate Law23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553
(951) 363-4949
Feel free to ask Attorney Steve Bliss about: “What role do appraisers play in probate?” Or any other related questions that you may have about Probate or my probate law practice.
Important Facts About Moreno Valley Probate Law
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