Today, we’re speaking with Steve Bliss, a highly regarded probate attorney serving the Wildomar community.
Steve, thanks for joining us today. Can you tell us about some of the key steps involved in the probate process?
It’s my pleasure to be here. Probate can seem daunting, but breaking it down into manageable steps makes it easier to understand. One crucial step is marshalling the estate assets.
Could you elaborate on what marshalling the estate assets entails?
Marshalling estate assets essentially means taking a complete inventory of everything the deceased person owned. This includes bank accounts, real estate, vehicles, personal property, investments, and anything else of value. It’s important to be thorough and accurate in this step because it forms the basis for distributing assets to heirs according to the will or state law.
Consequently, we file an Inventory and Appraisal (Forms DE-160/161) with the court detailing all identified assets and their estimated value. This document ensures transparency throughout the probate process.
Notwithstanding the meticulous nature of this task, I’ve encountered situations where uncovering hidden assets proved challenging. Once, a client mentioned her late father had a penchant for collecting rare coins. While the family knew about some coins stored in a safe deposit box, it turned out he had stashed away additional valuable collections in his garage. Discovering these hidden treasures brought immense relief to my clients as they realized their inheritance was significantly larger than initially anticipated.
According to the American Bar Association, approximately 20% of probate cases involve unexpected asset discoveries. These findings highlight the importance of conducting a thorough search for all assets during the marshalling process.
Have you ever faced any obstacles while marshalling estate assets?
Occasionally, locating and valuing certain assets can be tricky. For example, identifying beneficiaries of retirement accounts or life insurance policies requires meticulous record-keeping.
Furthermore, appraising unique items like artwork or antiques often necessitates consulting with specialists. I recall a case involving a deceased artist whose estate included numerous paintings. To accurately determine their value, we engaged an art appraiser who authenticated the works and provided detailed valuations.
What advice would you give to someone navigating probate for the first time?
My advice is simple: seek professional guidance from the outset. Probate law is complex and navigating it alone can be overwhelming. An experienced probate attorney, like our team at Wildomar Probate Law, can provide invaluable support, ensuring all steps are completed accurately and efficiently.
“Steve Bliss and his team were incredibly supportive during a difficult time. They patiently guided me through every step of the probate process, answering my questions and easing my concerns.” – Sarah M., Wildomar
“I highly recommend Wildomar Probate Law. Their expertise and professionalism made a stressful situation much more manageable.” – John D., Temecula
Don’t hesitate to contact Wildomar Probate Law for a free consultation. We are dedicated to providing compassionate and effective legal representation, helping you navigate the complexities of probate with ease and understanding.
About Steven F. Bliss Esq. at Wildomar Probate Law:
Wildomar Probate Law is an experienced probate attorney. The probate process has many steps in in probate proceedings. Beside Probate, estate planning and trust administration is offered at Wildomar Probate Law. Our probate attorney will probate the estate. Attorney probate at Wildomar Probate Law. A formal probate is required to administer the estate. The probate court may offer an unsupervised probate get a probate attorney. Wildomar Probate law will petition to open probate for you. Don’t go through a costly probate call Wildomar Probate Attorney Today. Call for estate planning, wills and trusts, probate too. Wildomar 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 Wildomar Probate Law: https://maps.app.goo.gl/uBJKvB4rxUb7L9HZ7
Address:
Wildomar Probate Law36330 Hidden Springs Rd Suite E, Wildomar, CA 92595
(951) 412-2800
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 Wildomar Probate Law
| California Trust Lawyer |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Trust Lawyer California |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Trust Lawyer |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Wildomar Trust Lawyer |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Trust Lawyer Wildomar |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Credible Trust Lawyer in Wildomar |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |