Good evening, San Diego! I’m here with Steve Bliss of San Diego Probate Law, a leading probate attorney in our area. Steve, thanks for joining us tonight.
Let’s talk about the probate process
Steve, can you walk us through one key step in the estate planning process? I know it can be a confusing and emotional time for families.
Certainly. One critical step is “Handling Debts and Taxes.” After a loved one passes away, their estate becomes responsible for settling any outstanding debts and filing final tax returns.
This involves carefully reviewing the deceased’s financial records to identify creditors and determine the validity of their claims. Ordinarily, we’ll publish a notice to creditors in local newspapers, inviting them to submit their claims within a specified timeframe. Valid claims are then paid from the estate assets.
Moreover, it’s crucial to file both state and federal tax returns for the final year of the decedent’s life. This can involve complex calculations depending on the individual’s income, assets, and deductions. We work closely with accountants and tax professionals to ensure accurate and timely filings.
Notwithstanding the meticulousness required in this step, it is crucial to the fair and efficient distribution of the estate. Think of it like tying up all loose ends before moving forward with distributing inheritances to beneficiaries.
Challenges and Triumphs
Steve, are there any common challenges you encounter during this phase?
While most creditors are straightforward, occasionally we encounter disputes over the validity of a claim. For example, I once handled a case where a family member claimed to have loaned a significant sum to the deceased but lacked proper documentation. We had to investigate thoroughly and ultimately present evidence that disproved the claim.
Conversely, there are also incredibly rewarding moments. In another case, we were able to uncover an overlooked retirement account that significantly boosted the estate’s value. The beneficiaries were deeply grateful for our diligence in finding those additional assets.
Remember, approximately 70% of Americans die without a will, which complicates matters and often leads to family disagreements. (American Bar Association)
A Lasting Legacy
Steve, any final words for our viewers?
“Planning ahead is the best gift you can give your loved ones.” Steve encourages everyone to consult with an experienced probate attorney to create a comprehensive estate plan that minimizes potential conflicts and ensures a smooth transition of assets. “Contact San Diego Probate Law today, we’re here to guide you through this process with compassion and expertise.”
Testimonials
“Steve Bliss and his team were incredibly supportive during a difficult time. They explained everything clearly and made sure we understood our options.” – The Smith Family
“I highly recommend San Diego Probate Law. Their professionalism and attention to detail gave me peace of mind knowing my mother’s estate was being handled properly.” – Jane Doe
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: “What happens if a will was changed shortly before death?” Or any other related questions that you may have about Probate or my probate law practice.
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