Reporter:
Good morning, Mr. Bliss. Thank you for taking the time to speak with me today about probate law.
Steve Bliss:
It’s my pleasure. I’m always happy to shed some light on this important but often misunderstood legal process.
Reporter:
Could you tell our viewers a bit about one of the key steps in estate planning?
Steve Bliss:
Certainly. One crucial step is “Marshaling the Estate Assets.” This involves identifying and inventorying all assets belonging to the deceased person’s estate.
Think of it like gathering all the pieces of a puzzle. We need to locate bank accounts, investment portfolios, real estate holdings, vehicles, personal property—everything of value. Accordingly, this information is then meticulously documented in a formal inventory and appraisal that is submitted to the probate court.
Consequently, a thorough accounting ensures transparency and fairness in the distribution process. For instance, let’s say there’s a family heirloom with sentimental value. We need to accurately identify it, assess its worth, and determine who is entitled to receive it according to the will or intestate succession laws.
Sometimes, uncovering hidden assets can be challenging. I recall one case where a client was unaware of a sizable life insurance policy her late husband had obtained years earlier. Through diligent research and communication with relevant parties, we were able to locate the policy and ensure it became part of the estate distribution.
Reporter:
That’s incredible! What other complexities might arise during this step?
Steve Bliss:
Occasionally, disputes can emerge regarding asset valuation. For example, if a piece of artwork is involved, different appraisers may arrive at varying estimates. In such cases, we work with experts and utilize relevant market data to arrive at a fair and defensible value.
Moreover, according to the California Probate Courts website, approximately 30% of probate cases involve contested asset valuations. This underscores the importance of working with an experienced attorney who understands the intricacies of appraisal and negotiation.
Reporter:
Thank you for that insightful explanation, Mr. Bliss. What advice would you give to our viewers regarding estate planning?
Steve Bliss:
“Planning ahead is key. I encourage everyone to consult with an estate planning attorney to create a comprehensive plan tailored to their individual needs and circumstances. It’s the best way to ensure your loved ones are protected and your wishes are carried out.”
“At Moreno Valley Probate Law, we guide you through every step of the process with compassion and expertise. Your peace of mind is our priority.”
Testimonials
“Steve Bliss was incredibly understanding and patient during a difficult time. He made the probate process so much easier to navigate.” – Maria S.
“Moreno Valley Probate Law went above and beyond for my family. Their professionalism and attention to detail were outstanding.” – John T.
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: “Are probate court hearings required in every case?” Or any other related questions that you may have about Probate or my probate law practice.
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