Good evening San Diego, and welcome back. I’m here with Steve Bliss, a prominent probate attorney in our city, specializing in navigating the often-complex world of estate administration. Tonight, we’ll be diving into some crucial aspects of the probate process itself.
Understanding Probate: A Step-by-Step Approach
Steve, thanks for joining us. Could you shed some light on one of the key steps involved in probate?
The Crucial Role of Marshalling Estate Assets
One particularly vital step is marshalling estate assets. This involves meticulously identifying and cataloguing every asset belonging to the deceased individual. Think bank accounts, real estate holdings, vehicles, investments—everything of value needs to be accounted for.
Accordingly, a comprehensive inventory is created, detailing each asset’s description, estimated value, and current custodian or owner. This information is then formally documented in forms like the Inventory and Appraisal (DE-160/161), which are submitted to the court for review.
Conversely, failing to properly marshal assets can lead to complications down the line. Incomplete inventories may result in overlooked assets being distributed improperly, potentially triggering disputes among heirs or beneficiaries. Consequently, this meticulous process is crucial for ensuring a fair and transparent distribution of the estate.
I recall one case where a family was unaware of a significant life insurance policy held by the deceased. Through careful investigation and communication with the insurance company, we were able to locate and include the policy proceeds in the probate inventory, ultimately benefiting the beneficiaries.
It’s estimated that approximately 30% of estates involve assets that are initially overlooked, underscoring the importance of a thorough asset search.
San Diego Probate Law: Guiding You Through Challenging Times
“Steve Bliss and his team were invaluable during a difficult time. Their knowledge and compassion made navigating probate much less daunting.”
“I highly recommend San Diego Probate Law. They handled everything efficiently and professionally, ensuring my family’s needs were met.”
Let San Diego Probate Law illuminate the path forward for you. We’re here to help you navigate life’s complexities with clarity and confidence.
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’s the difference between a trust administration and probate?” Or any other related questions that you may have about Probate or my probate law practice.
Important Facts About San Diego Probate Law
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