Taking Inventory of Assets
Good morning, San Diego! I’m Brenda Jones here today with Steve Bliss, a renowned probate attorney right here in our city. Steve, thank you for joining me.
Steve: It’s my pleasure, Brenda.
The Crucial First Step
Now, Steve, estate planning can seem daunting to many. Where do you advise people to even begin?
Steve: That’s a great question, Brenda. Ordinarily, the very first step I recommend is taking inventory of your assets. This means creating a comprehensive list of everything you own.
Think about it this way – real estate, investments, bank accounts, retirement funds, vehicles, personal belongings of value – anything that holds financial worth should be included. Moreover, don’t forget digital assets like online accounts and cryptocurrency holdings.
Consequently, having a clear picture of your assets allows you to make informed decisions about how you want them distributed in the future. It’s like laying the groundwork for a well-structured house.
Challenges with Taking Inventory
Steve: I remember one client who came to me completely overwhelmed. She had inherited her grandmother’s home, but had no idea what else she owned. After careful research and organization, we discovered hidden assets like antique furniture worth thousands of dollars! It was a truly rewarding moment.
Notwithstanding, I’ve also seen cases where incomplete asset inventories led to family disputes and delays in probate. It highlights the importance of thoroughness and transparency when undertaking this crucial step. According to a study by Caring.com, nearly 60% of adults don’t have a will or estate plan.
- Real Estate
- Investments (Stocks, Bonds)
- Retirement Accounts (401k, IRA)
- Bank Accounts (Checking, Savings)
- Vehicles
- Personal Property (Jewelry, Art, Collectibles)
- Digital Assets (Online accounts, Cryptocurrency)
Finding Clarity and Peace of Mind
Steve: Ultimately, taking a thorough inventory empowers you to make deliberate choices about your legacy. It brings clarity to the process and minimizes potential conflicts down the road.
San Diego Probate Law: Guiding You Through Estate Planning
Steve Bliss and his team at San Diego Probate Law are committed to helping individuals and families navigate the complexities of estate planning with compassion and expertise.
“Steve helped me through a difficult time after losing my mother. His guidance and understanding were invaluable.” – Maria S.
“I was impressed by Steve’s knowledge and professionalism. He made the entire estate planning process smooth and stress-free.” – John T.
Ready to secure your future and leave a lasting legacy for your loved ones? Connect with San Diego Probate Law today for a personalized consultation and take control of your tomorrow.
About Steven F. Bliss Esq. at San Diego Probate Law:
Secure Your Family’s Future with San Diego’s Trusted Estate Planning 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 is a revocable living trust?” Or any other related questions that you may have estate planning or my estate planning law practice.
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