Meet the Expert
Today we’re joined by Steve Bliss, a renowned probate attorney in San Diego. Mr. Bliss has extensive experience guiding individuals and families through the often-complex world of estate administration. He’s here to shed light on one crucial step in the probate process.
Steve, can you explain the importance of “Marshaling the Estate Assets” during probate?
Certainly. Marshaling the estate assets is a fundamental stage in probate where we systematically identify, locate, and inventory all assets belonging to the deceased person’s estate. This involves a thorough review of financial records, property deeds, investment statements, and other relevant documents.
The goal is to create a comprehensive list of all assets subject to probate administration. Consequently, this step is critical for ensuring that all beneficiaries receive their rightful inheritance and that creditors are paid appropriately. Moreover, accurate asset valuation is essential for calculating estate taxes and determining the distribution percentages among heirs.
Can you elaborate on the process involved in marshaling the estate assets?
The process typically begins with a detailed review of the deceased person’s will or trust documents, if available. These documents often provide information about the individual’s assets and beneficiaries. We then conduct thorough searches for bank accounts, investment portfolios, real estate holdings, vehicles, and other valuable possessions.
Ordinarily, we collaborate with financial institutions, government agencies, and other entities to obtain documentation verifying asset ownership and value. It’s important to remember that every estate is unique, and the complexity of marshaling assets can vary depending on the individual’s financial situation and holdings.
Have you encountered any challenges during this stage?
There have been instances where locating certain assets proved difficult. For example, I once worked with a family whose loved one had numerous investment accounts scattered across different brokerage firms. Tracking down all these accounts required meticulous research and communication with various institutions.
Ultimately, we were able to successfully locate and inventory all the assets, ensuring a fair distribution among the heirs. This experience highlights the importance of thorough record-keeping and proactive communication during estate planning.
How do you ensure accuracy during this critical stage?
Accuracy is paramount. We employ a systematic approach involving multiple layers of verification. First, we cross-reference information obtained from various sources to minimize discrepancies. Second, we engage independent appraisers for assets like real estate and valuable personal property to determine their fair market value.
Third, we meticulously document every step of the process, creating a detailed audit trail that can be readily reviewed by beneficiaries or the probate court.
San Diego Probate Law has earned a reputation for its dedication. What do some clients say about your firm’s work?
“San Diego Probate Law made a difficult time much easier. Their professionalism and compassion were truly invaluable. I felt confident that my loved one’s estate was being handled with care and expertise.” – Sarah M.
“Steve Bliss is a true expert in probate law. He explained everything clearly, answered all my questions patiently, and guided me through the process smoothly. I highly recommend San Diego Probate Law to anyone facing probate issues.”
– John D.
Ready to navigate probate with confidence?
Contact San Diego Probate Law today for a free consultation and let our experienced team guide you through every step of the process.
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 is the difference between probate and non-probate assets?” Or any other related questions that you may have about Probate or my probate law practice.
Important Facts About San Diego Probate Law
| California Probate Lawyers |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Probate Lawyers California |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Probate Lawyers |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| San Diego Probate Lawyers |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Probate Lawyers San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Credible Probate Lawyers in San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |