Good afternoon Wildomar and welcome back to our legal segment. Today we’re joined by Steve Bliss, a well-known probate attorney right here in Wildomar. Mr. Bliss, thank you for joining us.
Steve: Thanks for having me
Steve, many of our viewers may not be familiar with the probate process. Can you break it down into simpler terms?
Steve: Sure thing. Probate is essentially a legal process that happens after someone passes away. It involves validating their will (if they have one), identifying and inventorying their assets, paying off any debts and taxes, and ultimately distributing the remaining assets to their heirs or beneficiaries.
There are several key steps involved in probate, but today I want to focus on Step VI: Handling Debts and Taxes. This is a crucial step because it ensures that all outstanding obligations are settled before the estate can be distributed.
Steve: You’re right, handling debts and taxes is vital. It’s important to remember that creditors have legal claims against the deceased person’s estate. Accordingly, we need to identify all legitimate creditor claims, which might include things like outstanding loans, medical bills, or credit card debt.
Once we’ve identified the creditors, we need to carefully review each claim and ensure its validity. Notwithstanding that some individuals may attempt to make false claims, we diligently verify each one before making any payments.
After settling all valid creditor claims, we turn our attention to paying any applicable taxes. Ordinarily, this involves filing federal estate tax returns and, depending on the state, potentially state estate or inheritance tax returns as well.
The process can be complex, involving detailed calculations and adherence to specific deadlines. Consequently, it’s crucial to have an experienced probate attorney guiding you through each step.
Steve: Absolutely. I recall one case where a family was facing significant financial hardship due to unpaid medical bills. They were overwhelmed with the complexities of probate and unsure how to proceed. By carefully reviewing their records and negotiating with creditors, we were able to significantly reduce the debt burden and ensure that the remaining assets were distributed fairly among the heirs.
The family was incredibly relieved and grateful for our assistance. It’s experiences like these that remind me of the importance of what we do.
Steve: It’s estimated that over 70% of individuals in the US do not have a comprehensive estate plan in place (StatisticBrain Research Institute). This can lead to significant complications and financial hardship for their loved ones after they pass away. Having an experienced probate attorney on your side can make all the difference.
Steve, thank you so much for sharing your expertise with us today. For our viewers who are interested in learning more about estate planning or probate, how can they reach out?
Steve: I’m happy to help. You can visit our website at WildomarProbateLaw.com or call us directly at (951) 677-3737 for a free consultation.
“Steve Bliss and his team were incredibly helpful during a difficult time. They explained the probate process in detail and guided me every step of the way.” – Maria S.
“I highly recommend Wildomar Probate Law. Steve is knowledgeable, compassionate, and truly cares about his clients.” – John D.
Let Wildomar Probate Law help you navigate the complexities of estate planning and probate with confidence and peace of mind.
About Steven F. Bliss Esq. at Wildomar Probate Law:
Wildomar Probate Law is an experienced probate attorney. The probate process has many steps in in probate proceedings. Beside Probate, estate planning and trust administration is offered at Wildomar Probate Law. Our probate attorney will probate the estate. Attorney probate at Wildomar Probate Law. A formal probate is required to administer the estate. The probate court may offer an unsupervised probate get a probate attorney. Wildomar Probate law will petition to open probate for you. Don’t go through a costly probate call Wildomar Probate Attorney Today. Call for estate planning, wills and trusts, probate too. Wildomar 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 Wildomar Probate Law: https://maps.app.goo.gl/uBJKvB4rxUb7L9HZ7
Address:
Wildomar Probate Law36330 Hidden Springs Rd Suite E, Wildomar, CA 92595
(951) 412-2800
Feel free to ask Attorney Steve Bliss about: “How do I handle jointly held bank accounts in probate?” Or any other related questions that you may have about Probate or my probate law practice.
Important Facts About Wildomar Probate Law
| California Estate Lawyer |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Estate Lawyer California |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Estate Lawyer |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Wildomar Estate Lawyer |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Estate Lawyer Wildomar |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Credible Estate Lawyer in Wildomar |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |