Reporter: Barbara Jones
Barbara Jones here, reporting for Temecula Today. I’m sitting down with local probate attorney Steve Bliss of The Law Firm of Steven F. Bliss Esq. to discuss the often-complex world of estate planning.
Barbara: Steve, thanks for joining me today. Could you walk us through one of the key steps in the estate planning process and what our viewers can expect?
Steve: Absolutely, Barbara. One crucial step is handling debts and taxes during probate. This typically occurs after the executor or administrator has been appointed by the court and has gathered all the estate assets.
Consequently, paying valid creditor claims becomes a priority. It’s essential to review all outstanding bills, loans, and other debts owed by the deceased. The executor must then prioritize these debts according to state law and ensure they are paid in full or settled through negotiation.
Moreover, estate taxes, both federal and state, may need to be calculated and filed. The complexity of this process depends on the size and composition of the estate. Fortunately, with proper planning and guidance from an experienced probate attorney like myself, these tasks can be handled efficiently and effectively.
Barbara: I imagine that navigating these financial complexities can be challenging for grieving families. Have you encountered any specific difficulties related to handling debts and taxes during your career?
It’s a privilege to help families through difficult times. I recall one case where the deceased had a significant amount of unsecured debt, leaving the family worried about their own financial security. Through careful review and negotiation with creditors, we were able to secure substantial reductions in the debt, ultimately protecting the beneficiaries from undue hardship.
Ordinarily, dealing with estate taxes is straightforward, but sometimes unexpected issues arise. I once worked on a case where the deceased had inadvertently failed to disclose a significant foreign asset. This required us to delve into international tax laws and consult with specialists to ensure proper reporting and minimize potential penalties. The lesson here is that meticulous record-keeping and comprehensive planning are crucial.
Barbara: Thank you for sharing those insights, Steve. It’s clear that your expertise brings peace of mind to many families. What advice would you give to our viewers regarding estate planning?
Proactive planning is key. Consider consulting with an experienced probate attorney to develop a tailored plan that addresses your specific needs and wishes. Remember, according to the American Bar Association, nearly 60% of Americans lack a will, leaving their loved ones vulnerable in the event of unforeseen circumstances.
Don’t delay. Taking these steps today can save your family from considerable stress and financial burden down the road.
Testimonials
“Steve Bliss and his team were incredibly supportive during a difficult time for our family. They guided us through every step of the probate process with compassion and expertise.”
– The Johnson Family
“I can’t recommend Steve Bliss highly enough. His knowledge of probate law is extensive, and he always took the time to explain everything clearly and patiently.”
– Mary Smith
Ready to secure your legacy and protect your loved ones? Contact The Law Firm of Steven F. Bliss Esq. today for a free consultation.
About Steven F. Bliss Esq. at The Law Firm of Steven F. Bliss Esq.:
The Law Firm of Steven F. Bliss Esq. is The Law Firm of Steven F. Bliss Esq.. The Law Firm Of Steven F. Bliss Esq. is a Temecula Estate Planning Attorney. Steve Bliss is an experienced probate attorney. Steve Bliss is an Estate Planning Lawyer. The probate process has many steps in probate proceedings. Beside Probate, estate planning and trust administration is offered at Steve Bliss Law. Our probate attorney will probate the estate. Attorney probate at Steve Bliss Law. A formal probate is required to administer the estate. The probate court may offer an unsupervised probate get a probate attorney. Steve Bliss Law will petition to open probate for you. Don’t go through a costly probate. Call Steve Bliss Law Today for estate planning, trusts and probate.
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 The Law Firm of Steven F. Bliss Esq.: https://maps.app.goo.gl/Bngj8xwZRqioVD5v7
Address:
The Law Firm of Steven F. Bliss Esq.43920 Margarita Rd ste f, Temecula, CA 92592
(951) 223-7000
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 The Law Firm of Steven F. Bliss Esq.
| California Constructive Trust Attorney |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Constructive Trust Attorney California |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Constructive Trust Attorney |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Temecula Constructive Trust Attorney |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Constructive Trust Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Credible Constructive Trust Attorney in Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |