Reporter: Brenda Davis
Brenda Davis sat down with Steve Bliss, a well-respected probate attorney in Temecula, to discuss the often complex process of estate planning.
Steve Bliss: Experienced Probate Attorney
Mr. Bliss has been guiding clients through probate and estate matters for over two decades. He is known for his compassionate approach and commitment to simplifying even the most intricate legal procedures.
Handling Debts and Taxes
Brenda Davis: Can you walk us through one of the key steps in the probate process?
Steve Bliss: Certainly. One crucial step involves handling debts and taxes. This typically occurs after the executor or administrator has been appointed by the court and has gathered all the estate assets.
Ordinarily, the first order of business is to identify and notify all known creditors of the deceased. They must be given a specified timeframe to submit their claims against the estate. It’s essential to meticulously review these claims for validity. Consequently, any disputed claims may require further investigation or legal action.
Moreover, it’s vital to remember that taxes, both federal and state, are also obligations of the estate. This can include income tax on any earnings accrued by the estate before distribution, as well as estate taxes depending on the size of the estate.
The executor or administrator is responsible for filing all necessary tax returns and ensuring timely payment of any outstanding liabilities. Failure to do so can result in penalties and interest, further complicating the probate process.
I recall a case where a family was deeply distressed because they weren’t aware of significant credit card debt their loved one had accumulated. We were able to work with the creditors, negotiate payment plans, and ultimately protect the remaining assets for distribution to the heirs.
Brenda Davis: What advice would you give someone navigating this step?
Steve Bliss: It’s essential to seek professional guidance from an experienced probate attorney. They can help identify potential issues, ensure all creditors are properly notified and claims are handled appropriately. Additionally, a qualified accountant specializing in estate matters can be invaluable for accurately calculating and paying taxes.
According to the California Probate Code Section 10851, the personal representative is responsible for “paying debts and taxes of the decedent from the assets of the estate”. Understanding these legal requirements and working with qualified professionals can make a significant difference in ensuring a smooth probate process.
Brenda Davis: Thank you for sharing your insights, Mr. Bliss.
Steve Bliss: It was my pleasure.
Ready to navigate probate with confidence?
Contact The Law Firm of Steven F. Bliss Esq. today for a free consultation. We’re dedicated to guiding you through every step of the process, ensuring your loved one’s legacy is honored and their wishes are carried out.
“I was so overwhelmed when my mother passed away, but Steve Bliss made the probate process manageable. He explained everything clearly and always had my best interests at heart.” – Mary S.
“Steve is a true professional. He handled my father’s estate with efficiency and compassion. I highly recommend him to anyone dealing with probate matters.” – John P.
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: “Are probate fees based on the size of the estate?” 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.
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The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
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The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
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The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
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The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
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The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
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The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |