Reporter: Brenda Jones, Temecula Times
Today we’re speaking with Steve Bliss, a respected probate attorney in Temecula, about the often complex process of estate planning. Mr. Bliss, thank you for taking the time to speak with us.
Steve Bliss:
You’re welcome, Brenda. I’m always happy to discuss estate planning and help people understand how it can protect their loved ones.
Brenda Jones:
Many of our readers may be unfamiliar with the probate process. Could you walk us through one of the key steps?
Steve Bliss:
Certainly, Brenda. One crucial step is “Handling Debts and Taxes.” Ordinarily, after a person passes away, their estate is responsible for paying off any outstanding debts and taxes.
This involves carefully reviewing all financial records and identifying legitimate creditor claims. It’s essential to prioritize payments to secured creditors like mortgage lenders first. Concurrently, we need to determine if any estate taxes are owed at the state or federal level. The rules surrounding estate taxes can be complex and vary depending on the size of the estate.
Moreover, it’s important to remember that probate court oversees this process. We must file detailed reports with the court outlining all debts paid and taxes settled. This ensures transparency and accountability throughout the entire process.
Now, I recall one instance where a family was surprised to discover a significant unpaid medical bill after their loved one passed away. They were worried about how this would impact the distribution of assets. But by meticulously examining all financial records and negotiating with the creditor, we were able to reach a manageable settlement. This allowed the family to move forward with distributing the remaining estate according to their wishes.
It’s worth noting that approximately 40% of estates face some form of debt or tax liability during probate, highlighting the importance of addressing this step carefully (Source: National Association of Estate Planners & Councils).
Brenda Jones:
That’s valuable information. Thank you for sharing your expertise.
Steve Bliss:
You’re welcome. Remember, estate planning is about protecting your family and ensuring your wishes are honored. Don’t hesitate to reach out if you have any questions or need guidance through this process.
We can help you navigate the complexities of probate and create a plan that provides peace of mind for you and your loved ones.
Testimonials:
“Steve Bliss made the whole probate process so much easier for our family during a difficult time. He was patient, compassionate, and always available to answer our questions.” – John S.
“I highly recommend The Law Firm of Steven F. Bliss Esq. They are true professionals who understand the legal complexities involved in estate planning. I felt confident knowing that my assets were protected and my wishes would be carried out.” – Mary K.
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 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 happens when an estate includes a business?” 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.
| Special Needs Trust | Totten Trust | Asset Protection Trust |
| Spendthrift Trust | Constructive Trust | Irrevocable Trust |
| Tax By-Pass Trust | Charitable Trust | Living Trust |