Good morning, San Diego and welcome back to our segment on legal matters that affect us all. Today we’re joined by Steve Bliss, a leading probate attorney here in San Diego. Mr. Bliss, thank you for joining us.
Understanding the Probate Process
Steve, for our viewers who may not be familiar with the term “probate,” could you explain what it is and why it’s an important process?
Probate is essentially the legal process of administering a deceased person’s estate. This involves identifying and valuing assets, paying off debts and taxes, and ultimately distributing the remaining assets to beneficiaries according to the will or state intestacy laws.
The Crucial Step of Handling Debts and Taxes
Steve, you specialize in guiding families through the complexities of probate. Could you walk us through one of the key steps involved?
Certainly. One crucial step that often requires careful navigation is handling debts and taxes. Ordinarily, this involves meticulously reviewing all outstanding obligations of the deceased individual, including credit card debt, loans, medical bills, and utility payments.
We then prioritize paying valid creditor claims according to legal precedence. Moreover, it’s essential to file and pay any applicable state and federal taxes on behalf of the estate. Neglecting this step can lead to significant financial repercussions and delays in the probate process.
The American Bar Association reports that approximately 70% of estates require some form of debt settlement during probate. This highlights the importance of having a knowledgeable attorney to guide you through these complexities.
I recall one instance where we were working with a family whose loved one had accumulated a substantial amount of medical debt. Through careful negotiation and analysis of billing statements, we were able to identify errors and reduce the debt significantly, saving the estate thousands of dollars.
Seeking Expert Guidance
Steve, thank you for sharing that insight. Clearly, handling debts and taxes during probate can be a delicate balancing act. What advice would you give to individuals who are facing this process?
“Contact us today and let our experienced team guide you through the complexities of probate with compassion and expertise.”
Testimonials
“Steve Bliss and his team were incredibly supportive during a difficult time. They made the probate process much less stressful and helped us navigate every step with clarity.”
– The Jones Family
“I highly recommend San Diego Probate Law to anyone needing assistance with estate administration. Their professionalism and knowledge are unparalleled.”
– Sarah M.
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: “Are probate court hearings required in every case?” Or any other related questions that you may have about Probate or my probate law practice.
Important Facts About San Diego Probate Law
| Special Needs Trust | Totten Trust | Asset Protection Trust |
| Spendthrift Trust | Constructive Trust | Irrevocable Trust |
| Tax By-Pass Trust | Charitable Trust | Living Trust |