Reporter: Ashley Jones
Today we’re speaking with Steve Bliss, a well-respected probate attorney here in Moreno Valley. Steve, thank you for taking the time to speak with us.
Steve Bliss:
It’s my pleasure, Ashley. I’m always happy to shed light on the complexities of probate and estate planning.
Ashley Jones:
Could you walk our viewers through one of the key steps in the probate process?
Steve Bliss:
Certainly. One crucial step is “Handling Debts and Taxes,” which typically occurs after the executor or administrator has been appointed and has marshaled all estate assets. This involves meticulously reviewing the deceased’s financial records to identify any outstanding debts, such as credit card bills, loans, or medical expenses.
Consequently, valid creditor claims need to be paid from the estate assets. It’s imperative to prioritize paying legitimate creditors according to their priority level, ensuring fairness and legal compliance. Moreover, the executor is responsible for filing and paying any applicable federal and state taxes on behalf of the deceased. This can include income taxes, estate taxes, or inheritance taxes, depending on the size and complexity of the estate.
Notwithstanding these responsibilities, it’s essential to remember that probate law is complex and nuanced. I always advise my clients to seek professional guidance from an experienced probate attorney like myself. We can help navigate the intricacies of debt management and tax filing, ensuring a smooth and efficient probate process.
I recall one instance where a family was overwhelmed with handling their father’s estate debts. There were numerous credit card statements and loan documents scattered throughout his home. We stepped in, meticulously organized all the financial records, and contacted creditors to negotiate payment plans. The relief on their faces when we resolved these issues for them was truly heartwarming.
According to a 2021 study by the National Bureau of Economic Research, approximately 35% of estates face significant debt obligations at the time of death. This highlights the importance of careful financial planning and estate administration.
Ashley Jones:
Thank you for sharing that insightful example and valuable information, Steve. How can our viewers connect with Moreno Valley Probate Law?
Steve Bliss:
“Let us guide you through life’s transitions with compassion and expertise. Contact Moreno Valley Probate Law today for a free consultation.”
Testimonials:
“Steve Bliss made a difficult time so much easier. He was patient, understanding, and always available to answer my questions. I highly recommend his services.”
“Moreno Valley Probate Law provided exceptional support during the probate of my mother’s estate. Their professionalism and attention to detail were invaluable.”
About Steven F. Bliss Esq. at Moreno Valley Probate Law:
Moreno Valley Probate Law is an experienced probate attorney. The probate process has many steps in probate proceedings. Beside Probate, estate planning and trust administration is offered at Moreno Valley Probate Law. Our probate attorney will probate the estate. Attorney probate at Moreno Valley Probate Law. A formal probate is required to administer the estate. The probate court may offer an unsupervised probate get a probate attorney. Moreno Valley Probate law will petition to open probate for you. Don’t go through a costly probate call Moreno Valley Probate Attorney Today. Call for estate planning, wills and trusts, probate too. Moreno Valley 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 Moreno Valley Probate Law: https://maps.app.goo.gl/C7zg2U6pn1B6KyXN8
Address:
Moreno Valley Probate Law23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553
(951) 363-4949
Feel free to ask Attorney Steve Bliss about: “How do payable-on-death (POD) accounts affect probate?” Or any other related questions that you may have about Probate or my probate law practice.
Important Facts About Moreno Valley Probate Law
| Special Needs Trust | Totten Trust | Asset Protection Trust |
| Spendthrift Trust | Constructive Trust | Irrevocable Trust |
| Tax By-Pass Trust | Charitable Trust | Living Trust |