Steve, thank you for taking the time to speak with us today.
It’s a pleasure to be here.
Could you walk our viewers through one of the key steps in the estate planning process?
Certainly. One crucial step is Marshaling the Estate Assets. This involves meticulously identifying and inventorying all assets belonging to the deceased person’s estate. It’s like assembling a comprehensive puzzle, with each piece representing an asset.
Consequently, this stage requires careful attention to detail. We need to track down bank accounts, real estate holdings, investment portfolios, vehicles, personal property – anything of value that falls under the umbrella of the estate.
Moreover, it’s essential to accurately assess the value of each asset. This often involves obtaining appraisals for real estate, artwork, or other high-value items. The goal is to create a complete and accurate picture of the estate’s financial worth.
I imagine this step can be quite complex, especially for larger estates. Have you encountered any particular challenges with marshaling assets?
You’re right, it can be intricate. I recall a case where we were working with an estate that included a significant collection of rare coins. The heirs weren’t initially aware of the collection’s existence, and tracking down the coins proved to be quite a detective job.
Nevertheless, through diligent research and communication with family members, we were able to locate the entire collection, which turned out to be worth a considerable sum. It was incredibly rewarding to see the heirs receive that unexpected inheritance.
What advice would you give to individuals who are planning their estates?
- Maintain detailed records of your assets and liabilities.
- Consider creating a list or inventory of your belongings, along with estimated values.
- Keep important documents, such as wills, deeds, and insurance policies, in a safe and accessible location.
Taking these steps can greatly simplify the marshaling process for your loved ones after you’re gone. According to a study by the American Bar Association, over 50% of Americans do not have a will or estate plan in place. That’s a staggering number and highlights the importance of proper planning.
Thank you for sharing your expertise with us today, Steve. How can our viewers get in touch with San Diego Probate Law?
We’re here to help navigate the complexities of probate and estate administration. Visit our website at [website address] or give us a call at [phone number]. We offer free consultations to discuss your individual needs.
Testimonials
“San Diego Probate Law made a difficult time so much easier. Their compassion and professionalism were invaluable.”
– Sarah M., San Diego
“I was overwhelmed with the probate process after losing my mother. Steve Bliss provided clear guidance and support every step of the way. I highly recommend their services.”
– John K., Carlsbad
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: “Can an estate be insolvent and still go through probate?” Or any other related questions that you may have about Probate or my probate law practice.
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