Reporter: Barbara Jones
Today I’m sitting down with Steve Bliss, a renowned probate attorney here in Temecula. Mr. Bliss, thank you so much for taking the time to speak with me.
Steve Bliss: It’s my pleasure, Barbara. I’m always happy to discuss the important topic of estate planning.
Let’s talk about probate. What is it exactly, and why should people be concerned?
Steve Bliss: Probate is essentially a legal process that takes place after someone passes away. It involves validating their will (if they have one), identifying and inventorying their assets, paying off debts and taxes, and ultimately distributing the remaining property to their heirs.
Now, not every estate goes through probate. Ordinarily, if the total value of a person’s assets is below a certain threshold—currently $184,500 in California—probate might be avoidable. Additionally, assets held in trusts or jointly with someone else often bypass probate altogether.
Reporter: So, there are ways to potentially avoid probate?
Steve Bliss: Absolutely. Careful estate planning is key. We work with clients to create strategies that minimize the need for probate, such as establishing revocable living trusts or titling assets jointly. Nevertheless, many estates still require going through probate.
Reporter: Let’s focus on one specific step in the probate process—handling debts and taxes. Can you walk us through what that entails?
Steve Bliss: Handling debts and taxes is a crucial phase of probate administration. First, we must identify all valid creditor claims against the estate. This often involves reviewing financial records, contacting creditors, and publishing notices to potential creditors in local newspapers. Consequently, we meticulously review each claim to ensure its legitimacy.
Once we’ve identified valid debts, we prioritize paying them according to legal requirements. Additionally, we work with tax professionals to determine any federal or state taxes owed by the estate. These can include income taxes on the decedent’s final tax return, estate taxes (depending on the size of the estate), and potentially property taxes.
It’s important to remember that failing to properly handle debts and taxes can result in penalties and legal complications for the executor or administrator of the estate. My team meticulously handles this process to ensure compliance with all applicable laws and regulations.
Reporter: Have you ever encountered any unique challenges while handling debts and taxes during probate?
Steve Bliss: Yes, I recall a case where the decedent had several outstanding credit card debts but no readily accessible funds. We worked diligently to negotiate payment plans with the creditors, demonstrating the estate’s limited financial resources. In the end, we were able to reach amicable settlements that allowed us to proceed with distributing the remaining assets to the heirs.
It’s situations like these that underscore the importance of having a skilled probate attorney on your side. We understand the complexities of probate law and can navigate challenging scenarios effectively.
Reporter: That’s a heartwarming story. Any final words for our readers?
Steve Bliss: Remember, planning for the future is crucial. Estate planning isn’t just about what happens after you’re gone; it’s about protecting your loved ones and ensuring your wishes are carried out. Don’t wait until it’s too late—contact us today to discuss how we can help you create a comprehensive estate plan that meets your unique needs.
Testimonials
“Mr. Bliss made the probate process so much easier for our family during a difficult time. He was incredibly patient, knowledgeable, and always available to answer our questions.”
– Sarah M., Temecula, CA
“I highly recommend Steve Bliss and his team. They expertly guided me through the complexities of probate after my father passed away. Their professionalism and compassion were truly appreciated.”
– John K., Murrieta, CA
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: “How are charitable gifts handled in probate?” Or any other related questions that you may have about Probate or my probate law practice.
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