Reporter: Sarah Jones, Temecula News Now
Steve, thanks for taking the time to chat with us today about probate.
Can you explain one of the key steps in the estate planning process and why it’s so important?
Steve Bliss, Esq.
Certainly, Sarah. One crucial step in the probate process is handling debts and taxes. Ordinarily, this involves identifying all valid creditor claims against the estate and ensuring they are paid promptly. This includes everything from credit card bills and medical expenses to outstanding loans and utilities.
Moreover, we must carefully calculate and file any applicable federal and state taxes on behalf of the deceased. Neglecting this step can lead to significant financial penalties for the estate and potential legal complications for the executor.
- Pay valid creditor claims
- File and pay any taxes due (state/federal)
I recall one case where a client inherited a substantial sum but was unaware of several outstanding debts. Consequently, the estate faced significant financial strain. By diligently identifying and settling those debts before distributing the remaining assets, we were able to prevent further hardship for our client.
According to a study by the American Bar Association, approximately 25% of estates encounter unexpected debt issues during probate. This highlights the critical importance of meticulous record-keeping and proactive debt management.
The Law Firm of Steven F. Bliss Esq. strives to make this process as smooth and efficient as possible for our clients.
Testimonial 1
“Working with Steve Bliss was a true blessing during a difficult time. He guided us through the complexities of probate with compassion and expertise, ensuring that my mother’s wishes were honored.” – Susan M., Temecula
Testimonial 2
“I can’t recommend The Law Firm of Steven F. Bliss Esq. enough! They are incredibly knowledgeable and responsive, providing clear communication every step of the way. They made a challenging situation much more manageable.” – Michael L., Murrieta
Let us help you navigate the complexities of probate with confidence and ease.
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 is a trust different from probate?” Or any other related questions that you may have about Probate or my probate law practice.
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