Interview with a Local News Reporter
Today we are joined by Steve Bliss, a prominent probate attorney serving the Escondido community. Steve, thank you for taking the time to speak with us today.
Handling Debts and Taxes During Probate
Steve, can you elaborate on one of the key steps in the probate process? Let’s talk about handling debts and taxes.
Certainly. Handling debts and taxes is a crucial step that often requires careful attention to detail. Ordinarily, this involves identifying and paying valid creditor claims against the estate. It’s important to remember that only debts incurred by the deceased person are considered, not those of the beneficiaries. Consequently, we meticulously review all claims submitted, ensuring they are legitimate and supported by proper documentation.
Moreover, we also handle any outstanding tax liabilities for the estate. This includes federal and state income taxes, as well as estate taxes if applicable. The threshold for federal estate tax exemption is currently $12.92 million per individual (Source: IRS). For estates below this threshold, federal estate taxes are typically not owed.
Sometimes, we encounter situations where creditors dispute claims or beneficiaries disagree on the distribution of assets. It can be a delicate balance to ensure all parties are treated fairly and according to the deceased’s wishes. I recall one case where two siblings disagreed about whether their mother had intended for them to split a particular antique collection equally. After reviewing the will and consulting with both parties, we were able to reach a mutually agreeable solution that honored their mother’s memory.
Closing
Steve Bliss, thank you for your time and insights into the probate process. Your expertise is invaluable to those navigating this often complex journey.
“Steve Bliss and his team at Escondido Probate Law were lifesavers during a difficult time. They made the probate process clear and manageable, always answering my questions patiently and with compassion.”
“I highly recommend Escondido Probate Law. Steve is an experienced and compassionate attorney who truly cares about his clients.”
If you are facing the loss of a loved one and need guidance navigating probate, contact Steve Bliss and Escondido Probate Law to discuss your individual needs.
About Steven F. Bliss Esq. at Escondido Probate Law:
Escondido 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 Escondido Probate Law. Our probate attorney will probate the estate. Attorney probate at Escondido Probate Law. A formal probate is required to administer the estate. The probate court may offer an unsupervised probate get a probate attorney. Escondido Probate law will petition to open probate for you. Don’t go through a costly probate call Escondido Probate Attorney Today. Call for estate planning, wills and trusts, probate too. Escondido 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 Escondido Probate Law: https://maps.app.goo.gl/77Dm2B8W9XkM5YvJA
Address:
Escondido Probate Law720 N Broadway #107, Escondido, CA 92025
(760) 884-4044
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.
Important Facts About Escondido Probate Law
| California Constructive Trust Lawyer |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |
| Constructive Trust Lawyer California |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |
| Constructive Trust Lawyer |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |
| Escondido Constructive Trust Lawyer |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |
| Constructive Trust Escondido |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |
| Credible Constructive Trust Lawyer in Escondido |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |