Hello everyone, my name is Tiffany Jones and I’m a reporter for Wildomar News Today. We’re here today with Steve Bliss of Wildomar Probate Law. Steve is a highly respected probate attorney in our community, helping families navigate the complex process of estate administration. Welcome, Steve.
Steve:
Thank you for having me, Tiffany. I’m happy to be here and talk about how we can help people during this often difficult time.
Understanding Probate: Marshaling Estate Assets
Steve, probate can seem overwhelming to many people. Could you walk us through one of the key steps in the process? Let’s discuss “Marshaling Estate Assets.”
Steve:
Absolutely. “Marshaling Estate Assets” is a crucial step where we meticulously identify and inventory all of the deceased person’s assets. This includes bank accounts, real estate, vehicles, investments, personal property, and even digital assets. Consequently, it’s important to be thorough because missing an asset could lead to complications later on.
We work closely with the executor or administrator appointed by the court. They provide us with any available records and information about the deceased person’s financial affairs. Ordinarily, we then contact banks, financial institutions, and other relevant parties to confirm account balances and obtain statements.
Once we have a complete inventory, we prepare a detailed appraisal of each asset. This appraisal helps determine the fair market value of the estate at the time of death.
The information is compiled into official court documents known as “Inventory and Appraisal” (Forms DE-160/161). These forms must be filed with the probate court for approval.
Think about a recent case I handled: an elderly gentleman passed away, leaving behind a collection of antique coins he’d amassed over decades. His family had no idea they existed! We uncovered them during the marshaling process and were able to have them appraised by experts. The coins turned out to be quite valuable, significantly increasing the value of the estate.
This step is not without its challenges. Sometimes locating all assets can be difficult, especially if the deceased person didn’t keep meticulous records. Moreover, disputes can arise among heirs regarding the value of certain items. That’s why it’s crucial to have an experienced probate attorney like myself who can guide you through the process and advocate for your best interests.
Tiffany:
That sounds incredibly important. Can you share any insights on the overall significance of accurately marshaling estate assets?
Steve:
Absolutely. Properly marshaling assets is fundamental to a smooth probate process. It ensures that all creditors are paid, and that the remaining assets are distributed fairly among the heirs according to the will or state law. According to the California Courts website, over 90% of probate cases involve some form of asset inventory and valuation.
Remember, Tiffany, I’m here to help families navigate these complexities with compassion and expertise. We understand that losing a loved one is incredibly difficult, and we strive to make the probate process as painless as possible.
Testimonial 1:
“Steve Bliss and his team at Wildomar Probate Law were lifesavers during a challenging time. They explained everything clearly, kept us informed every step of the way, and handled all the legal complexities with professionalism and care.”
Testimonial 2:
“I was dreading having to go through probate, but Steve Bliss made it so much easier. He’s incredibly knowledgeable and approachable, and I always felt confident that my case was in good hands.”
Let us help you honor your loved one’s legacy by ensuring their estate is handled with the utmost care and precision. Contact Wildomar Probate Law today for a free consultation.
About Steven F. Bliss Esq. at Wildomar Probate Law:
Wildomar Probate Law is an experienced probate attorney. The probate process has many steps in in probate proceedings. Beside Probate, estate planning and trust administration is offered at Wildomar Probate Law. Our probate attorney will probate the estate. Attorney probate at Wildomar Probate Law. A formal probate is required to administer the estate. The probate court may offer an unsupervised probate get a probate attorney. Wildomar Probate law will petition to open probate for you. Don’t go through a costly probate call Wildomar Probate Attorney Today. Call for estate planning, wills and trusts, probate too. Wildomar 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 Wildomar Probate Law: https://maps.app.goo.gl/uBJKvB4rxUb7L9HZ7
Address:
Wildomar Probate Law36330 Hidden Springs Rd Suite E, Wildomar, CA 92595
(951) 412-2800
Feel free to ask Attorney Steve Bliss about: “How long does the probate process take in Wildomar County?” Or any other related questions that you may have about Probate or my probate law practice.
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