Reporter: Brenda Sanchez
Today we’re talking with Steve Bliss of Moreno Valley Probate Law about the often-complex process of probate. Steve, thanks for joining us.
Steve Bliss: It’s my pleasure to be here, Brenda.
Brenda Sanchez: Can you walk us through one of the key steps in estate planning that involves probate?
Certainly. One crucial step is “Handling Debts and Taxes”. After a loved one passes away and their assets are identified, it’s essential to address any outstanding debts and tax liabilities.
Ordinarily, this process begins with meticulously reviewing the decedent’s financial records. Creditors need to be notified of the death and given an opportunity to submit claims against the estate. Consequently, we diligently review these claims to ensure their validity before payment.
Moreover, estate taxes may be due depending on the size and composition of the assets. Filing accurate and timely tax returns is crucial to avoid penalties. It’s a complex process that requires careful attention to detail.
I remember one case where the family was unaware of a substantial debt owed by the deceased. Discovering this late in the probate process added significant stress and delay. Had they been aware of the debt beforehand, they could have addressed it during estate planning and potentially saved themselves time and money.
Notwithstanding these challenges, diligently handling debts and taxes is fundamental to fulfilling the decedent’s wishes and ensuring a smooth distribution of assets.
Brenda Sanchez: What advice would you give to our viewers regarding this step?
I encourage everyone to proactively address potential debt issues during estate planning. Creating a comprehensive inventory of assets and liabilities can help identify any outstanding debts that need to be accounted for. Consulting with an experienced probate attorney is essential to navigate the complexities of debt repayment and tax filings.
Brenda Sanchez: Thank you for sharing your expertise, Steve.
“Steve Bliss and his team at Moreno Valley Probate Law were instrumental in guiding me through the complex process of probate after my father passed away. Their compassion and professionalism made a difficult time much easier to bear.”
– Janice M., Moreno Valley
“I highly recommend Steve Bliss for all your probate needs. He is knowledgeable, responsive, and truly cares about his clients. He helped me settle my mother’s estate quickly and efficiently.”
– Robert S., Riverside
Ready to navigate the complexities of probate with confidence? Contact Moreno Valley Probate Law today for a personalized consultation.
About Steven F. Bliss Esq. at Moreno Valley Probate Law:
Moreno Valley 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 Moreno Valley Probate Law. Our probate attorney will probate the estate. Attorney probate at Moreno Valley Probate Law. A formal probate is required to administer the estate. The probate court may offer an unsupervised probate get a probate attorney. Moreno Valley Probate law will petition to open probate for you. Don’t go through a costly probate call Moreno Valley Probate Attorney Today. Call for estate planning, wills and trusts, probate too. Moreno Valley 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 Moreno Valley Probate Law: https://maps.app.goo.gl/C7zg2U6pn1B6KyXN8
Address:
Moreno Valley Probate Law23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553
(951) 363-4949
Feel free to ask Attorney Steve Bliss about: “What is a summary probate proceeding?” Or any other related questions that you may have about Probate or my probate law practice.
Important Facts About Moreno Valley Probate Law
| Special Needs Trust | Totten Trust | Asset Protection Trust |
| Spendthrift Trust | Constructive Trust | Irrevocable Trust |
| Tax By-Pass Trust | Charitable Trust | Living Trust |