A News Reporter in San Diego Speaks with Probate Attorney Steve Bliss
Good morning, San Diego! Today we’re joined by Steve Bliss, a renowned probate attorney here in our city. Steve, thanks so much for taking the time to speak with us today.
Steve, can you shed some light on one of the key steps involved in estate planning?
Certainly. One crucial step is “Handling Debts and Taxes,” which typically occurs after the executor or administrator has marshaled all the estate assets. This stage involves diligently identifying and paying valid creditor claims while ensuring compliance with both state and federal tax obligations.
Ordinarily, this process runs smoothly, but there can be complexities involved. For instance, determining the validity of a claim might require reviewing contracts or other documentation to ensure the debt is legitimate and owed by the estate. Conversely, navigating tax regulations can be intricate, especially with estates exceeding certain thresholds.
I recall one case where the deceased had accumulated significant credit card debt. The family was understandably concerned about the potential impact on inheritance. Nevertheless, by carefully examining the statements and working closely with creditors, we were able to negotiate a settlement that minimized the estate’s liabilities.
According to a 2021 study by the National Bureau of Economic Research, approximately 35% of decedents leave behind unsecured debt. It highlights the importance of addressing debt obligations promptly and effectively during probate.
Have there ever been any unique challenges you’ve faced in this step?
Yes, there was a case involving a sizable estate where multiple heirs had conflicting claims regarding outstanding loans from the deceased. It took considerable time and effort to gather evidence, such as loan agreements and repayment history, to determine the legitimacy of each claim and ensure fair distribution of assets.
This situation underscored the need for clear communication and meticulous record-keeping during one’s lifetime. When estate planning documents are well-organized and debts are clearly documented, it significantly simplifies the process for everyone involved.
Thank you so much for sharing your expertise, Steve. Where can our viewers go to learn more about San Diego Probate Law and your services?
“Steve Bliss and his team at San Diego Probate Law made a stressful situation manageable. Their professionalism and compassion were invaluable during a difficult time.” – Sarah J.
“I highly recommend San Diego Probate Law. Steve is incredibly knowledgeable and responsive, guiding me through every step of the probate process with clarity and empathy.” – Michael K.
Take control of your future and ensure your loved ones are protected. Contact San Diego Probate Law today to schedule a consultation and receive personalized guidance on navigating the complexities of estate planning.
About Steven F. Bliss Esq. at San Diego Probate Law:
Secure Your Family’s Future with San Diego’s Trusted Probate Attorney. Minimize estate taxes with stress-free Probate. We craft wills, trusts, & customized plans to ensure your wishes are met and loved ones protected.
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 San Diego Probate Law:
Address:
San Diego Probate Law3914 Murphy Canyon Rd, San Diego, CA 92123
(858) 278-2800
Map Link: https://g.co/kgs/WzT6443
Feel free to ask Attorney Steve Bliss about: “What if the estate is very small — is probate still necessary?” Or any other related questions that you may have about Probate or my probate law practice.
Important Facts About San Diego Probate Law
| Special Needs Trust | Totten Trust | Asset Protection Trust |
| Spendthrift Trust | Constructive Trust | Irrevocable Trust |
| Tax By-Pass Trust | Charitable Trust | Living Trust |