Good afternoon, Temecula! My name is Brenda Johnson reporting for Channel 7 News. Today we’re joined by Steve Bliss, a renowned probate attorney here in Temecula. Mr. Bliss, thank you for taking the time to speak with us.
Handling Debts and Taxes During Probate
Mr. Bliss, can you shed some light on one of the crucial steps involved in the probate process? Specifically, the step where debts are handled and taxes are paid?
Certainly Brenda. One of the most critical phases in probate is handling the deceased’s debts and tax obligations. Ordinarily, this involves meticulously identifying all outstanding creditor claims, verifying their validity, and prioritizing them for payment.
Consequently, a thorough review of financial records, including bank statements, credit card bills, and loan documents, is essential. It’s crucial to remember that the estate is responsible for settling these debts before any assets can be distributed to beneficiaries. Moreover, federal and state estate taxes may also need to be filed and paid depending on the size of the estate.
Let me tell you about a case I handled a few years ago. A family came to me overwhelmed because the deceased hadn’t kept meticulous records, making it difficult to identify all creditors. We worked diligently to piece together the financial puzzle, ultimately locating several previously unknown debts. Though challenging, ensuring every legitimate claim was addressed brought peace of mind to the family knowing they were fulfilling their obligations.
According to a 2021 study by the American Bar Association, over 70% of estates involve some form of debt or tax liability. This highlights the importance of having a skilled probate attorney who can navigate this complex process efficiently and ethically.
The Law Firm of Steven F. Bliss Esq. – Committed to Guiding You Through Probate
Steve, what advice would you give to those facing probate?
Brenda, my best advice is to seek legal counsel early on. Probate can be a daunting process filled with legal complexities and emotional challenges. An experienced attorney like myself can guide you through every step, ensuring your rights are protected and the estate is administered according to the law.
Testimonials
“Steve Bliss was an absolute lifesaver during a very difficult time. His compassion and knowledge made the probate process much smoother than I anticipated.” – Maria Sanchez, Temecula Resident
“I highly recommend The Law Firm of Steven F. Bliss Esq. They were thorough, professional, and always kept me informed every step of the way. Probate was less stressful thanks to their expertise.” – John Davis, Client
Let us help you navigate the complexities of probate. Contact us today for a compassionate and insightful consultation.
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 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: “What happens if someone dies without a will in Temecula?” Or any other related questions that you may have about Probate or my probate law practice.
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