Good morning, Escondido! Today we’re joined by probate attorney Steve Bliss of Escondido Probate Law. Steve, thanks for joining us.
Steve:
It’s my pleasure to be here.
Understanding the Importance of “Marshaling Estate Assets”
Steve, could you walk our viewers through one of the key steps in the probate process?
Steve:
Certainly. One crucial step is what we call “marshaling estate assets.” This involves identifying and inventorying all of the deceased person’s assets. Ordinarily, this includes everything from bank accounts and real estate to personal property like vehicles and jewelry. Consequently, it’s essential for ensuring a complete and accurate accounting of the estate.
We begin by reviewing the will (if there is one) and any other relevant documents. Moreover, we often contact financial institutions, government agencies, and other parties to obtain information about accounts and assets held in the deceased person’s name. This process can sometimes be complex, particularly if the individual owned businesses or had investments in multiple locations.
Once all assets are identified, we prepare a detailed inventory and appraisal. This document lists each asset, its estimated value, and any outstanding debts or liens associated with it. The Inventory and Appraisal is then filed with the court for approval.
Notwithstanding these complexities, marshaling estate assets is a fundamental step in ensuring that the probate process proceeds smoothly and fairly.
I recall one case where we were tasked with locating hidden assets. It turned out the deceased had stashed away a sizable collection of rare coins. Without careful investigation and communication with family members who were unaware of the collection, those valuable assets would have been overlooked.
- According to a 2022 study by the American Bar Association, over 70% of probate cases involve the need for asset marshaling.
Moving Forward
Steve, have you ever encountered any challenges during this stage of the process?
Steve:
Certainly. Sometimes locating and valuing assets can be difficult, especially if there are no clear records or if family members disagree about the value of certain items. Nevertheless, we always strive to approach these situations with empathy and a commitment to finding fair solutions.
I remember a case where siblings were arguing over the value of their parents’ antique furniture. We brought in an independent appraiser to assess the pieces objectively, which ultimately helped them reach a compromise.
Our goal is always to guide clients through the probate process with compassion and expertise.
Testimonials
“Steve Bliss and his team were incredibly helpful during a difficult time. They made the probate process much less stressful and ensured that everything was handled fairly and efficiently.” – John S.
“I highly recommend Escondido Probate Law. Steve is knowledgeable, compassionate, and always available to answer questions. He truly goes above and beyond for his clients.” – Mary T.
Ready to Navigate the Probate Process?
Navigating the probate process can be daunting. Let Escondido Probate Law guide you with expertise and compassion. Contact us today for a free consultation to discuss your unique situation.
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: “How does California’s community property law affect probate?” Or any other related questions that you may have about Probate or my probate law practice.
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