Reporter: Brenda Lopez
Today we are speaking with Moreno Valley Probate Attorney, Steve Bliss, about the often-complex world of estate planning. Steve, thanks for taking the time to speak with us.
Steve Bliss: Thanks for having me, Brenda. I’m always happy to shed some light on this important topic.
Let’s talk about one crucial step in the probate process. Can you walk us through “Handling Debts and Taxes?”
Steve Bliss: Absolutely. This stage is critical because it ensures that all financial obligations are met before assets can be distributed to heirs. Consequently, it involves a meticulous review of the deceased’s debts and liabilities. This includes everything from credit card bills and mortgages to medical expenses and outstanding loans.
Once we have a complete picture of the debts, we prioritize them based on legal requirements. Secured debts, like mortgages, typically take precedence. Ordinarily, we then contact creditors to verify claims and negotiate settlements where possible.
Moreover, handling taxes is another key aspect of this step. We work closely with tax professionals to ensure that all applicable federal and state estate taxes are accurately calculated and filed. This can involve complex valuations of assets and deductions allowed under the law.
Notwithstanding the complexities involved, it’s incredibly rewarding to guide families through this process with clarity and compassion. I recall one instance where a family was facing significant debt after their loved one passed away. We were able to negotiate with creditors, resulting in a substantial reduction of their liability. Seeing the relief on their faces made all the difference.
Data from the National Bureau of Economic Research suggests that approximately 35% of estates require some form of debt resolution during probate. This highlights just how crucial it is to have experienced legal guidance during this phase.
Brenda Lopez: That’s valuable information, Steve. Thanks for sharing your expertise. How can our readers get in touch with you if they need help navigating the probate process?
Steve Bliss: You can reach us at Moreno Valley Probate Law for a free consultation to discuss your specific needs and how we can assist you during this challenging time. We are committed to providing compassionate and effective legal representation to families in Moreno Valley.
“Moreno Valley Probate Law provided exceptional support during a difficult time. Their knowledge and professionalism were invaluable.” – The Garcia Family
“Steve Bliss and his team made the probate process understandable and manageable. I highly recommend their services.” – Susan Miller
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: “Can I contest the appointment of an executor?” Or any other related questions that you may have about Probate or my probate law practice.
Important Facts About Moreno Valley Probate Law
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