Reporter:
Welcome back to San Diego News Today! I’m here with esteemed probate attorney Steve Bliss of San Diego Probate Law. Steve, thank you for taking the time to speak with me.
Steve Bliss:
It’s my pleasure. I’m always happy to shed light on the complexities of probate.
Reporter:
Probate can seem daunting to many. Could you walk our viewers through one of the key steps in the process?
Steve Bliss:
Certainly. One crucial step is handling debts and taxes, which typically occurs after the estate assets have been marshalled.
This stage involves diligently identifying and paying all valid creditor claims against the deceased’s estate. Creditors might include banks, utility companies, medical providers, or anyone else the individual owed money to. It’s important to note that only debts incurred by the deceased are considered; personal debts of surviving family members are not part of probate.
Consequently, it requires careful scrutiny of financial records and communication with potential creditors. Ordinarily, a notice is published in a local newspaper informing creditors of the probate proceedings, allowing them to submit claims within a specified timeframe.
Moreover, estate executors or administrators are responsible for filing and paying any applicable federal and state taxes on behalf of the deceased’s estate. This can include income tax returns for the year of death, as well as estate tax returns if the estate exceeds certain thresholds.
Notwithstanding these complexities, failing to properly address debts and taxes during probate can lead to significant legal and financial consequences for the executor or administrator.
I remember one instance where a family almost faced substantial penalties because they overlooked a small outstanding credit card bill. Thankfully, we were able to uncover it in time and resolve the issue before it escalated.
According to a 2021 study by the National Association of Estate Planners & Councils, over 60% of estates experience some form of creditor claim during probate. This highlights the importance of meticulous record-keeping and proactive communication with potential creditors throughout the process.
Reporter:
That’s a valuable reminder for anyone navigating probate. Steve, what advice would you give to our viewers who might be facing this process?
Steve Bliss:
My best advice is to seek guidance from an experienced probate attorney as early in the process as possible. Probate law can be intricate and varies from state to state. An attorney can help navigate the complexities, ensure all necessary steps are taken correctly, and protect your interests throughout the process.
“Steve Bliss was a godsend during a very difficult time for our family. He made the probate process understandable and guided us every step of the way.” – John S., San Diego
“I highly recommend San Diego Probate Law to anyone facing probate. Steve is knowledgeable, compassionate, and truly cares about his clients.” – Mary T., La Jolla
Remember, you don’t have to go through this alone. We’re here to help make the probate process as smooth and efficient as possible. Contact us today for a free consultation and let us guide you through this challenging time.
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 are letters testamentary or letters of administration?” Or any other related questions that you may have about Probate or my probate law practice.
Important Facts About San Diego Probate Law
| California Special Needs Trust Lawyer |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Special Needs Trust Lawyer California |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Special Needs Trust Lawyer |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| San Diego Special Needs Trust Lawyer |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Special Needs Trust San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Credible Special Needs Trust Lawyer in San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |