Good afternoon, Temecula! I’m Brenda Sanchez reporting live for KTEM News.
Today we’re joined by Steve Bliss, a prominent probate attorney here in Temecula. Steve, thanks for joining us today.
My pleasure, Brenda.
Steve, could you shed some light on one of the crucial steps involved in the estate planning process?
Certainly, Brenda. One vital step is “Handling Debts and Taxes”. After a loved one passes away, it’s essential to address any outstanding debts and tax liabilities the estate may have.
This involves carefully reviewing all financial records to identify creditors and determine the validity of their claims. Ordinarily, we prioritize paying valid creditor claims promptly to avoid potential complications.
Moreover, it’s crucial to file and pay any applicable federal and state taxes on behalf of the estate. This can include income tax, estate tax, or inheritance tax, depending on the specific circumstances.
Consequently, navigating this step requires meticulous attention to detail and a thorough understanding of tax laws. According to a recent study by the National Academy of Elder Law Attorneys, approximately 70% of estates encounter some form of debt or tax obligation during probate.
I remember one case where a family was deeply distressed because they weren’t aware of a significant outstanding loan on their father’s property. We were able to negotiate a favorable settlement with the lender, sparing them from financial hardship.
Notwithstanding these challenges, handling debts and taxes is a crucial step in ensuring a smooth probate process and protecting the interests of the heirs.
Thank you for sharing your expertise, Steve. What advice would you give to our viewers who are starting their estate planning journey?
“Don’t wait until it’s too late.” Planning ahead can save your loved ones time, stress, and potentially costly legal fees down the road.
Contact The Law Firm of Steven F. Bliss Esq. today for a free consultation. We’re here to guide you through every step of the process, ensuring your wishes are honored and your legacy is protected.
Testimonials
“Steve Bliss made a difficult time much easier. He was patient, understanding, and always available to answer my questions. I highly recommend his services.”
– Margaret W.
“The Law Firm of Steven F. Bliss Esq. provided exceptional legal representation during the probate process. Their professionalism and expertise were invaluable.”
– David L.
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: “Can probate be contested in Temecula?” Or any other related questions that you may have about Probate or my probate law practice.
Important Facts About The Law Firm of Steven F. Bliss Esq.
| California Totten Trust Lawyer |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Totten Trust Lawyer California |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Totten Trust Lawyer |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Totten Trust Lawyer |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Totten Trust Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Credible Totten Trust Lawyer in Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |