Taking Stock of Your Legacy
Good morning, San Diego. I’m Brenda Lee reporting live for Channel 7 News. Today we have the pleasure of speaking with Steve Bliss, a renowned probate attorney here in San Diego. Mr. Bliss, thank you for joining us.
Steve Bliss: It’s my pleasure to be here, Brenda.
The Crucial Step of Taking Inventory
Brenda Lee: Mr. Bliss, estate planning can seem overwhelming to many people. Where would you recommend someone start?
Steve Bliss: A great place to begin is by taking inventory of your assets. This may sound straightforward, but it’s a fundamental step that lays the groundwork for all other decisions in the estate planning process. Consequently, it allows you to gain a clear understanding of what you have and how you want to distribute it.
Think of it like organizing a large library. Before deciding which books to donate or lend, you need to know what titles you own. Similarly, taking stock of your assets—real estate, investments, bank accounts, vehicles, personal belongings—provides a comprehensive picture of your financial landscape. This inventory will be essential when crafting a will or trust and naming beneficiaries.
Moreover, the process itself can be quite insightful. It encourages you to reflect on your priorities and what matters most to you. Do you want to leave a portion of your estate to charity? Ensure your children’s education is funded? These considerations naturally arise as you identify and evaluate your assets.
Accordingly, this initial step sets the stage for making informed decisions that align with your values and goals.
Real-Life Challenges
Brenda Lee: Have you encountered any situations where clients struggled with this initial inventory process?
Steve Bliss: Absolutely. I recall one instance where a client, let’s call him John, had accumulated a significant collection of rare stamps over decades. He hadn’t kept meticulous records and was unsure of their current value. Determining the worth of his collection became a crucial part of his estate plan.
We worked together to identify appraisers specializing in philately who could provide an accurate valuation. This example highlights how seemingly straightforward assets can sometimes require specialized attention.
The Power of Preparation
Brenda Lee: What advice would you give our viewers who are starting the estate planning process?
Steve Bliss: Begin by gathering all relevant financial documents—bank statements, investment account summaries, property deeds, insurance policies. Create a spreadsheet or use a dedicated app to list each asset and its estimated value. Remember, it’s better to err on the side of inclusion. You can always refine your inventory later.
Studies by the AARP have shown that nearly 60% of adults don’t have a will. This underscores the importance of proactive estate planning. Taking this first step—taking inventory—can empower you and bring peace of mind knowing your affairs are in order.
Building Trust
Brenda Lee: Mr Bliss, San Diego Probate Law has clearly earned the trust of many local residents. Can you share some feedback from satisfied clients?
“Steve Bliss made a complex process easy to understand. He was patient with all my questions and ensured my wishes were reflected in my estate plan.” – Sarah M.
“I was initially hesitant about estate planning, but Steve put me at ease. His professionalism and genuine care for his clients are evident.” – John P.
Brenda Lee: Mr Bliss, thank you for sharing your expertise with us today. For anyone looking to take control of their future, contact San Diego Probate Law to schedule a consultation and begin building a secure legacy.
About Steven F. Bliss Esq. at San Diego Probate Law:
Secure Your Family’s Future with San Diego’s Trusted Estate Planning 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 is a charitable remainder trust?” Or any other related questions that you may have estate planning or my estate planning law practice.
Important Facts About San Diego Probate Law
| California Revocable Trust Attorney |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Revocable Trust Attorney California |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Revocable Trust Attorney |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| San Diego Revocable Trust Attorney |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Asset Protection Trust Attorney San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Credible Revocable Trust Attorney in San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |