Reporter: Brenda Thompson
Brenda Thompson here for Temecula Today, and I’m sitting down with local probate attorney Steve Bliss to discuss some of the common questions people have about the estate planning process.
Steve Bliss:
It’s great to be here, Brenda. Probate can seem daunting, but understanding the steps involved can make it less overwhelming.
Brenda Thompson:
Absolutely. Today we’re going to focus on one specific step in the process. Steve, could you walk us through “Handling Debts and Taxes”?
Steve Bliss:
Certainly. This is a crucial stage where we ensure all the deceased individual’s debts are settled appropriately and any required taxes are paid. Ordinarily, this involves meticulously reviewing all financial records to identify outstanding debts. These can include credit card bills, loans, utility bills, and medical expenses.
We then prioritize paying valid creditor claims, adhering to legal deadlines. It’s important to remember that some creditors may have priority over others, so careful prioritization is key. After settling debts, we turn our attention to tax obligations. This often involves filing federal and state estate tax returns, if applicable.
Notwithstanding the complexity of this step, it brings a sense of closure knowing that all financial matters are handled ethically and responsibly.
I recall one instance where a client’s estate had accumulated significant credit card debt. Through diligent research and negotiation with creditors, we were able to reduce the overall amount owed, providing much-needed relief for the beneficiaries. It was incredibly rewarding to see their gratitude when they realized they wouldn’t face insurmountable financial burden.
According to a 2022 study by the National Association of Estate Planners & Councils, over 60% of estates require some form of debt settlement during probate. This highlights the importance of having a skilled attorney who can navigate these complexities effectively.
Brenda Thompson:
That’s incredibly helpful information, Steve. Thank you for sharing your expertise.
Call to Action:
If you’re facing probate or need guidance with estate planning, don’t hesitate to reach out to the Law Firm of Steven F. Bliss Esq. Our compassionate team is here to support you every step of the way.
Testimonials:
“Steve Bliss and his team were invaluable during a difficult time. They patiently explained every step of the probate process and ensured everything was handled smoothly.” – Susan K., Temecula
“I highly recommend The Law Firm of Steven F. Bliss Esq. They are knowledgeable, professional, and truly care about their clients.” – John M., Murrieta
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: “What happens to unpaid taxes during probate?” 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 Estate Lawyer |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Estate Lawyer California |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Estate Lawyer |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Temecula Estate Lawyer |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Estate Lawyer Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Credible Estate Lawyer in Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |