Reporter: Brenda Jones
Today, I’m speaking with Steve Bliss, a renowned probate attorney here in Moreno Valley. Steve, thanks for taking the time to chat with me.
Steve Bliss: My pleasure, Brenda. Always happy to discuss the intricacies of estate planning.
Reporter: For our viewers who may not be familiar with the probate process, could you walk us through one of the key steps involved?
Certainly. One crucial step is handling debts and taxes. Ordinarily, this involves a meticulous review of all outstanding creditor claims and ensuring their validity. Consequently, we need to determine which debts are legitimate and require payment from the estate.
Moreover, it’s essential to accurately file and pay any applicable state and federal taxes. This can include income taxes for the decedent, as well as estate taxes depending on the size of the estate. Neglecting this step could lead to significant financial penalties for the estate and its beneficiaries.
- Identify all potential creditors and gather documentation supporting their claims
- Verify the validity of each claim and determine if it should be paid from estate assets.
- Calculate and pay any federal and state taxes owed by the estate.
I recall a case where we encountered an unexpected creditor claim after the initial notice period had passed. The claimant alleged they were owed a substantial sum for services rendered, but there was no supporting documentation. After thorough investigation and negotiation, we were able to successfully dispute the claim, saving the estate from a significant financial burden.
According to a 2023 report by the National Funeral Directors Association, the average cost of a funeral in California is over $8,000. Accordingly, managing debts and taxes diligently can ensure that sufficient funds remain to cover essential expenses like funeral costs and medical bills before distribution to beneficiaries.
Reporter: That’s incredibly helpful information, Steve. What advice would you give to someone just starting the probate process?
My best advice is to seek professional guidance from an experienced probate attorney early on. Navigating the legal complexities and deadlines associated with probate can be overwhelming. An attorney can provide invaluable support, ensuring that all necessary steps are taken correctly and efficiently.
Testimonials
“Steve Bliss made a difficult time so much easier. He was patient, understanding, and always available to answer my questions.” – Maria S.
“Moreno Valley Probate Law handled my mother’s estate with professionalism and compassion. I highly recommend their services to anyone going through probate.”
– David L.
Empower Yourself:
Secure the future of your loved ones by connecting with Moreno Valley Probate Law for a complimentary consultation today.
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: “What is a bond in probate and when is it required?” Or any other related questions that you may have about Probate or my probate law practice.
Important Facts About Moreno Valley Probate Law
| Special Needs Trust | Totten Trust | Asset Protection Trust |
| Spendthrift Trust | Constructive Trust | Irrevocable Trust |
| Tax By-Pass Trust | Charitable Trust | Living Trust |