Reporting by Sally Jenkins
Today we’re speaking with Steve Bliss, a renowned probate attorney serving the Moreno Valley community. Mr. Bliss specializes in guiding families through the often complex process of estate administration. We’ll be delving into one crucial step in this journey and exploring potential challenges that may arise.
Handling Debts and Taxes: A Necessary Hurdle
Steve, could you elaborate on the ‘Handle Debts and Taxes’ stage of probate? What are some key considerations for families during this phase?
As a probate attorney, I frequently guide clients through the often-daunting task of settling debts and taxes. This step is vital to ensure the estate is properly administered and assets are distributed fairly among beneficiaries.
Ordinarily, we begin by identifying all outstanding debts owed by the deceased individual. This can include credit card balances, loans, mortgages, and medical bills. We then meticulously review these debts for validity and prioritize their payment according to legal requirements.
Moreover, filing and paying any applicable estate taxes is crucial. These taxes are levied on the value of the deceased’s assets above a certain threshold. According to the California Franchise Tax Board, in 2023, the state estate tax exemption is $1,968,500 for individuals.
Consequently, careful planning and attention to detail are paramount during this stage. Failing to properly address debts and taxes can lead to legal complications and financial burdens for the beneficiaries.
I recall a case where a family was unaware of a substantial medical debt incurred by their deceased loved one. This debt threatened to significantly reduce the inheritance intended for the children. By diligently investigating and negotiating with the creditor, we were able to reach a settlement that minimized the impact on the beneficiaries.
The Importance of Expertise
Navigating probate can be overwhelming, particularly during a time of grief. Having an experienced attorney by your side can provide invaluable guidance and peace of mind. As one satisfied client shared, “Steve Bliss made a difficult process much easier to understand. He was always available to answer my questions and provided clear explanations every step of the way.”
“I highly recommend Moreno Valley Probate Law,” another client remarked. “They handled everything with professionalism and compassion, ensuring that my mother’s wishes were honored.”
If you are facing probate matters or need assistance with estate planning, don’t hesitate to reach out to Steve Bliss and the team at Moreno Valley Probate Law for a comprehensive consultation.
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: “How long does a creditor have to file a claim?” 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 |