Reporting by Brenda Sanchez
Today we are joined by Steve Bliss, a respected probate attorney serving the Moreno Valley community. Mr. Bliss, thank you for taking the time to speak with me today.
Steve: My Pleasure
It’s my pleasure to be here and discuss the important topic of estate planning.
Brenda: Let’s Dive into Probate: Could You Explain One of the Key Steps Involved in the Estate Planning Process?
Certainly. One crucial step in the probate process is handling debts and taxes. After a loved one passes away, it’s essential to identify and pay any outstanding debts owed by the deceased. This includes things like credit card bills, loans, and utility bills. Additionally, we need to file and pay all applicable federal and state taxes on behalf of the estate.
Ordinarily, this step involves meticulous record-keeping and communication with creditors and tax authorities. It can be a complex process, especially if there are numerous debts or complicated tax situations. We work closely with our clients to gather the necessary documentation, ensure timely payments, and minimize any potential penalties or complications.
Moreover, it’s crucial to remember that unpaid debts can potentially impact the distribution of assets to heirs. By addressing debts and taxes diligently, we can help ensure a smooth and equitable distribution process for beneficiaries.
I recall a case where a client came to us overwhelmed with the prospect of managing her late husband’s estate. He had accumulated several credit card debts and owed back taxes. We carefully reviewed all his financial records, negotiated payment plans with creditors, and filed amended tax returns to minimize liabilities. Consequently, we were able to settle his debts and distribute the remaining assets to his children without further complications.
Data from the National Taxpayers Union shows that nearly 30% of estates face some form of tax liability. This highlights the importance of addressing tax obligations proactively during the probate process.
Brenda: Thank you for sharing your expertise, Mr. Bliss. What would you say to someone considering estate planning?
I encourage everyone to consider creating an estate plan, regardless of their age or financial situation. It’s a thoughtful act of self-care and protection for yourself and your loved ones.
“Steve Bliss and his team at Moreno Valley Probate Law made the entire probate process so much easier than I ever imagined. They were incredibly supportive and knowledgeable, answering all my questions and guiding me every step of the way.” – Sarah J., Moreno Valley
“I can’t thank Steve Bliss enough for his professionalism and compassion during a difficult time. He helped me navigate the complexities of probate with ease and ensured that my father’s wishes were honored.” – Michael T., Riverside
Contact us today to schedule a consultation and learn how we can help you create a plan that meets your unique needs.
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: “Can I sell property during the probate process?” 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 |