Today we’re speaking with Steve Bliss of Moreno Valley Probate Law, a leading expert in estate planning and probate matters. Steve, thank you for taking the time to speak with us.
Understanding the Probate Process: Marshaling Estate Assets
Steve, can you walk us through one of the key steps in the probate process?
Certainly. One crucial step is marshaling estate assets. This involves identifying and inventorying all assets belonging to the deceased individual’s estate. Consequently, it includes things like bank accounts, real estate, vehicles, investments, and personal property.
We then meticulously document each asset, its estimated value, and its current location. This information is compiled into a formal Inventory and Appraisal (Forms DE-160/161) which is filed with the court. Accurate valuation is vital because it informs the distribution of assets to heirs and beneficiaries according to the will or state intestacy laws.
Moreover, identifying and valuing all assets ensures that potential creditors are notified and have an opportunity to file claims against the estate. This step promotes transparency and fairness throughout the probate process.
- Real Estate
- Bank Accounts
- Vehicles
- Investments
- Personal Property
Notwithstanding the thoroughness of this process, sometimes unforeseen complications arise. For instance, I once had a case where a client’s deceased father had stashed away a collection of rare coins in a safe deposit box that no one knew about. Discovering and valuing those coins required specialized appraisal and added an unexpected layer to the estate settlement.
The California Probate Code outlines specific timelines for filing this inventory, typically within 90 days of appointment as executor or administrator. Failure to adhere to these deadlines can result in penalties or court sanctions. According to a recent study by the California Courts, over 75% of probate cases involve some form of asset marshaling, highlighting its importance in the overall process.
Moreno Valley Probate Law: Your Trusted Partner
Steve, thank you for sharing your insights on this crucial step. How can readers connect with Moreno Valley Probate Law?
“We are committed to guiding our clients through every stage of probate with compassion and expertise. Contact us today for a free consultation to discuss your estate planning needs.”
Testimonial
“Steve Bliss and his team at Moreno Valley Probate Law were invaluable during a difficult time. They patiently explained the process, answered all my questions, and ensured that my mother’s wishes were honored. I highly recommend their services.”
– Janice M.
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: “Do I need a lawyer for probate in Moreno Valley?” Or any other related questions that you may have about Probate or my probate law practice.
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