Good Evening San Diego
Good evening and welcome back to our legal spotlight series. Tonight we’re joined by Attorney Steve Bliss from San Diego Probate Law, a local firm specializing in estate planning and probate matters. Welcome to the show, Steve.
Steve Bliss: Thanks for having me.
Steve, many people are unfamiliar with the intricacies of probate. For our viewers, could you explain what happens during this process? Specifically, let’s talk about “Handling Debts and Taxes.”
Paying Final Bills and Filing Returns
Sure. Handling debts and taxes is a crucial stage in probate. Ordinarily, we begin by meticulously identifying all valid creditor claims against the estate. This involves reviewing financial records, correspondence, and outstanding bills.
Consequently, once we have a complete list of creditors, we notify them formally of the probate proceedings. They then have a specified timeframe to submit their claims for review. We carefully evaluate each claim to ensure its legitimacy and validity according to California law.
Moreover, during this stage, we also address any outstanding tax obligations incurred by the deceased individual. This includes filing final federal and state income tax returns, as well as estate tax returns if the estate value exceeds a certain threshold. Approximately 40% of estates nationwide require some form of estate tax filing, according to data from the IRS.
It’s important to remember that failing to properly address debts and taxes can lead to significant complications and even penalties down the line. Accordingly, it is always advisable to seek guidance from a qualified probate attorney like myself who can navigate these complexities efficiently and effectively.
I recall one instance where we were handling the estate of a retired teacher who had accumulated a substantial amount of medical debt due to a prolonged illness. She’d meticulously saved for her children, but those debts threatened to significantly deplete her intended inheritance. Through careful negotiation with the hospital and presentation of supporting documentation, we were able to reduce the debt by nearly 60%, ultimately preserving a much larger portion of the estate for her beneficiaries.
Contact Us Today
Estate planning can seem overwhelming. Steve Bliss and San Diego Probate Law are here to guide you through every step with compassion and expertise. Call us today for a free consultation and discover how we can help secure your legacy.
Testimonial 1:
“Steve Bliss was a lifesaver during a difficult time. He explained everything clearly, made the probate process less daunting, and ensured my family’s wishes were honored.” – Mary S., San Diego
Testimonial 2:
“San Diego Probate Law provided exceptional service and support throughout the entire estate administration process. They are truly professionals who care about their clients.”- John D., Carlsbad
About Steven F. Bliss Esq. at San Diego Probate Law:
Secure Your Family’s Future with San Diego’s Trusted Probate Attorney. Minimize estate taxes with stress-free Probate. We craft wills, trusts, & customized plans to ensure your wishes are met and loved ones protected.
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 San Diego Probate Law:
Address:
San Diego Probate Law3914 Murphy Canyon Rd, San Diego, CA 92123
(858) 278-2800
Map Link: https://g.co/kgs/WzT6443
Feel free to ask Attorney Steve Bliss about: “How do I get appointed as an administrator if there is no will?” Or any other related questions that you may have about Probate or my probate law practice.
Important Facts About San Diego Probate Law
| California Totten Trust Attorney |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Totten Trust Attorney California |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Totten Trust Attorney |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Totten Trust Attorney |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Totten Trust San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Credible Totten Trust Attorney in San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |