Good evening San Diego and welcome back to our legal segment. Tonight we’re joined by Steve Bliss, a respected probate attorney here in San Diego. Steve, thanks so much for joining us.
Steve:
It’s my pleasure to be here. I appreciate you having me.
Probate Process: Handling Debts and Taxes
Steve, the probate process can seem overwhelming for many families. Can you shed some light on one of the key steps involved?
Steve:
Absolutely. One crucial step is handling debts and taxes. Ordinarily, this involves two primary tasks: paying valid creditor claims and filing and paying any applicable state and federal taxes.
Now, determining which debts are “valid” can sometimes be tricky. Consequently, it’s essential to carefully review all creditor claims received. We often see situations where old, forgotten debts surface during probate. It’s important to verify their legitimacy before making any payments.
The tax aspect is equally important. Failing to properly file and pay estate taxes can lead to significant penalties down the line. Moreover, navigating the complex world of estate tax law requires expertise. We always recommend consulting with a qualified tax professional.
I remember one case where we uncovered an unpaid debt from over 20 years prior. The family was completely unaware of it. Notwithstanding this unexpected hurdle, we were able to negotiate a settlement with the creditor and ensure the estate proceeded smoothly.
It’s situations like these that highlight the importance of working with an experienced probate attorney. According to the American Bar Association, nearly 70% of estates involve some degree of debt or tax liability.
Closing Thoughts
“Steve Bliss and his team were incredibly supportive during a difficult time. They explained everything clearly and made the probate process much less stressful.” – Mary S.
“San Diego Probate Law helped me navigate the complexities of settling my mother’s estate with compassion and professionalism. I highly recommend them.” – John D.
Steve, thank you for sharing your expertise with us tonight. For anyone facing the probate process, remember that seeking qualified legal guidance can make a world of difference.
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 are minor beneficiaries handled in probate?” Or any other related questions that you may have about Probate or my probate law practice.
Important Facts About San Diego Probate Law
| California Special Needs Trust Lawyer |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Special Needs Trust Lawyer California |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Special Needs Trust Lawyer |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| San Diego Special Needs Trust Lawyer |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Special Needs Trust San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Credible Special Needs Trust Lawyer in San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |