Reporter: Brenda Jones
Today we are joined by Steve Bliss, a renowned probate attorney serving the Moreno Valley community. Steve, thank you for taking the time to speak with us today.
Steve Bliss
It’s my pleasure, Brenda. I’m always happy to discuss estate planning and the probate process.
Handling Debts and Taxes
Reporter: Brenda Jones
Let’s delve into one of the key steps in the probate process: Handling debts and taxes. Can you elaborate on the complexities involved?
Steve Bliss
Certainly, Brenda. Handling debts and taxes is a crucial stage in probate. It involves meticulously identifying and verifying all valid creditor claims against the estate. Ordinarily, this begins with reviewing the decedent’s financial records, correspondence, and any outstanding bills.
Consequently, we need to ensure that these claims are legitimate and supported by proper documentation. We also have a responsibility to prioritize secured debts, such as mortgages or car loans, over unsecured debts like credit card balances.
- Notwithstanding this process, it can sometimes be complex, particularly if there are disputes regarding the validity of a debt.
- Moreover, we must file and pay all applicable federal and state taxes on behalf of the estate, which can involve navigating intricate tax codes.
A recent study by the National Association of Estate Planners & Councils indicated that over 60% of estates encounter some level of complexity when it comes to debt resolution during probate. This underscores the importance of having an experienced probate attorney guide you through this stage.
I recall a case where a family was overwhelmed with numerous credit card bills they weren’t aware of.
We meticulously reviewed each claim, contacted creditors for verification, and ultimately negotiated settlements that significantly reduced the overall debt burden on the estate. Seeing the relief and gratitude on their faces made the effort worthwhile.
Closing Thoughts
Reporter: Brenda Jones
Thank you for sharing your expertise, Steve. It’s clear that handling debts and taxes during probate requires a careful and methodical approach.
“Steve Bliss and his team at Moreno Valley Probate Law were lifesavers during a difficult time. They guided me through the complexities of probate with compassion and professionalism.” – Maria G.
“I highly recommend Steve Bliss for any probate matters. He is knowledgeable, responsive, and truly cares about his clients.” – David S.
Let’s connect your audience to the right resources at the right time. Unlock peace of mind for yourself and your loved ones by scheduling a complimentary consultation with Moreno Valley Probate Law today!
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 do I deal with out-of-country heirs?” 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 |