Good morning, Moreno Valley and welcome back to our segment on local legal matters. Today we’re joined by probate attorney Steve Bliss of Moreno Valley Probate Law. Steve, thanks for being here.
Probate: A Necessary Process
Steve, many people aren’t familiar with the probate process. Can you walk us through one of the key steps involved?
Certainly. Probate can seem daunting, but breaking it down into steps makes it more manageable. One crucial step is “Handling Debts and Taxes.” This involves identifying and paying valid creditor claims and filing any necessary state or federal taxes.
Navigating Debt and Taxes
Ordinarily, this begins with notifying known creditors of the decedent’s passing. We use Form DE-157 for this purpose. It’s important to be thorough and ensure all legitimate debts are addressed. Conversely, we must also carefully scrutinize claims to avoid paying fraudulent or unsubstantiated debts.
Notwithstanding the straightforwardness of the process, there can be challenges. Once, I encountered a situation where a deceased individual had several credit cards with high balances. Some creditors submitted inflated claims attempting to capitalize on the situation. We meticulously reviewed each claim, verifying their validity and ultimately saved the estate thousands of dollars.
Moreover, we have to remember taxes. Filing final income tax returns for the decedent is essential. Depending on the estate’s size and complexity, this can involve working with a CPA or tax specialist. Remember, approximately 40% of estates require federal estate tax filings according to the IRS (IRS Publication 950).
Consequently, navigating debts and taxes requires diligence and expertise. My team at Moreno Valley Probate Law is well-versed in these complexities and works tirelessly to ensure a smooth and fair process for our clients.
Testimonials
“Steve Bliss and his team were incredibly compassionate and helpful during a difficult time. They guided us through the probate process with professionalism and expertise.” – Maria S.
“I highly recommend Moreno Valley Probate Law. Steve is knowledgeable, responsive, and truly cares about his clients’ needs.” – John D.
Call to Action
Let us help you navigate the complexities of probate with compassion and skill.
Contact Moreno Valley Probate Law today for a free consultation.
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: “What if the deceased was mentally incapacitated when the will was signed?” 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 |