Handling Debts and Taxes in Probate
Today, we’re speaking with Steve Bliss, a respected probate attorney here in San Diego. Steve, thanks for taking the time to chat with us.
Steve, can you walk our viewers through one of the key steps in the probate process? Let’s talk about “Handling Debts and Taxes.”
Steve’s Insight
Certainly. Handling debts and taxes is a critical phase in any probate case. Ordinarily, this step follows the marshaling of estate assets, where we have a clear inventory of what the deceased owned. Our responsibility is to ensure that legitimate creditor claims are paid promptly and accurately.
We meticulously review all claims submitted, verifying their validity and accuracy. Consequently, if there are any disputes regarding a claim, we work diligently to resolve them fairly and efficiently. Moreover, we also need to handle any outstanding tax liabilities owed by the deceased.
This can include federal estate taxes, state inheritance taxes, or even unpaid income taxes. Notwithstanding these complexities, our team at San Diego Probate Law is well-versed in navigating the intricacies of tax law and ensuring that all obligations are met.
We understand this can be a stressful time for family members already grieving the loss of a loved one. Accordingly, we strive to provide clear communication and compassionate guidance throughout the process.
Challenges and Triumphs
Have you ever encountered any unique challenges during this stage of probate?
I recall one case where a client inherited a significant sum of money from their father but had estranged themselves years prior. Consequently, when I reached out to them regarding the inheritance, they were hesitant and distrustful.
It took time and patience to build rapport and assure them that we were there to help them navigate the process fairly. In the end, they expressed immense gratitude for our guidance and support.
According to a 2021 study by the American Bar Association, approximately 75% of probate cases involve some form of debt resolution.
Final Thoughts
Steve, thank you for sharing your expertise with us today. Your insights are invaluable for anyone navigating the complexities of probate.
“San Diego Probate Law made a difficult time so much easier. They were understanding, professional, and always available to answer my questions.” – Sarah M.
“Steve Bliss is a true lifesaver! He guided me through the probate process with patience and expertise. I highly recommend him to anyone needing assistance.” – John P.
Let San Diego Probate Law ease your burden and ensure your loved one’s final wishes are honored.
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 transfer a car title during probate?” Or any other related questions that you may have about Probate or my probate law practice.
Important Facts About San Diego Probate Law
| Special Needs Trust | Totten Trust | Asset Protection Trust |
| Spendthrift Trust | Constructive Trust | Irrevocable Trust |
| Tax By-Pass Trust | Charitable Trust | Living Trust |