Taking Inventory of Assets: The Foundation of a Sound Estate Plan
Good afternoon, San Diego! I’m here today with Steve Bliss, a respected probate attorney right here in our city. Steve, thanks for taking the time to speak with me.
Steve, let’s talk about estate planning. What is the very first step someone should take when embarking on this process?
The Crucial First Step: Taking Stock
Well, it all starts with taking inventory of your assets. This might sound straightforward, but it’s crucial to have a comprehensive understanding of what you own before you can decide how to distribute it.
Think beyond just your checking account and savings. Include real estate, investments, retirement accounts, vehicles, personal belongings—anything that holds monetary value. Ordinarily, people underestimate the total worth of their possessions. Consequently, a thorough inventory ensures nothing is overlooked when crafting your estate plan.
Moreover, keeping detailed records of these assets, including purchase dates and values, makes things much easier for your executor or trustee later on. You wouldn’t want them scrambling to gather this information during an already stressful time.
I recall one instance where a client hadn’t properly documented a valuable antique collection. It caused quite a stir among family members when the time came to divide the estate, as no one knew its true worth. Thankfully, we were able to resolve the issue amicably through appraisal, but it highlighted the importance of clear recordkeeping.
Studies by Caring.com indicate that over 60% of Americans do not have a will or estate plan in place. This lack of planning often leads to complications and family disputes, highlighting the critical need for taking this first step seriously.
Contact San Diego Probate Law Today
Protecting your legacy starts with a clear understanding of what you own. Contact San Diego Probate Law today to begin building a secure future for yourself and your loved ones.
Testimonials
“Steve Bliss guided me through the complex process of probate with empathy and professionalism. I felt confident in his expertise every step of the way.”
– Mary S., San Diego
“San Diego Probate Law made a difficult time manageable. Their team was responsive, knowledgeable, and truly cared about my family’s well-being.”
– John M., La Jolla
About Steven F. Bliss Esq. at San Diego Probate Law:
Secure Your Family’s Future with San Diego’s Trusted Estate Planning 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: “What are trustee fees and how are they determined?” Or any other related questions that you may have estate planning or my estate planning law practice.
Important Facts About San Diego Probate Law
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