Meet the Expert
Good afternoon, and welcome back to Moreno Valley News Today. I’m Brenda Flores, and today we have a local expert joining us. Please welcome Steve Bliss, an experienced probate attorney right here in Moreno Valley.
The Importance of Handling Debts and Taxes
Steve, thank you for being here. Probate can be a complicated process for grieving families. Could you explain one crucial step that often arises during probate?
It’s my pleasure to be here, Brenda. One key step in the probate process is handling debts and taxes. Ordinarily, this happens after the executor or administrator has been appointed by the court. It involves identifying and paying valid creditor claims against the estate. This can range from outstanding bills like utilities and credit card debt to loans.
Moreover, it’s essential to file and pay any applicable state and federal taxes owed by the deceased. Consequently, failing to address these financial obligations properly can lead to delays in probate and even legal complications.
I recall one case where a family was deeply distressed because they hadn’t realized their loved one had accumulated significant credit card debt. We were able to work with the creditors to negotiate a settlement, ultimately easing some of the burden on the grieving family.
It’s not uncommon for estates to face tax liabilities. According to the IRS, approximately 57% of estates file estate tax returns (IRS Data Book, 2021). This underscores the importance of seeking professional guidance from a probate attorney who understands the complexities of tax laws and can ensure compliance.
- Identify all creditors
- Review outstanding debts
- Negotiate settlements when appropriate
- File necessary tax returns (federal and state)
- Pay any taxes owed by the estate
Closing Thoughts
Steve, thank you so much for sharing your expertise. For anyone navigating the probate process, where can they turn for help?
Brenda, it’s always my privilege to shed light on this important topic. Anyone facing a probate matter in Moreno Valley should not hesitate to contact Moreno Valley Probate Law. We offer compassionate and experienced legal guidance to help families through this difficult time.
Testimonials
“Steve Bliss made a stressful situation so much easier. He explained everything clearly, answered all my questions patiently, and always kept me informed throughout the process.”
– Maria S., Moreno Valley
“I was overwhelmed with grief after losing my father, but Steve took care of everything related to his estate. His professionalism and understanding were invaluable during a difficult time.”
– John D., Moreno Valley
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: “Can an out-of-state person serve as executor in Moreno Valley?” 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 |