Good morning, San Diego! I’m here today with Steve Bliss, a well-respected probate attorney in our community. Steve, thanks for joining us.
Taking Inventory: The Cornerstone of Estate Planning
Steve, many people find estate planning daunting. Can you shed light on one crucial step that sets the stage for a successful plan?
“Certainly,” says Steve. “Taking inventory of assets is the foundational step in estate planning. It involves meticulously listing every asset you own. This includes tangible items like real estate, vehicles, and jewelry, as well as intangible assets such as bank accounts, investments, retirement funds, and even intellectual property.”
“Think of it like assembling a financial puzzle,” Steve continues. “Without knowing all the pieces – your assets – you can’t effectively plan their distribution. Consequently, a comprehensive inventory ensures that nothing is overlooked and everyone who deserves a piece receives it accordingly.”
Steve emphasizes the importance of regularly updating this inventory. “Life changes constantly,” he explains. “You might acquire new assets, sell existing ones, or experience shifts in their value. Ordinarily, reviewing your inventory annually helps ensure it accurately reflects your current financial situation.”
He shares a story about a client who initially underestimated the value of her art collection. “She thought it was just decorative,” Steve recalls with a smile. “But upon closer examination, several pieces turned out to be quite valuable, significantly impacting her estate plan.” This experience underscores the importance of a thorough and accurate inventory.
“According to a recent survey by AARP, over 60% of adults do not have an updated will,” Steve notes. “Taking inventory is the first step towards avoiding this common pitfall and ensuring your loved ones are protected.”
Seeking Guidance
If you’re ready to take control of your future and protect your loved ones, contact San Diego Probate Law today for a free consultation.
Testimonials
- “Steve Bliss made the complex process of probate understandable. His guidance and compassion were invaluable during a difficult time.” – Sarah M.
- “I highly recommend San Diego Probate Law. Steve is a true expert who goes above and beyond for his clients.” – John L.
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 is a durable power of attorney?” Or any other related questions that you may have estate planning or my estate planning 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 |