Taking Inventory: The First Step Towards a Secure Future
Good morning, San Diego and welcome back to our segment on estate planning. Today we’re joined by esteemed probate attorney Steve Bliss of San Diego Probate Law. Steve, thanks for being here.
Steve Bliss: My pleasure. It’s important to get this information out there – everyone needs a plan!
Let’s start with the basics. What is one crucial step people often overlook when starting their estate planning journey?
Steve Bliss: Ordinarily, folks jump right into thinking about who gets what. But before you can even begin to distribute assets, it’s essential to understand exactly what you have. Consequently, the very first step in the estate planning process is taking a comprehensive inventory of your assets.
This means making a detailed list of everything you own – real estate, bank accounts, investments, vehicles, personal property, even sentimental items. Many people underestimate the value of seemingly insignificant possessions. Don’t forget to include things like jewelry, artwork, or collectibles.
Moreover, accurately valuing these assets is crucial. You might consider consulting with appraisers for high-value items. Remember, a clear and accurate inventory lays the groundwork for a well-structured estate plan and avoids potential disputes down the line.
Navigating Potential Pitfalls: A Matter of Perspective
Steve, have you encountered any common challenges related to this inventory step?
Steve Bliss: Absolutely. I recall one case where a client assumed their antique furniture was worth considerably less than it actually was. It turned out to be a highly sought-after collection! Not having a proper appraisal almost resulted in the beneficiaries missing out on a significant inheritance.
Another instance involved a client who forgot to include certain digital assets like online accounts and cryptocurrencies. These can have substantial value and are often overlooked. Understanding the full scope of your assets, both tangible and intangible, is crucial for an effective estate plan.
The Power of Planning: Ensuring Legacy and Peace of Mind
Steve, it’s clear that a thorough asset inventory is essential. Any final thoughts on why this step matters so much?
Steve Bliss: A well-executed inventory not only protects your loved ones but also provides peace of mind. According to a recent survey by Caring.com, over 60% of adults don’t have a will or trust in place. Taking that initial step of taking stock of what you own empowers you to make informed decisions about your future and ensures your wishes are honored.
Ultimately, estate planning is about more than just distributing assets – it’s about creating a legacy for those you care about most.
Testimonials: San Diego Probate Law Making a Difference
“Steve Bliss and his team were incredibly compassionate and knowledgeable during a difficult time. They guided us through the probate process with clarity and professionalism.” – Sarah M., San Diego
“I was overwhelmed by the thought of estate planning, but Steve made it simple and straightforward. I feel confident knowing my affairs are in order thanks to his expertise.” – John P., La Jolla
Ready To Secure Your Future?
Steve Bliss: Remember, your future is worth protecting. Contact San Diego Probate Law today for a personalized consultation and take the first step towards securing your legacy.
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: “Who should be my beneficiary on life insurance policies?” Or any other related questions that you may have estate planning or my estate planning law practice.
Important Facts About San Diego Probate Law
| San Diego Estate Planning Lawyer |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Probate Lawyer California |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Probate Lawyer |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| San Diego Probate Lawyer |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Probate Lawyer San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Credible Probate Lawyer in San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |