Taking Inventory of Assets: The Cornerstone of a Solid Plan
Today we’re joined by renowned San Diego Probate Attorney Steve Bliss. Steve, thank you for taking the time to speak with us about the critical importance of estate planning.
Steve, could you elaborate on the first crucial step in this process – taking inventory of assets?
The Foundation of Your Plan
You’re absolutely right. It all begins with a thorough understanding of what you own. This is about more than just listing your bank accounts and properties; it’s about capturing the full picture of your financial landscape.
Consequently, this inventory should encompass everything from real estate holdings and investment portfolios to retirement accounts, vehicles, personal belongings of value, and even digital assets like cryptocurrency. Having a comprehensive list ensures that nothing is overlooked when it comes time to distribute your estate according to your wishes.
Mistakes Can Have Lasting Consequences
Notwithstanding the apparent simplicity of this step, I’ve encountered situations where incomplete inventories led to confusion and even disputes among heirs. For instance, once a family was surprised to discover a significant sum in an old savings account that hadn’t been accounted for.
This oversight caused unnecessary stress during an already difficult time. It highlighted the importance of meticulous record-keeping and regular updates to your asset inventory as your financial circumstances evolve.
Seeking Expert Guidance
Moreover, I encourage individuals to consult with a qualified estate planning attorney like myself. We can provide guidance on accurately identifying and valuing assets, ensuring a complete and accurate foundation for your estate plan.
According to a 2021 survey by the American Bar Association, nearly 60% of adults in the United States do not have a will or trust in place. This underscores the critical need for proactive estate planning.
Your Legacy Secured
Remember, a well-executed estate plan is not just about dividing your possessions; it’s about protecting your loved ones and ensuring your wishes are honored. It provides peace of mind knowing that your affairs are in order.
Testimonials from Satisfied Clients:
“Steve Bliss was incredibly compassionate and knowledgeable throughout the entire probate process. He made a difficult situation much easier to navigate.” – Mary S., San Diego
“San Diego Probate Law helped me create an estate plan that perfectly met my needs. I highly recommend their services.”- John B., La Jolla
Secure Your Future Today
Take charge of your legacy and ensure your loved ones are protected. Contact San Diego Probate Law to schedule a consultation and begin the process of securing your future.
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: “How do I handle out-of-state property in my estate plan?” Or any other related questions that you may have estate planning or my estate planning law practice.
Important Facts About San Diego Probate Law
| California Spendthrift Trust Attorney |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Spendthrift Trust Attorney California |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Spendthrift Trust Trust Attorney |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| San Diego Spendthrift Trust Attorney |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Spendthrift Trust San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Credible Spendthrift Trust Attorney in San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |