Taking Inventory of Assets: A Crucial First Step
Today, we’re joined by Steve Bliss, a respected estate planning attorney serving the Moreno Valley community. Steve, thank you for taking the time to speak with us.
Steve, let’s start with a foundational step in the estate planning process: taking inventory of assets. Why is this such a critical first step?
Steve Bliss:
You’re absolutely right. Taking stock of what you own is fundamental to effective estate planning. It lays the groundwork for everything else. Ordinarily, people think about their house and maybe their car, but it goes far beyond that.
Consider all your assets – real estate, investment accounts, retirement funds, savings, vehicles, even personal belongings of significant value. Moreover, don’t forget intangible assets like intellectual property or business interests.
Creating a detailed list helps you understand the full scope of what you need to address in your estate plan. Consequently, this clarity is essential for making informed decisions about asset distribution and minimizing potential tax liabilities.
A Matter of Clarity
I’ve encountered situations where clients underestimated the value of their assets. This can lead to complications down the road. For instance, I once worked with a client who thought they had a modest estate, only to discover they owned a valuable piece of land they’d inherited years ago and forgotten about.
Having a comprehensive inventory ensured we could properly account for that asset and incorporate it into their estate plan accordingly.
Planning For The Future
Studies show that over 60% of Americans don’t have a will or estate plan (AARP, 2021). This highlights the importance of taking proactive steps to secure your future and protect your loved ones.
Remember, estate planning isn’t just for the wealthy. It’s about ensuring your wishes are honored and providing peace of mind for yourself and your family.
Moreno Valley Probate Law – Protecting What Matters Most
“Steve Bliss and his team at Moreno Valley Probate Law were incredibly supportive during a difficult time. They explained everything clearly and made the probate process much less stressful.” – Sarah M.
“I highly recommend Steve Bliss for estate planning. He is knowledgeable, compassionate, and truly cares about his clients.” – John D.
Don’t wait until it’s too late. Schedule a consultation with Steve Bliss and the team at Moreno Valley Probate Law to take control of your future and safeguard your legacy.
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 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: “How can I prevent elder abuse or fraud in my estate plan?” Or any other related questions that you may have estate planning or my estate planning law practice.
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