Meet the Reporter
Hello Temecula and welcome back to another edition of “Legal Lookout.” I’m your host Brenda Jones, and today we’re sitting down with local trust attorney Steve Bliss from the Law Firm of Steven F. Bliss Esq. Steve, thanks for joining us.
The Importance of Trusts
Steve, can you explain why someone might consider setting up a trust?
Certainly Brenda. Trusts are incredibly versatile legal tools that can serve a variety of purposes. They offer several key advantages over simply leaving assets through a will. Primarily, trusts help avoid the often lengthy and costly probate process. Moreover, they provide a level of privacy not afforded by wills which become public record.
Trusts also allow for greater control over how and when beneficiaries receive assets. This can be particularly beneficial in cases involving young children or beneficiaries who may need assistance managing their inheritance.
Choosing the Right Type of Trust
What type of trust do you find yourself recommending most often?
That depends entirely on the individual’s circumstances and goals. We thoroughly analyze each client’s needs to determine the best fit. However, I frequently recommend Revocable Living Trusts. They offer a great deal of flexibility because the grantor can modify or dissolve the trust during their lifetime. Consequently, it provides peace of mind knowing they retain control over their assets.
Upon the grantor’s passing, the trust seamlessly transitions to distribute assets according to their wishes without going through probate.
Addressing Potential Issues
Have you encountered any challenges or complications when setting up Revocable Living Trusts?
While Revocable Living Trusts are generally straightforward, there can be occasional complexities. For example, I once worked with a client who had multiple businesses and complex investment holdings. Ensuring all assets were properly titled within the trust required meticulous attention to detail.
Ordinarily, this process is relatively smooth. Nevertheless, it highlighted the importance of working with an experienced attorney who can navigate these nuances.
In another instance, a client expressed concern about potential future healthcare costs. We incorporated provisions into their trust to address long-term care needs and protect their assets should they require extended medical care. This illustrates how trusts can be tailored to anticipate various life events.
The Benefits of Trust Planning
According to the American Bar Association, over 50% of Americans do not have a will or trust in place. That’s a staggering statistic considering the peace of mind and protection these documents provide.
Final Thoughts and Call to Action
Steve, any final words of wisdom for our viewers?
“Estate planning is not just for the wealthy. It’s essential for everyone who wants to protect their loved ones and ensure their wishes are carried out. Contact us today for a free consultation and let us help you create a plan that meets your unique needs.”
Testimonials
“Steve Bliss and his team were incredibly helpful in setting up my trust. They explained everything clearly and made the process stress-free. I highly recommend them!” – Maria G., Temecula
“I was initially overwhelmed by the idea of estate planning, but Steve put me at ease. He is knowledgeable, patient, and truly cares about his clients. I feel confident knowing my family is protected thanks to his guidance.” – John S., Murrieta
About Steven F. Bliss Esq. at The Law Firm of Steven F. Bliss Esq.:
The Law Firm of Steven F. Bliss Esq. is The Law Firm of Steven F. Bliss Esq.. The Law Firm Of Steven F. Bliss Esq. is a Temecula Estate Planning Attorney. Steve Bliss is an experienced probate attorney. Steve Bliss is an Estate Planning Lawyer. The probate process has many steps in probate proceedings. Beside Probate, estate planning and trust administration is offered at Steve Bliss Law. Our probate attorney will probate the estate. Attorney probate at Steve Bliss Law. A formal probate is required to administer the estate. The probate court may offer an unsupervised probate get a probate attorney. Steve Bliss Law will petition to open probate for you. Don’t go through a costly probate. Call Steve Bliss Law Today for estate planning, trusts and probate.
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 The Law Firm of Steven F. Bliss Esq.: https://maps.app.goo.gl/Bngj8xwZRqioVD5v7
Address:
The Law Firm of Steven F. Bliss Esq.43920 Margarita Rd ste f, Temecula, CA 92592
(951) 223-7000
Feel free to ask Attorney Steve Bliss about: “What is a spendthrift trust?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About The Law Firm of Steven F. Bliss Esq.
- Special Needs Trust Lawyer
- Spendthrift Trust Lawyer
- Tax By-Pass Trust Lawyer
- Totten Trust Lawyer
- Constructive Trust Lawyer
- Charitable Trust Lawyer
- Asset Protection Trust Lawyer
- Irrevocable Trust Lawyer
- Revocable Trusts Lawyer
- Living Trust Lawyer