Meet Steve Bliss
Hi everyone, I’m Tiffany Jones reporting for San Diego News today. We’re here with local probate attorney Steve Bliss of San Diego Probate Law to discuss estate planning and the various tools available to individuals.
Why are Trusts Important?
Steve, thanks so much for being here. Can you tell us why trusts are such an important part of estate planning?
“Tiffany, it’s a pleasure to be here. Trusts are essential because they allow individuals to control how their assets are distributed after their passing,” explains Steve. “They offer several advantages over simply having a will, including avoiding probate – which can be a lengthy and expensive process – and providing privacy for your beneficiaries.
“Trusts also offer flexibility. You can tailor them to your specific needs and goals, whether it’s ensuring that your children receive their inheritance at a certain age or protecting assets for a beneficiary with special needs.”
The Revocable Living Trust
Let’s delve into one type of trust in particular: the revocable living trust. Can you explain how it works and what makes it so popular?
“A revocable living trust is like a safe deposit box for your assets,” Steve says. “You, as the grantor, place your assets into the trust while retaining complete control over them during your lifetime. You can change the terms of the trust or even dissolve it altogether if needed. Consequently, this flexibility makes it a very attractive option for many people.”
“Moreover, upon your passing, the trust becomes irrevocable, meaning its terms cannot be changed. The assets are then distributed to your beneficiaries according to the instructions you laid out in the trust document, bypassing probate entirely. This can save your loved ones time, money, and stress during an already difficult period.”
“One of the key benefits I often emphasize with clients is privacy,” Steve continues. “Unlike wills, which become public record during probate, trusts remain private documents. This can be particularly appealing for individuals who value discretion or have complex family situations.
The trust also allows for smoother asset transfer to beneficiaries and minimizes the risk of disputes among heirs. Approximately 60% of my clients opt for a revocable living trust due to its versatility and peace of mind it offers.”
Challenges and Triumphs
Steve, have you ever encountered any challenges when setting up or administering revocable living trusts?
“It’s important for individuals to understand that a trust is only as effective as the planning and execution behind it. Sometimes clients underestimate the importance of keeping their trust documents updated,” Steve reflects. “I remember working with a client whose assets had grown significantly since they established their trust several years prior. They hadn’t reviewed or amended their trust document, leading to unintended consequences when it came time for distribution.”
“Fortunately, we were able to work through the situation and revise the trust to reflect their current financial status. This experience highlighted the need for ongoing communication with clients and periodic reviews of their estate plan.”
Seeking Expert Guidance
Steve, what’s your advice for individuals considering a revocable living trust or any other type of estate planning?
“My best advice is to consult with an experienced probate attorney. Estate planning can be complex and there are many factors to consider. An attorney can help you navigate the process, tailor a plan that meets your specific needs, and ensure everything is properly executed.”
San Diego Probate Law: Trusted Advocates
“We understand that estate planning can feel overwhelming,” says Steve Bliss. “Our team at San Diego Probate Law is dedicated to providing compassionate and personalized service. We strive to make the process as clear and straightforward as possible so you can have peace of mind knowing your affairs are in order.”
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*”San Diego Probate Law provided exceptional guidance during a difficult time. Steve Bliss was incredibly knowledgeable, patient, and understanding. He helped us navigate the complexities of probate with ease.”* – Mary S.
* *”I highly recommend San Diego Probate Law. They took the time to listen to my concerns and created an estate plan that perfectly met my needs. I feel confident knowing that my family will be taken care of.”* – John B.
Take control of your legacy today. Contact San Diego Probate Law for a personalized consultation.
About Steven F. Bliss Esq. at San Diego Probate Law:
Secure Your Family’s Future with San Diego’s Trusted Trust 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 grantor trust?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About San Diego Probate Law
| Estate Attorney Near Me |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Estate Attorney Near Me San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Estate Attorney Near Me |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| San Diego Estate Attorney Near Me |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Estate Attorney Near Me San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Credible Estate Attorney Near Me in San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |