Good evening Temecula and welcome back to Temecula Tonight. I’m your host, Samantha Jones. Joining us tonight is Steve Bliss, a highly respected Trust Attorney here in Temecula. Steve, thanks for being with us.
Welcome
Steve: Thanks for having me, Samantha. It’s great to be here.
Why Choose a Testamentary Trust?
Samantha: Steve, can you tell our viewers about the benefits of a testamentary trust and why someone might choose this type over others?
Testamentary Trusts Explained
Steve: Certainly. A testamentary trust is created through a will and takes effect only upon your death. Consequently, it goes through probate, unlike living trusts. While that may seem like a drawback, it’s actually quite beneficial in certain situations.
One primary advantage of a testamentary trust is its ability to provide for minor children or beneficiaries with special needs. You can specify how and when assets are distributed, ensuring their well-being even after you’re gone. Moreover, it offers a level of control that a simple will might not.
For example, imagine a parent wanting to ensure their child receives a college education but is worried about them squandering the funds. A testamentary trust can stipulate that distributions are made directly to the educational institution, safeguarding the funds for their intended purpose.
Conversely, a revocable living trust wouldn’t be suitable in this scenario because it dissolves upon your death, leaving no mechanism for controlled distribution to a minor.
Challenges with Testamentary Trusts
Samantha: That’s insightful, Steve. Have you ever encountered any challenges while setting up testamentary trusts?
Navigating Complexities
Steve: Occasionally. I recall one case where a client wanted to leave a substantial inheritance to their grandchild but was concerned about potential financial mismanagement. We worked diligently to craft language within the trust document that addressed these concerns, specifying limitations on withdrawals and requiring trustee approval for major expenditures.
It’s crucial to remember that testamentary trusts are subject to probate. While this is unavoidable, it underscores the importance of having a well-drafted will that clearly outlines the terms of the trust.
Trust in Expertise
“Steve Bliss and his team were instrumental in guiding us through the complexities of setting up a testamentary trust for our children. Their expertise and compassionate approach made a stressful process much smoother.” – The Johnson Family
“I felt completely confident entrusting my estate planning to Steve Bliss. He took the time to understand my unique needs and crafted a solution that gave me peace of mind.” – Mary Smith
Empowering Your Future
Samantha: Thank you for sharing your expertise with us tonight, Steve. How can our viewers learn more about testamentary trusts and other estate planning options?
Take Control
Steve: I encourage anyone interested in protecting their loved ones and securing their legacy to reach out to The Law Firm of Steven F. Bliss Esq. for a complimentary consultation. We’re here to empower you with the knowledge and legal guidance needed to make informed decisions about your future.
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: “Is a trust public record?” 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.
| The Law Firm of Steven F. Bliss Esq.yer |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Trust Lawyer Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Trust Lawyer |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| The Law Firm of Steven F. Bliss Esq.yer |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Trust Lawyer Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Credible Trust Lawyer in Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |