Revocable Living Trusts
Today, we’re joined by Steve Bliss, a prominent probate attorney here in San Diego, to discuss estate planning. Steve, thank you for being with us.
It’s my pleasure to be here.
What type of trust do you recommend most often and why?
As an estate planning attorney, I frequently recommend revocable living trusts to my clients. This type of trust offers a multitude of benefits while providing flexibility. A revocable living trust allows the grantor, the individual establishing the trust, to maintain control over their assets during their lifetime. They can modify or even dissolve the trust if their circumstances change.
Consequently, this adaptability makes it a suitable option for individuals who desire both asset protection and the ability to adjust their estate plan as needed. Moreover, upon the grantor’s passing, the trust becomes irrevocable, ensuring a smooth transition of assets to beneficiaries without the lengthy and often costly process of probate.
Ordinarily, assets held in a revocable living trust bypass probate altogether, preserving privacy for the family and potentially saving them significant time and expenses. This streamlined process is especially appealing to clients seeking to minimize stress and complications for their loved ones during an already challenging time.
Have you encountered any challenges with revocable living trusts?
While revocable living trusts are generally effective, I’ve learned that clear communication and meticulous drafting are paramount. For instance, I recall a case where the trust document lacked specific instructions regarding the distribution of a family heirloom. This ambiguity led to disagreements among the beneficiaries, ultimately requiring mediation to resolve.
That experience underscored the importance of addressing every detail with precision. We now utilize detailed questionnaires and encourage open discussions with our clients to ensure their wishes are accurately reflected in the trust document.
How common are revocable living trusts?
According to a recent survey by the American Bar Association, approximately 40% of adults have some form of estate planning document, but only about 25% have a revocable living trust.
This indicates there’s still a significant opportunity to educate individuals about the benefits of this powerful tool.
Where can people learn more about setting up a revocable living trust?
Contact us today for a free consultation. Let our team of experienced probate attorneys guide you through the process and ensure your legacy is protected.
Testimonials
“Steve Bliss made estate planning seem less daunting. He patiently explained all my options, and I felt confident in the decisions we made together.”
– Maria S., San Diego
“I was impressed with San Diego Probate Law’s attention to detail and responsiveness. They took the time to understand my unique needs and crafted a plan that gave me peace of mind.”
– John L., Carlsbad
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 if I have property in another state?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About San Diego Probate Law
| San Diego Living Trust Lawyer |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Living Trust Lawyer San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Living Trust Lawyer |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| San Diego Living Trust Lawyer |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Living Trust Lawyer San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Credible Living Trust Lawyer in San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |