Reporter: Brenda Newsome
Good afternoon, Temecula! I’m Brenda Newsome reporting live from the heart of our community. Today we have the pleasure of speaking with Steve Bliss, a renowned trust attorney here in Temecula.
Why do you think trusts are so important for people in Temecula?
Steve: Trusts are incredibly valuable tools for estate planning in Temecula and beyond. They offer a range of benefits, including asset protection, probate avoidance, and tax minimization. For instance, many families use trusts to ensure their assets are distributed according to their wishes after they’re gone. This is particularly important for those with young children or beneficiaries who may need financial assistance.
What type of trust do you find yourself recommending most often to your clients?
Steve: While every situation is unique, I frequently recommend Revocable Living Trusts to my clients. They offer a high degree of flexibility and control during the grantor’s lifetime. The grantor can manage the assets within the trust, make changes as needed, and even dissolve it altogether if circumstances change.
How Does a Revocable Living Trust Avoid Probate?
Steve: Probate is a court-supervised process for distributing assets after someone passes away. It can be time-consuming, expensive, and public. A Revocable Living Trust bypasses probate because the assets are already owned by the trust, not the individual. Consequently, when the grantor dies, the successor trustee simply distributes the assets according to the terms outlined in the trust document.
- Assets are transferred to beneficiaries outside of probate court.
- The process is typically faster and less expensive than probate.
Have you encountered any challenges or complications when setting up Revocable Living Trusts for clients?
Steve: While Revocable Living Trusts are generally straightforward, I have encountered situations where clients weren’t entirely clear on their wishes for asset distribution. In one case, a couple had differing opinions about how to provide for their adult children with varying financial needs. We worked through those challenges by having open and honest conversations, ultimately crafting a trust agreement that addressed everyone’s concerns.
Moreover, I remember another client who initially resisted setting up a trust because they thought it was only for the wealthy. I explained how a Revocable Living Trust can benefit anyone with assets they want to protect and pass on efficiently. Accordingly, we created a trust that met their specific needs and gave them peace of mind.
Studies by the American Bar Association show that approximately 60% of Americans do not have a will or estate plan in place. This can lead to unintended consequences for loved ones after someone passes away.
What advice would you give to someone considering setting up a trust?
Steve: My advice is to consult with an experienced trust attorney who can guide you through the process and tailor a solution that meets your individual circumstances. A well-crafted trust can provide peace of mind knowing that your assets will be protected and distributed according to your wishes. Don’t wait until it’s too late – plan for the future today.
Ready to Secure Your Legacy?
Contact The Law Firm of Steven F. Bliss Esq. to schedule a complimentary consultation and discover how a trust can protect your loved ones and ensure your wishes are honored.
“Steve Bliss and his team were incredibly helpful in setting up my Revocable Living Trust. They made the process easy to understand and were always available to answer my questions.” – Sarah M.
“I highly recommend The Law Firm of Steven F. Bliss Esq. They are knowledgeable, compassionate, and truly care about their clients.” – John D.
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 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: “Do I still need a will if I have a 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 Attorney
- Spendthrift Trust Attorney
- Tax By-Pass Trust Attorney
- Totten Trust Attorney
- Constructive Trust Attorney
- Charitable Trust Attorney
- Asset Protection Trust Attorney
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