Good evening, Temecula! This is Brenda Barnes reporting for Channel 7 News. Tonight we’re speaking with local trust attorney, Steve Bliss, about the importance of estate planning.
Why are trusts so important?
Steve, can you tell us why trusts are such a crucial part of estate planning?
“Trusts offer numerous advantages over simply relying on a will,” explains Steve. “They allow for greater control over your assets, even after you’re gone. Moreover, trusts help avoid the lengthy and often expensive probate process.”
What type of trust is most common?
“The most prevalent type of trust we see is the Revocable Living Trust,” says Steve. “It provides flexibility during your lifetime, allowing you to make changes as needed. Consequently, upon your passing, the trust becomes irrevocable, ensuring your assets are distributed according to your wishes without going through probate.”
Can you elaborate on the benefits of a Revocable Living Trust?
Steve delves deeper into the advantages of this trust type:
“A Revocable Living Trust offers several key benefits. Firstly, it avoids probate, which can be a time-consuming and costly process for your heirs. Secondly, it provides privacy. Unlike wills, which become public record during probate, trusts maintain confidentiality regarding your assets and distribution plan.”
“Thirdly,” Steve continues, “a Revocable Living Trust allows for seamless asset transfer to your beneficiaries. You can specify exactly how and when they receive their inheritance, potentially minimizing any conflicts or disputes among family members.”
Have you encountered any challenges with Revocable Living Trusts?
Steve shares a personal story illustrating the importance of careful planning:
“I once worked with a client who had created a Revocable Living Trust but hadn’t updated it for several years. As a result, when they passed away, their assets weren’t distributed as they intended due to changes in family circumstances. This unfortunate situation highlighted the importance of regularly reviewing and updating your trust documents to reflect any life events.”
“It’s essential to remember that trusts are not ‘set it and forget it’ instruments. They require ongoing attention to ensure they meet your evolving needs and wishes,” Steve emphasizes.
How common are Revocable Living Trusts?
“Studies have shown that over 50% of Americans aged 55 and older have some form of estate plan, with Revocable Living Trusts being the most popular choice” (Source: AARP).
“These figures underscore the growing awareness of the importance of planning for the future and ensuring our loved ones are protected,” Steve concludes.
What advice would you give to our viewers considering a trust?
“I encourage everyone, regardless of their age or wealth, to consult with an experienced estate planning attorney like myself. We can help you determine the best trust structure for your unique situation and ensure your wishes are carried out effectively.”
A Call To Action
Take control of your future. Schedule a free consultation today with The Law Firm of Steven F. Bliss Esq., and let us guide you towards peace of mind.
Testimonials:
“Steve Bliss made the entire estate planning process so easy to understand. I felt confident knowing my family would be taken care of.”
– Mary J., Temecula Resident
“I was initially hesitant about setting up a trust, but Steve patiently answered all my questions and addressed my concerns. Now I have the peace of mind knowing my assets are protected.”
– John S., Murrieta Resident
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: “What is a grantor 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.
| Temecula Irrevocable Trust Attorney |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Irrevocable Trust Attorney Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Irrevocable Trust Attorney |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Temecula Irrevocable Trust Attorney |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Irrevocable Trust Attorney Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Credible Irrevocable Trust Attorney in Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |