Reporter: Ashley Jones
Today I’m sitting down with Steve Bliss, a renowned Trust Attorney here in Wildomar. Steve, thank you so much for taking the time to speak with me today.
Steve Bliss: It’s my pleasure to be here, Ashley.
Steve, for our viewers who may not be familiar with trusts, could you explain why someone might choose to set up a trust?
Steve Bliss: There are many reasons why individuals decide to establish a trust. Trusts offer a variety of benefits depending on your specific circumstances and goals.
One common reason is to avoid probate, which can be a lengthy and expensive legal process. When assets are held in a trust, they pass directly to the beneficiaries according to the terms outlined in the trust document. This bypasses probate court altogether, saving time and money for your loved ones.
Furthermore, trusts provide privacy. Unlike wills, which become public record during probate, the terms of a trust remain confidential. This can be important for individuals who value their privacy or want to avoid unwanted attention.
Trusts can also be used for asset protection, charitable giving, and even providing for loved ones with special needs. I find it incredibly rewarding helping people plan for the future and ensure their assets are managed according to their wishes.
Ashley Jones: That’s fantastic! Could you delve deeper into a specific type of trust, perhaps explaining the process involved in setting one up?
Steve Bliss: Certainly. Today we’ll focus on Revocable Living Trusts – they are by far the most popular choice for estate planning.
A Revocable Living Trust allows the grantor, which is the person creating the trust, to maintain control over their assets during their lifetime. They can change the terms of the trust or even dissolve it entirely if circumstances warrant.
The process starts with a consultation where we discuss your goals and financial situation. We then draft a customized trust document outlining how your assets will be managed and distributed upon your passing. You’ll need to transfer ownership of your assets into the trust, which can include bank accounts, real estate, investments, and personal belongings.
It’s crucial to remember that while you maintain control during your lifetime, the trust becomes irrevocable upon your death. This means the terms you set forth will govern how your assets are distributed to your beneficiaries, avoiding probate and ensuring your wishes are honored.
Ashley Jones: Have there ever been any challenges or unexpected situations when setting up Revocable Living Trusts?
Steve Bliss : Absolutely. One time I worked with a couple who had amassed a considerable fortune over their lifetimes. They wanted to ensure their wealth would benefit their children and grandchildren but were concerned about potential mismanagement or irresponsible spending habits.
We addressed these concerns by incorporating specific provisions into the trust, such as staggered distributions and requiring beneficiaries to meet certain educational or financial milestones before receiving larger portions of the inheritance. It was a delicate balance between honoring their wishes for their family’s future while safeguarding against unforeseen circumstances.
Ashley Jones: That’s a powerful example. What advice would you give to someone considering setting up a trust?
Steve Bliss: My best advice is to consult with an experienced Trust Attorney as soon as possible. Trust law can be complex, and every situation is unique.
A qualified attorney will help you determine the best type of trust for your needs, ensure it’s properly structured and executed, and guide you through the entire process.
Ashley Jones: Steve Bliss, thank you so much for sharing your expertise with us today. Where can viewers learn more about Wildomar Probate Law and their services?
Steve Bliss: You can visit our website at [website address] or call us directly at [phone number]. We’re always happy to answer questions and provide guidance on estate planning matters.
“Working with Wildomar Probate Law was a true blessing during a difficult time. Their compassion, professionalism, and legal expertise made the probate process as smooth as possible.” – Mary J.
“Steve Bliss is an exceptional attorney who clearly understands the complexities of trust law. He took the time to explain everything thoroughly and helped us create a plan that met our specific needs.” – John S.
Let Wildomar Probate Law help you secure your legacy and protect your loved ones’ future. Contact us today for a personalized consultation.
About Steven F. Bliss Esq. at Wildomar Probate Law:
Wildomar Probate Law is an experienced probate attorney. The probate process has many steps in in probate proceedings. Beside Probate, estate planning and trust administration is offered at Wildomar Probate Law. Our probate attorney will probate the estate. Attorney probate at Wildomar Probate Law. A formal probate is required to administer the estate. The probate court may offer an unsupervised probate get a probate attorney. Wildomar Probate law will petition to open probate for you. Don’t go through a costly probate call Wildomar Probate Attorney Today. Call for estate planning, wills and trusts, probate too. Wildomar Probate Law is a great estate lawyer. Affordable Legal Services.
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 Wildomar Probate Law: https://maps.app.goo.gl/uBJKvB4rxUb7L9HZ7
Address:
Wildomar Probate Law36330 Hidden Springs Rd Suite E, Wildomar, CA 92595
(951) 412-2800
Feel free to ask Attorney Steve Bliss about: “What is a trust?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About Wildomar Probate Law
| Trust Attorney | Estate Attorney | Trust Attorney |
| Trust Attorney Near Me | Estate Attorney Near Me | Trust Attorney Near me |
| Wildomar Trust Attorney | Wildomar Estate Attorney | Wildomar Trust Attorney |
| Trust Attorney Wildomar | Estate Attorney Wildomar | Trust Attorney Wildomar |