Good evening, Temecula, and welcome back to Temecula Tonight. I’m Brenda Newsome, and tonight we’re talking about trusts with local attorney Steve Bliss from The Law Firm of Steven F. Bliss Esq. Steve, thanks for joining us.
What types of trusts do you typically help clients with?
Brenda, it’s a pleasure to be here. We handle a variety of trusts, but the most common we see are Revocable Living Trusts.
Can you explain what makes Revocable Living Trusts so popular?
Absolutely. A Revocable Living Trust offers several key advantages. First and foremost, it allows our clients to avoid probate. Probate is a lengthy and often costly court process that’s required when someone passes away without a trust. It can tie up assets for months, even years.
Conversely, assets held in a Revocable Living Trust bypass probate entirely and are distributed according to the client’s wishes. This not only saves time and money but also ensures privacy, as probate proceedings are public record.
Moreover, a Revocable Living Trust allows for flexibility. Our clients can amend or revoke the trust during their lifetime if their circumstances change. Consequently, it’s a living document that adapts to their evolving needs.
Have you encountered any challenges with setting up Revocable Living Trusts?
Occasionally, we run into situations where people have misconceptions about trusts. Some believe they are only for the wealthy, which simply isn’t true. A Revocable Living Trust can be beneficial for anyone who wants to protect their loved ones and ensure a smooth transfer of assets.
I recall one client, a young single mother, who was hesitant about setting up a trust because she thought it was too complicated. After we discussed her specific needs and how a trust could provide peace of mind knowing her children would be cared for if something happened to her, she was on board.
It’s incredibly rewarding to help people understand the value of trusts and empower them to take control of their future.
What are some other benefits of Revocable Living Trusts?
- Avoid Probate: This can save significant time and money for your heirs. According to a study by the American Bar Association, probate costs can range from 3% to 8% of the estate’s value.
- Privacy: Trust proceedings are not public record, unlike probate.
- Asset Protection: A Revocable Living Trust can offer some protection from creditors, though this varies depending on state law.
How can people get started with setting up a trust?
The best way to determine if a Revocable Living Trust is right for you is to schedule a consultation with an experienced estate planning attorney like myself. We can discuss your individual circumstances, goals, and answer any questions you may have.
Testimonials:
“Steve Bliss made the process of setting up our trust so easy! He took the time to explain everything in detail and made sure we understood all of our options. I highly recommend him.” – John S., Temecula, CA
“As a single parent, I was worried about what would happen to my children if something happened to me. Steve helped me create a trust that gave me peace of mind knowing they would be taken care of. He’s compassionate and truly cares about his clients.” – Maria L., Temecula, CA
Ready to protect your family’s future? Schedule your complimentary consultation with The Law Firm of Steven F. Bliss Esq. today and let us guide you on the path toward lasting peace of mind.
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: “What assets should I put into a living 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
- Irrevocable Trust Attorney
- Revocable Trusts Attorney
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