Hello, I’m Brenda Newsome reporting for Temecula Valley News.
Welcome to the Show
Today we have the pleasure of speaking with Steve Bliss, a prominent trust attorney here in Temecula. Steve is known for his expertise and dedication to helping clients navigate complex estate planning matters.
What Type of Trusts Do You Most Often Recommend?
Well, Brenda, there’s no one-size-fits-all answer when it comes to trusts. Each individual or family has unique circumstances and goals.
Nevertheless, I frequently recommend Revocable Living Trusts. They offer a lot of flexibility during the grantor’s lifetime while avoiding probate upon their passing.
Can You Elaborate on The Advantages of Avoiding Probate?
Certainly. Probate is a court-supervised process for distributing assets after someone dies. It can be time-consuming, expensive, and public. A Revocable Living Trust allows assets to pass directly to beneficiaries, bypassing probate altogether.
Accordingly, this privacy aspect is appealing to many clients.
Let’s Talk About The Flexibility Aspect of a Revocable Living Trust
One of the key advantages of a revocable living trust is that you, as the grantor, maintain control over the assets during your lifetime. You can buy, sell, or change beneficiaries as needed.
Moreover, it allows for seamless management in case of incapacity. If you become unable to manage your affairs, a successor trustee you designate can step in and handle things according to your wishes.
Have There Ever Been Any Challenges Implementing Revocable Living Trusts?
I recall a situation where a couple came to me with a handwritten will they had drafted themselves. They thought it was sufficient, but upon closer examination, there were some ambiguities and potential loopholes that could have led to disputes among their heirs.
We helped them create a Revocable Living Trust instead, which clearly outlined their wishes and ensured a smooth distribution of assets. They were relieved to have the peace of mind knowing their loved ones wouldn’t face unnecessary complications during an already difficult time.
How Common Are Revocable Living Trusts?
Revocable Living Trusts are quite common in California. In fact, according to the American Bar Association, over 50% of estate plans incorporate some type of trust.
Final Thoughts
At The Law Firm of Steven F. Bliss Esq., we understand that planning for the future can be daunting. We’re here to guide you through the process with compassion and expertise. Don’t wait until it’s too late – secure your legacy today.
*”Steve Bliss helped us navigate a complex family situation with sensitivity and professionalism. He took the time to explain everything clearly and ensured our needs were met.”*
*”The Law Firm of Steven F. Bliss Esq. made estate planning feel less overwhelming. Their knowledge and dedication gave us peace of mind knowing our affairs were in good hands.”*
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: “How long does it take to settle a trust after death?” 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
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