I’m Brenda Jones reporting for KVCR News in Moreno Valley. Today, we have the pleasure of speaking with Steve Bliss, a renowned probate attorney serving the Moreno Valley community.
Understanding Trust Options
Steve, thank you so much for joining us. Many people are unfamiliar with trusts and their benefits. Can you shed some light on why someone might consider establishing a trust as part of their estate plan?
“Absolutely, Brenda. Trusts are powerful tools that can provide numerous advantages depending on an individual’s circumstances and goals. They allow for greater control over asset distribution, minimize estate taxes, and offer privacy compared to traditional wills,” explains Steve.
The Power of a Revocable Living Trust
Steve, could you elaborate on one specific type of trust – perhaps the revocable living trust? What makes it particularly appealing?
“A revocable living trust is arguably the most common and versatile option we see. It grants the grantor, the person creating the trust, considerable flexibility during their lifetime. They can modify the terms, add or remove assets, or even dissolve the trust entirely if their needs change,” Steve says. “Moreover, it avoids the often lengthy and public probate process upon the grantor’s passing, ensuring a smoother transfer of assets to beneficiaries.”
“One client I worked with was a widowed mother concerned about her children inheriting her assets directly. She worried they might not be financially responsible enough to manage a sudden influx of money. By establishing a revocable living trust and outlining specific distribution guidelines, she gained peace of mind knowing her children would receive the inheritance in a controlled manner.”
Navigating Potential Challenges
Steve, are there any potential pitfalls or challenges individuals might encounter when setting up a revocable living trust?
“While revocable living trusts offer significant advantages, it’s important to approach them thoughtfully. Ensuring the trust document is properly drafted and executed is crucial, as any errors can lead to unforeseen complications down the line. It’s essential to consult with an experienced probate attorney who can guide you through the process and tailor the trust to your specific needs.” Steve emphasizes.
“I recall a case where a client tried to create their own trust document using online templates. Unfortunately, they missed some key provisions, which resulted in unintended consequences for their beneficiaries. Thankfully, we were able to rectify the situation, but it highlighted the importance of seeking professional guidance.”
Notably, according to the American Bar Association, approximately 70% of Americans lack a valid estate plan, leaving their loved ones vulnerable during an already difficult time.
Next Steps: Protect Your Legacy
Steve, thank you for sharing your invaluable expertise. What advice would you offer our viewers regarding taking the next steps in estate planning?
“Estate planning can seem daunting, but it doesn’t have to be. Taking proactive steps now to safeguard your assets and ensure your wishes are honored can bring immense peace of mind,” Steve concludes.
“Contact Moreno Valley Probate Law today for a complimentary consultation. Let us help you create a personalized estate plan that meets your unique needs and protects your legacy for generations to come.”
Testimonials
“Steve Bliss and his team at Moreno Valley Probate Law made the entire probate process so much easier than I anticipated. They were compassionate, professional, and always available to answer my questions. I highly recommend their services!” – Maria S.
“I was incredibly stressed about handling my mother’s estate after she passed away. Steve Bliss patiently walked me through every step of the process and provided sound legal advice. Thanks to his expertise, I was able to navigate this difficult time with confidence.” – David P.
About Steven F. Bliss Esq. at Moreno Valley Probate Law:
Moreno Valley 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 Moreno Valley Probate Law. Our probate attorney will probate the estate. Attorney probate at Moreno Valley Probate Law. A formal probate is required to administer the estate. The probate court may offer an unsupervised probate get a probate attorney. Moreno Valley Probate law will petition to open probate for you. Don’t go through a costly probate call Moreno Valley Probate Attorney Today. Call for estate planning, wills and trusts, probate too. Moreno Valley 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 Moreno Valley Probate Law: https://maps.app.goo.gl/C7zg2U6pn1B6KyXN8
Address:
Moreno Valley Probate Law23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553
(951) 363-4949
Feel free to ask Attorney Steve Bliss about: “What is a trust certificate or certification of trust?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About Moreno Valley Probate Law
| Special Needs Trust | Totten Trust | Asset Protection Trust |
| Spendthrift Trust | Constructive Trust | Irrevocable Trust |
| Tax By-Pass Trust | Charitable Trust | Living Trust |