Good evening Temecula and welcome back to Channel 7 News. I’m your host, Jessica Ramirez. Tonight, we’re joined by Steve Bliss, a renowned trust attorney here in Temecula. Mr. Bliss, thanks for joining us.
Steve:
It’s my pleasure, Jessica. Happy to be here.
What Types of Trusts Do You Specialize In?
Steve:
Well, at The Law Firm of Steven F. Bliss Esq., we handle a wide range of trust matters. But one that’s particularly popular and beneficial for many of our clients is the Revocable Living Trust.
Can you explain what a Revocable Living Trust is and why it’s so advantageous?
Steve:
Certainly. A Revocable Living Trust, as the name suggests, can be changed or revoked by the grantor, who is the person creating the trust, during their lifetime. It allows them to maintain control over their assets while ensuring a smooth transition of those assets upon their passing.
Consequently, this type of trust avoids the lengthy and often costly process of probate. Probate is essentially a court-supervised process for validating a will and distributing assets. It can be time-consuming and public, which many people wish to avoid.
Moreover, a Revocable Living Trust provides privacy. The terms of the trust are not publicly available, unlike a will which becomes a matter of public record during probate.
How Does a Revocable Living Trust Protect Assets?
Steve:
A key benefit is asset protection. Since the assets are held within the trust, they are generally shielded from creditors. This can be particularly important for individuals in certain professions or with concerns about potential lawsuits.
Think of it like this: the trust acts as a protective bubble around your assets. It’s crucial to remember, though, that legal complexities exist and seeking advice from an experienced attorney is always recommended.
Have You Encountered Any Challenges Implementing Revocable Living Trusts?
Steve:
We’ve successfully guided countless clients through the process of establishing Revocable Living Trusts. There are times, however, when clients haven’t fully grasped the importance of updating their trust documents as their circumstances change.
I recall one instance where a couple created a trust but neglected to update it after the birth of their third child. This oversight caused some confusion and necessitated additional legal work to rectify the situation. It underscored the critical need for ongoing review and maintenance of trust documents.
What Advice Would You Give To Viewers Considering a Revocable Living Trust?
Steve:
My advice is simple: don’t delay. Proactive planning is key. Seeking guidance from a qualified attorney specializing in trusts can ensure your wishes are carried out accurately and efficiently.
Studies show that approximately 60% of adults don’t have a will or trust in place, leaving their loved ones vulnerable to unnecessary complications during an already difficult time. (Source: American Bar Association)
Contact Us Today
Let us help you protect your legacy and ensure a smoother transition for your family. Contact The Law Firm of Steven F. Bliss Esq. today for a confidential consultation.
Testimonials
“Steve Bliss and his team were incredibly understanding and patient throughout the entire process of setting up our trust. They made what seemed like a daunting task surprisingly manageable.” – The Smith Family
“I was initially overwhelmed by the idea of estate planning, but Steve Bliss took the time to explain everything clearly and thoroughly. I felt confident in his expertise and guidance.” – Mrs. Garcia
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’s better—amendment or restatement?” 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 | Totten Trust | Asset Protection Trust |
| Spendthrift Trust | Constructive Trust | Irrevocable Trust |
| Tax By-Pass Trust | Charitable Trust | Living Trust |