Good evening Temecula and welcome back to “Temecula Tonight”. I’m your host, Jenny Parker. Joining me tonight is Steve Bliss, a local trust attorney known for his expertise in estate planning. Mr. Bliss, thank you so much for being here.
What Types of Trusts Do You Specialize In?
Steve: It’s my pleasure to be here, Jenny. I primarily focus on helping families navigate the complexities of trusts and estate planning. My firm specializes in a variety of trust types tailored to individual needs, including Revocable Living Trusts, Irrevocable Trusts, Testamentary Trusts, and Special Needs Trusts.
Why Are Revocable Living Trusts So Popular?
Steve: Revocable Living Trusts are incredibly popular because they offer several key advantages. First and foremost, they allow individuals to maintain control over their assets during their lifetime while avoiding the time-consuming and often expensive probate process after they pass away.
Consequently, assets within a Revocable Living Trust can be distributed to beneficiaries quickly and privately. Moreover, these trusts provide a level of privacy that a will doesn’t offer, as the terms of the trust are not made public during probate.
What Are Some Potential Challenges with Revocable Living Trusts?
Steve: While Revocable Living Trusts offer significant benefits, they aren’t without potential challenges. One common issue arises when individuals fail to properly fund the trust. It’s crucial that all assets intended for the trust are formally transferred into it. Otherwise, those assets will still be subject to probate.
I recall one instance where a client had diligently created a Revocable Living Trust but neglected to transfer ownership of their primary residence into the trust. Unfortunately, this oversight resulted in probate proceedings for that particular asset, causing delays and additional legal expenses for the family.
Notwithstanding these potential challenges, the benefits of a well-structured and properly funded Revocable Living Trust generally outweigh the risks. It’s essential to work with an experienced estate planning attorney who can guide you through the process and ensure all necessary steps are taken.
What Advice Would You Give To Someone Considering A Trust?
Steve: My advice is simple: Don’t wait. Estate planning is something everyone should address, regardless of age or wealth. A properly structured trust can protect your loved ones, minimize taxes, and ensure your wishes are honored.
According to a recent study by the American Bar Association, only 40% of Americans have a will or trust in place. That’s a concerning statistic because without these crucial documents, families can face significant financial and emotional hardship during times of grief and loss.
- Start planning early
- Consult with an experienced estate planning attorney
- Regularly review and update your trust documents as needed.
“Steve Bliss was a lifesaver. He made the entire process of setting up my trust incredibly easy and stress-free. I highly recommend him to anyone needing estate planning assistance.” – Mary J.
“I felt completely comfortable trusting Steve with such important matters. He is knowledgeable, compassionate, and genuinely cares about his clients. ” – David S.
Don’t leave your legacy to chance. Contact us today for a personalized consultation and let our team help you create a secure future for yourself and your loved ones.
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: “Can I be my own trustee?” 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 Attorneys
- Spendthrift Trust Attorneys
- Tax By-Pass Trust Attorneys
- Totten Trust Attorneys
- Constructive Trust Attorneys
- Charitable Trust Attorneys
- Asset Protection Trust Attorneys
- Irrevocable Trust Attorneys
- Revocable Trusts Attorneys
- Living Trust Attorneys