Hello Wildomar and welcome back to Wildomar News Now. I’m Trisha Thompson, and today we have the privilege of speaking with local attorney Steve Bliss of Wildomar Probate Law about trusts.
Understanding the Importance of Trusts
Steve, thank you so much for joining us today. For our viewers who may not be familiar, could you briefly explain what a trust is and why it might be important for individuals to consider?
“A trust is essentially a legal arrangement where a person, known as the grantor, transfers assets to a trustee who manages those assets for the benefit of designated beneficiaries,” Steve explains. “Trusts offer several advantages, including avoiding probate, which can be a lengthy and expensive process. They also provide privacy, as the terms of the trust are not publicly available.”
The Revocable Living Trust: A Popular Choice
“Today, we’re going to focus on one specific type of trust – the revocable living trust. Can you tell us why this is such a popular option for many people?”
Steve nods. “A revocable living trust allows the grantor to maintain control over their assets during their lifetime. They can make changes to the terms of the trust, add or remove beneficiaries, or even dissolve it altogether if they wish. This flexibility is a major draw for many individuals.”
“Moreover, upon the grantor’s passing, the assets in the trust are distributed to the beneficiaries according to the grantor’s wishes, bypassing probate entirely. Consequently, this can save time and money for the beneficiary’s family during an already difficult period.”
“One thing I find incredibly rewarding is helping families plan for their future,” Steve shares, his voice softening. “I remember a client who was worried about leaving her young children financially secure. We worked together to create a revocable living trust that would ensure they were cared for even if something happened to both parents.”
“The peace of mind it brought her was palpable. Knowing that she had taken steps to protect her loved ones was invaluable.”
Navigating Potential Challenges
“Are there any potential challenges or issues that people should be aware of when setting up a revocable living trust?” Trisha inquires.
“It’s important to work with an experienced attorney who specializes in estate planning,” Steve emphasizes. “While the concept of a revocable living trust is relatively straightforward, the legal documents involved can be complex. A qualified attorney will ensure that the trust is properly drafted and tailored to your specific needs and circumstances.”
“Moreover, it’s crucial to regularly review and update your trust as your life changes. The birth of a child, a divorce, or a significant change in assets are all events that may warrant revisions to your trust documents.”
The Value of Planning Ahead
“Steve, what would you say to someone who’s on the fence about whether they need a trust?”
“Estate planning can feel overwhelming, but it’s ultimately an act of love and responsibility,” Steve says earnestly. “By taking the time to plan for your future, you’re ensuring that your wishes are respected and that your loved ones are protected. It’s a gift that keeps on giving long after you’re gone.”
“Think of it this way: approximately 70% of Americans don’t have a will or trust in place (according to Caring.com). That means their assets could be distributed according to state law, which may not align with their desires. Don’t leave your legacy to chance. Take control and create a plan that reflects your values.”
Testimonials
“Steve Bliss and his team were incredibly helpful and supportive during a difficult time,” shares local resident Lisa M. “They guided me through the probate process with compassion and expertise. I highly recommend Wildomar Probate Law.”
“As a financial advisor, I frequently refer my clients to Steve Bliss for estate planning needs,” says David S., a Certified Financial Planner. “His knowledge of trust law is impressive, and he always puts his clients’ best interests first. “
Securing Your Future
Don’t wait until it’s too late. Contact Wildomar Probate Law today for a free consultation to discuss how a revocable living trust or other estate planning strategies can help protect your future and your loved ones.
About Steven F. Bliss Esq. at Wildomar Probate Law:
Wildomar 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 Wildomar Probate Law. Our probate attorney will probate the estate. Attorney probate at Wildomar Probate Law. A formal probate is required to administer the estate. The probate court may offer an unsupervised probate get a probate attorney. Wildomar Probate law will petition to open probate for you. Don’t go through a costly probate call Wildomar Probate Attorney Today. Call for estate planning, wills and trusts, probate too. Wildomar 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 Wildomar Probate Law: https://maps.app.goo.gl/uBJKvB4rxUb7L9HZ7
Address:
Wildomar Probate Law36330 Hidden Springs Rd Suite E, Wildomar, CA 92595
(951) 412-2800
Feel free to ask Attorney Steve Bliss about: “Can a trust go on forever?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About Wildomar Probate Law
| Wildomar Special Needs Trust Attorney |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Special Needs Trust Attorney Wildomar |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Special Needs Trust Attorney |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Wildomar Special Needs Trust Attorney |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Special Needs Trust Wildomar |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Credible Special Needs Trust Attorney in Wildomar |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |