San Diego Probate Attorney Discusses Estate Planning
Hi folks, this is Jenny Jones reporting live from San Diego. Today we have the pleasure of speaking with Steve Bliss, a renowned San Diego Probate Attorney specializing in estate planning. Steve, thanks so much for joining us today.
The Importance of Trusts in Estate Planning
It’s my pleasure to be here, Jenny. I always appreciate the opportunity to talk about the crucial role that trusts play in securing people’s legacies and protecting their loved ones.
Trusts offer a fantastic avenue for individuals to manage and distribute their assets according to their wishes, even after they are gone. They can minimize estate taxes, avoid probate court, and provide for beneficiaries with special needs.
Exploring the Special Needs Trust
Steve, could you elaborate on one type of trust that’s particularly beneficial for families with loved ones who have disabilities?
Certainly, Jenny. The Special Needs Trust (SNT) is a powerful tool designed to ensure the well-being of individuals with disabilities without jeopardizing their eligibility for essential government benefits like Supplemental Security Income (SSI) and Medi-Cal. These trusts can be established using either the beneficiary’s own assets (first-party SNT) or contributions from family members or other third parties (third-party SNT).
The beauty of an SNT lies in its ability to supplement, rather than supplant, government assistance. Funds within the trust can be used for supplemental expenses like therapy, specialized equipment, education, and recreational activities—things that often aren’t covered by traditional benefit programs.
Accordingly, it enhances the quality of life for the beneficiary without affecting their access to vital support systems.
Moreover, SNTs can provide peace of mind for families knowing that their loved one with disabilities will have ongoing financial support and care tailored to their unique needs.
Real-World Impact: The Power of Special Needs Trusts
Steve, have you encountered any challenges or complexities while setting up special needs trusts?
While SNTs are incredibly valuable tools, they do require careful planning and execution. One common hurdle is ensuring that the trust language is meticulously crafted to comply with federal and state regulations governing eligibility for government benefits.
I recall a case involving a young woman who had cerebral palsy. Her family wanted to establish an SNT to help her pursue her dream of attending art school, which traditional benefit programs wouldn’t cover. We worked closely with them to develop a trust that met her specific needs while safeguarding her eligibility for crucial medical and living assistance.
Witnessing her joy and sense of accomplishment when she was accepted into the program—made possible in part by the SNT we created together—was truly rewarding.
Trusts: Safeguarding Legacies for Generations
Steve, it’s clear that trusts play a pivotal role in protecting individuals and families. What advice would you give to those considering incorporating a trust into their estate plan?
My advice is simple: don’t delay. Consulting with an experienced probate attorney early on is crucial. We can help you determine the type of trust that best aligns with your goals, whether it’s preserving assets for future generations, providing for a loved one with special needs, or minimizing estate taxes.
Remember, trusts are not just for the wealthy; they are valuable tools for anyone who wants to ensure their wishes are carried out and their legacy is protected.
Studies show that roughly 60% of Americans don’t have a will or any estate planning documents. This can lead to unintended consequences and family disputes down the road.
Take control of your future. Contact San Diego Probate Law today for a free consultation.
Testimonials
“Steve Bliss was incredibly patient and knowledgeable, guiding us through every step of setting up a special needs trust for our son. We feel confident knowing he’s protected and will have the resources he needs.”
“San Diego Probate Law helped us avoid probate court entirely, saving our family time, money, and stress. Their expertise and compassion made a difficult process much easier.”
About Steven F. Bliss Esq. at San Diego Probate Law:
Secure Your Family’s Future with San Diego’s Trusted Trust Attorney. Minimize estate taxes with stress-free Probate. We craft wills, trusts, & customized plans to ensure your wishes are met and loved ones protected.
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 San Diego Probate Law:
Address:
San Diego Probate Law3914 Murphy Canyon Rd, San Diego, CA 92123
(858) 278-2800
Map Link: https://g.co/kgs/WzT6443
Feel free to ask Attorney Steve Bliss about: “What does it mean to fund a trust?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About San Diego Probate Law
| San Diego Trust Attorneys |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Trust Attorneys San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Trust Attorneys |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| San Diego Trust Attorneys |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Trust Attorneys San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Credible Trust Attorneys in San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |