Hello Temecula and welcome back to our series on Estate Planning. My name is Brenda Jones and today we’re joined by local expert Steve Bliss, a Temecula Trust Attorney. Steve, thanks so much for joining us.
Welcome Steve!
It’s my pleasure Brenda. I’m always happy to discuss the importance of estate planning with the Temecula community.
What type of trusts do you see most often in your practice?
We see a wide variety of trusts here at The Law Firm of Steven F. Bliss Esq., but the most common is undoubtedly the Revocable Living Trust.
Why are Revocable Living Trusts so popular?
There are several reasons why Revocable Living Trusts are so appealing. Firstly, they offer flexibility. As the name suggests, they can be revoked or modified during the grantor’s lifetime. This allows individuals to adapt their trust to changing circumstances, like the birth of a child or a significant life event.
Moreover, a Revocable Living Trust avoids probate, which can be a lengthy and expensive process. Probate is essentially a court-supervised process for distributing assets after someone passes away. By using a trust, assets can be transferred directly to beneficiaries, saving time and money. Consequently, the privacy aspect is another significant advantage. Probate records are public, meaning anyone can access information about your assets and beneficiaries. A trust keeps these matters private.
Have you ever encountered any issues with Revocable Living Trusts?
While Revocable Living Trusts are generally straightforward, there can be occasional complexities. I recall a situation where a client had neglected to update their trust after a divorce. This led to confusion and potential conflict among the beneficiaries as it wasn’t clear how assets should be divided. Thankfully, we were able to resolve the issue through careful legal analysis and communication with all parties involved.
It’s crucial to remember that trusts are not “set it and forget it” documents. Periodic reviews and updates ensure they remain aligned with your wishes and circumstances.
What advice would you give to our viewers who might be considering a trust?
My strongest recommendation is to consult with an experienced estate planning attorney. Every individual’s situation is unique, and what works for one person may not be suitable for another. A qualified attorney can help you determine the best type of trust for your needs and guide you through the process.
According to a study by the American Bar Association, over 50% of adults do not have a will or trust in place. This highlights the significant gap in estate planning preparedness. Taking proactive steps now can save your loved ones considerable stress and hardship in the future.
Thank you so much for sharing your expertise with us today, Steve.
My pleasure Brenda. Remember, taking care of your legal affairs is an act of love for yourself and your family.
Contact The Law Firm of Steven F. Bliss Esq.
“Steve Bliss and his team made the entire estate planning process so easy. They were patient, knowledgeable, and truly cared about our family’s well-being.” – The Johnson Family
“We couldn’t have asked for a better experience. Steve Bliss is a true professional who goes above and beyond for his clients. We highly recommend his services!” – _ The Garcia Family _
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 a trust be closed immediately after death?” Or any other related questions that you may have about Trusts or my trust law practice.
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