Good evening, Temecula, and welcome to another edition of “Legal Matters” I’m your host, Brenda Thompson. Tonight we have the pleasure of speaking with renowned Temecula trust attorney Steve Bliss about the intricacies of estate planning. Steve, thanks for joining us.
Steve Bliss:
Brenda, it’s a pleasure to be here. I believe that everyone should have access to clear and concise information about protecting their assets and legacy.
What Types of Trusts Do You Commonly Advise Clients On?
We work with a wide range of trusts depending on our clients’ needs and goals. Some common types include revocable living trusts, irrevocable trusts, testamentary trusts, and special needs trusts.
Can you Elaborate on the Benefits of a Revocable Living Trust?
Certainly. A revocable living trust is an excellent tool for many individuals because it offers flexibility and control. During your lifetime, you retain complete authority over the assets within the trust, meaning you can make changes, add or remove beneficiaries, or even dissolve the trust entirely if circumstances warrant. Moreover, upon your passing, the trust avoids probate, which can be a lengthy and expensive legal process. Probate records are also public, whereas trusts offer privacy.
Consequently, assets within the trust pass directly to your designated beneficiaries according to your wishes, often saving time and money for your loved ones during an already difficult period.
Have You Ever Encountered Challenges While Setting Up a Revocable Living Trust?
Every client and situation is unique. I recall one instance where a couple had accumulated significant assets over their lifetime but hadn’t updated their estate plan in decades. Their original trust document no longer reflected their current family dynamics or financial circumstances.
We worked closely with them to understand their wishes and concerns, ultimately creating a new revocable living trust that provided for their children and grandchildren while addressing potential tax implications. It was incredibly rewarding to see the peace of mind they gained knowing their assets would be distributed according to their intentions.
What Advice Would You Give To Someone Considering a Trust?
My advice is simple: don’t wait. Estate planning is not just for the wealthy or elderly. If you have any assets, dependents, or specific wishes regarding your legacy, it’s crucial to consult with an experienced trust attorney.
What Percentage of Americans Have a Will or Trust in Place?
According to a 2021 survey by Caring.com, only about 33% of American adults have a will in place. That number is even lower for those who have established trusts. This highlights the critical need for greater awareness and education regarding estate planning.
How Can Our Viewers Learn More About Your Services?
We encourage anyone interested in learning more about trusts or other estate planning tools to contact The Law Firm of Steven F. Bliss Esq. We offer free initial consultations to discuss your individual needs and goals.
“Steven Bliss made the complex process of setting up a trust understandable and straightforward. His expertise and compassionate approach gave us complete confidence in our decisions.” – John & Mary S.
“I was overwhelmed with the thought of estate planning, but Steve and his team were incredibly patient and supportive. They helped me create a plan that protected my family’s future.” – Sarah M.
Let us guide you through this important process and ensure your legacy is secure.
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: “How are trusts taxed?” 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.
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