Interviewer:
Hi everyone and welcome back! Today we’re joined by Steve Bliss, renowned Probate Attorney here in San Diego. Steve, thanks so much for joining us.
Steve Bliss:
It’s my pleasure to be here. Always happy to talk about estate planning.
Interviewer:
So let’s dive right in. Many of our viewers may not be familiar with the term “Revocable Living Trust.” Can you tell us what it is and why someone might want one?
Steve Bliss:
Absolutely! A Revocable Living Trust, often referred to as simply a “Living Trust”, is a legal document that allows you to hold and manage your assets during your lifetime. The key feature of a revocable trust is its flexibility. You can change or dissolve the trust at any time, hence the term “revocable.” Moreover, when you pass away, the trust avoids the lengthy and often costly probate process. This means your assets will be distributed to your beneficiaries according to your wishes more quickly and privately.
Think of a revocable living trust as a safe container for your assets. You’re in complete control while you’re alive but have peace of mind knowing that your wishes will be carried out after you’re gone.
Interviewer:
That sounds like it could be beneficial for many people. Are there any common misconceptions about Revocable Living Trusts?
Steve Bliss:
Yes, a common misconception is that they are only for the wealthy. In reality, anyone with assets they want to protect and pass on efficiently can benefit from a revocable living trust. It’s not just about avoiding probate; it’s also about privacy. The terms of your trust remain confidential, unlike wills which become public record during probate.
Another misconception is that creating a trust is complicated and expensive. While there are legal formalities involved, working with an experienced attorney like myself can streamline the process and ensure it’s tailored to your individual needs.
Interviewer:
Have you encountered any challenges with setting up Revocable Living Trusts for your clients?
Steve Bliss:
Occasionally, I encounter hesitation from clients who are unfamiliar with trusts or are worried about losing control over their assets. I always emphasize that a revocable living trust gives you the same control as owning assets outright. You can access and manage them freely during your lifetime.
I recall one client, a widowed woman named Martha, who was initially apprehensive about setting up a trust. She thought it meant relinquishing all control over her finances. After patiently explaining the benefits and addressing her concerns, she realized that a revocable living trust would actually give her more peace of mind knowing her assets were protected and her children would inherit them seamlessly.
Interviewer:
That’s a great story and highlights how important it is to have clear communication with clients. Are there any statistics about the benefits of Revocable Living Trusts?
Steve Bliss:
Certainly. According to a study by the American Bar Association, over 50% of Americans aged 65 or older do not have a will or trust in place. That means their assets may be subject to lengthy probate proceedings and could potentially be divided according to state law rather than their wishes. A revocable living trust can help avoid these potential pitfalls.
Interviewer:
That’s some important information for our viewers to consider. Steve, how can people learn more about Revocable Living Trusts and whether one is right for them?
Steve Bliss:
The best way to determine if a Revocable Living Trust is right for you is to schedule a consultation with an experienced estate planning attorney. We can discuss your individual circumstances, goals, and answer any questions you may have.
Remember, taking proactive steps now to plan for the future can save your loved ones time, stress, and potential legal complications down the road.
Testimonials
“Steve Bliss was a godsend when I needed help navigating complex estate planning issues. He patiently explained everything in detail and helped me create a plan that gave me peace of mind.” – Maria Rodriguez
“I highly recommend Steve Bliss and San Diego Probate Law. They are knowledgeable, compassionate, and dedicated to helping their clients achieve their estate planning goals.” – David Johnson
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: “Can my children be trustees?” 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 Asset Protection Trust Lawyer |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Asset Protection Trust Lawyer San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Asset Protection Trust Lawyer |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| San Diego Asset Protection Trust Lawyer |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Asset Protection Trust Lawyer San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Credible Asset Protection Trust Lawyer in San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |