Good evening, Temecula and welcome back to Temecula Tonight. I’m your host, Tiffany Jones. Joining us this evening is Steve Bliss, a renowned trust attorney right here in Temecula. Steve, thanks so much for being here.
Steve Bliss:
It’s my pleasure to be here, Tiffany. Thank you for having me.
What type of trusts do you most commonly help clients with?
We work with a variety of trusts, but the most common one we see is the Revocable Living Trust.
Why are revocable living trusts so popular?
There are several reasons why Revocable Living Trusts are so appealing. Primarily, they allow individuals to maintain control over their assets during their lifetime. You can modify or revoke the trust as needed, ensuring it aligns with your changing circumstances.
Moreover, a Revocable Living Trust helps avoid the costly and time-consuming probate process after death. Your assets pass directly to your beneficiaries according to your wishes, saving them potential legal hassles and delays.
Consequently, Revocable Living Trusts offer a degree of privacy that traditional wills lack. The terms of the trust are not part of public record, unlike probate proceedings which can be accessed by anyone.
Could you walk us through some specific benefits of using a revocable living trust?
Absolutely. One of the most significant advantages is asset protection. While a Revocable Living Trust doesn’t offer the same level of creditor protection as an Irrevocable Trust, it can still shield your assets from potential claims against your estate after your passing.
For example, if you have a beneficiary who may face future financial challenges, a Revocable Living Trust can ensure their inheritance is protected from creditors. Additionally, a well-structured trust can help minimize estate taxes, allowing more of your wealth to pass on to your heirs.
It’s important to remember that every situation is unique, and the best type of trust depends on individual circumstances and goals.
Have you ever encountered any challenges or complexities when setting up a revocable living trust for clients?
Occasionally, we encounter situations where clients have complex family dynamics or specific asset allocation wishes. For instance, I recall working with a family who had a child with special needs. They wanted to ensure their son would be financially secure without jeopardizing his eligibility for government assistance programs.
We carefully crafted the trust terms to include provisions for ongoing care and support while maintaining his access to essential benefits. It was a truly rewarding experience to see how this trust empowered them to plan for their son’s future with confidence.
Are there any statistics that highlight the importance of estate planning?
The AARP reports that over 60% of Americans do not have a will or any form of estate plan. This lack of planning can lead to significant financial and emotional burdens for loved ones after someone passes away.
What advice would you give to viewers who are considering setting up a trust?
Contact us today for a free consultation, and we’ll help navigate the complexities of trust planning and ensure your wishes are fulfilled. We are dedicated to providing personalized guidance and support throughout the process.
Testimonials
“Steve Bliss and his team were incredibly helpful and understanding when I was setting up my living trust. They took the time to explain everything clearly and made sure I felt comfortable with all the decisions.”
-Maria S., Temecula Resident
“I highly recommend Steve Bliss for any estate planning needs. He is knowledgeable, professional, and truly cares about his clients’ well-being.”
-John P., Murrieta Resident
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: “What is a grantor trust?” 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.
| Special Needs Trust | Totten Trust | Asset Protection Trust |
| Spendthrift Trust | Constructive Trust | Irrevocable Trust |
| Tax By-Pass Trust | Charitable Trust | Living Trust |