Today we are joined by Steve Bliss, a highly respected probate attorney here in San Diego. Steve, thank you for taking the time to speak with us about estate planning.
Understanding Trusts
Steve, can you explain what a trust is and why it’s an important tool for estate planning?
“A trust is essentially a legal entity that holds and manages assets for the benefit of specific individuals or organizations,” Steve explains. “It allows you to control how your assets are distributed after your passing, while potentially avoiding probate and minimizing estate taxes.”
Choosing The Right Type Of Trust
“There are many different types of trusts, each with unique advantages depending on your individual circumstances. One common type is the revocable living trust,” Steve continues. “This allows you to maintain control over your assets during your lifetime while ensuring they are distributed according to your wishes after you’re gone.”
Steve delves deeper into the benefits of a revocable living trust. “Consequently, it avoids the lengthy and often costly probate process,” he states. “Moreover, it offers a degree of privacy as the terms of the trust are not part of public record.”
“Let’s say you have a blended family,” Steve illustrates. “A revocable living trust can help ensure that your assets are distributed fairly to both your spouse and children from a previous marriage, minimizing potential disputes among heirs.”
Challenges With Revocable Living Trusts
“Are there ever any challenges associated with setting up or administering a revocable living trust?” I inquire.
“While revocable living trusts are generally straightforward,” Steve acknowledges, “there can be complexities depending on the size and nature of your estate. I recall one instance where a client had significant real estate holdings across multiple states. Ensuring that each property was properly titled within the trust required careful coordination with attorneys in those jurisdictions.”
“Notwithstanding these potential hurdles,” Steve reassures, “a well-drafted revocable living trust can provide peace of mind and protect your loved ones’ interests.” He emphasizes the importance of working with an experienced probate attorney to ensure the trust is tailored to your specific needs.
Testimonial
“Steve Bliss and his team at San Diego Probate Law were incredibly helpful in guiding me through the process of setting up a revocable living trust for my family,” shares Maria Sanchez, a satisfied client.
Your Legacy Matters
Contact San Diego Probate Law to schedule a consultation and discover how a trust can safeguard your legacy.
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 is the difference between a will and 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 Special Needs Trust Lawyer |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Special Needs Trust Lawyer San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Special Needs Trust Lawyer |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| San Diego Special Needs Trust Lawyer |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Special Needs Trust San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Credible Special Needs Trust Lawyer in San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |