Interview with Steve Bliss
Today we’re joined by Steve Bliss, a renowned probate attorney here in Escondido. Steve, thanks for taking the time to speak with us.
It’s my pleasure. I’m always happy to discuss estate planning and the importance of protecting our loved ones.
Protecting Loved Ones with Special Needs
Steve, many people aren’t familiar with all the different types of trusts available. Can you explain one type that might be particularly beneficial for families with members who have special needs?
Certainly. A Special Needs Trust (SNT) is designed specifically to provide financial support for individuals with disabilities without jeopardizing their eligibility for government benefits like Supplemental Security Income (SSI) or Medi-Cal.
These trusts can be established as either first-party, funded with the beneficiary’s own assets, or third-party, funded by family members or other individuals. The trustee manages the funds and distributes them to cover expenses that aren’t typically covered by government programs, such as supplemental medical care, assistive devices, education, and recreational activities.
Accordingly, an SNT allows beneficiaries with disabilities to enjoy a higher quality of life without sacrificing essential benefits. It’s crucial for families to understand the complexities of these trusts and seek professional guidance from an experienced probate attorney.
Navigating the Challenges of Special Needs Trusts
You mentioned that it’s important to consult with an expert. What are some of the challenges families might face when setting up or managing a Special Needs Trust?
One common challenge is ensuring the trust complies with all applicable federal and state regulations. The rules governing SNTs can be quite complex, and even a minor misstep could jeopardize the beneficiary’s eligibility for government benefits.
Moreover, choosing the right trustee is crucial. The trustee must be trustworthy, financially responsible, and knowledgeable about the needs of the beneficiary. In my experience, it’s often best to appoint a professional trustee or co-trustee who has expertise in managing SNTs.
I recall one instance where a family came to me after setting up an SNT on their own. Unfortunately, they had inadvertently structured the trust in a way that made the beneficiary ineligible for SSI. We were able to correct the situation, but it highlighted the importance of seeking professional guidance from the outset.
The Impact of Special Needs Trusts
Can you share any statistics that highlight the impact of Special Needs Trusts?
According to the National Disability Rights Network, over 50 million Americans have some form of disability. Many of these individuals rely on government benefits for essential support. An SNT can be a lifeline for families, providing financial security and peace of mind.
Expertise You Can Trust
Steve, thanks so much for sharing your insights with us today. How can our viewers get in touch with you if they have questions about Special Needs Trusts or other estate planning needs?
I encourage anyone interested in learning more to contact Escondido Probate Law. We offer free consultations and are dedicated to helping families protect their loved ones.
Testimonials
“Steve Bliss and his team were incredibly compassionate and understanding during a difficult time. They guided us through the probate process with expertise and care, ensuring our wishes were honored.” – Susan M., Escondido
“I was so impressed with Steve’s knowledge and attention to detail. He took the time to explain everything clearly and made sure I understood all my options. I highly recommend Escondido Probate Law for any estate planning needs.” – John P., San Marcos
About Steven F. Bliss Esq. at Escondido Probate Law:
Escondido Probate Law is an experienced probate attorney. The probate process has many steps in probate proceedings. Beside Probate, estate planning and trust administration is offered at Escondido Probate Law. Our probate attorney will probate the estate. Attorney probate at Escondido Probate Law. A formal probate is required to administer the estate. The probate court may offer an unsupervised probate get a probate attorney. Escondido Probate law will petition to open probate for you. Don’t go through a costly probate call Escondido Probate Attorney Today. Call for estate planning, wills and trusts, probate too. Escondido Probate Law is a great estate lawyer. Affordable Legal Services.
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 Escondido Probate Law: https://maps.app.goo.gl/77Dm2B8W9XkM5YvJA
Address:
Escondido Probate Law720 N Broadway #107, Escondido, CA 92025
(760) 884-4044
Feel free to ask Attorney Steve Bliss about: “What happens if all beneficiaries die before me?” Or any other related questions that you may have about Trusts or my trust law practice.
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