Good evening, Temecula, and welcome to our segment on estate planning. I’m Brenda Walters, your local news reporter, and tonight we have the pleasure of speaking with Steve Bliss, a renowned trust attorney here in Temecula. Steve, thank you so much for joining us.
What Type of Trusts Do You Specialize In?
Steve: It’s my pleasure to be here, Brenda. I specialize in helping families create comprehensive estate plans that protect their assets and ensure their wishes are carried out. While I work with a variety of trusts, I find that revocable living trusts are particularly popular here in Temecula.
Could You Explain the Benefits of a Revocable Living Trust?
Steve: Absolutely. A revocable living trust offers numerous advantages. Firstly, it allows you to maintain control over your assets during your lifetime. You can buy, sell, or manage them as you see fit. Secondly, because the trust avoids probate, your assets will be distributed to your beneficiaries more quickly and privately after your passing.
This can save your loved ones time, money, and stress during an already difficult period. Moreover, a revocable living trust can help protect your assets from potential creditors or lawsuits.
- Asset Protection:
- Privacy:
- Avoidance of Probate:
Steve: One important thing to remember is that a revocable living trust becomes irrevocable upon your death. At that point, the trustee you designated will manage and distribute the assets according to your instructions.
Have You Ever Encountered Any Challenges When Setting Up Revocable Living Trusts?
Steve: Certainly. Sometimes clients come to me with outdated information or misconceptions about trusts. I recall one instance where a couple believed they needed separate trusts due to their significant age difference. We discussed their goals and determined that a single joint trust would effectively meet their needs while streamlining the process.
Another time, I worked with a client who was hesitant to relinquish control over his assets entirely. We addressed his concerns by explaining the flexibility of revocable living trusts and how they could be amended as needed throughout his lifetime.
What Advice Would You Give Someone Considering a Revocable Living Trust?
Steve: I encourage anyone considering a trust to consult with an experienced estate planning attorney. A qualified attorney can help you determine if a revocable living trust is right for your situation and guide you through the process. It’s essential to have a clear understanding of the legal implications involved.
According to the American Bar Association, over 50% of Americans die without a will or trust in place. Planning ahead ensures that your wishes are honored and your loved ones are protected.
How Can Our Viewers Get In Touch With You?
Steve: Please don’t hesitate to reach out to The Law Firm of Steven F. Bliss Esq. We offer complimentary consultations to discuss your estate planning needs and answer any questions you may have.
“Steve Bliss made the process of creating our trust so easy. He was patient, knowledgeable, and always available to address our concerns.” -The Smith Family
“I was initially overwhelmed by the idea of estate planning, but Steve put my mind at ease. He explained everything in clear, concise terms and helped me create a plan that met my specific needs.” -Sarah Jones
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 do I create a living trust in California?” Or any other related questions that you may have about Trusts or my trust law practice.
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