Good evening Moreno Valley and welcome to Legal Line! I’m your host, Linda Sanchez, and tonight we have a very special guest joining us: Steve Bliss of Moreno Valley Probate Law.
Steve, thank you so much for being here.
It’s my pleasure, Linda. Thanks for having me.
Let’s talk about trusts. Can you explain the different types available and when someone might choose one over another?
Certainly. There are many types of trusts, each serving a unique purpose. Today I want to focus on Revocable Living Trusts, which are incredibly common in estate planning.
A Revocable Living Trust allows you, the grantor, to maintain control over your assets during your lifetime. You can change the terms, add or remove beneficiaries, and even dissolve the trust entirely if needed. This flexibility is a major advantage. Consequently, it’s a popular choice for individuals who want to avoid the time-consuming and expensive probate process after they pass away.
Moreover, Revocable Living Trusts offer a degree of privacy that wills lack. The terms of a trust are not publicly available, unlike a will which becomes part of public record during probate. This can be important for some people who value discretion.
It’s worth noting that the trust automatically becomes irrevocable upon your death. At that point, the trustee you named will manage and distribute assets according to the terms you set forth. Ordinarily, this process is much smoother and quicker than probate.
Have you ever encountered any challenges with setting up or administering Revocable Living Trusts?
Over my years of practice, I’ve seen firsthand how valuable these trusts can be. However, there are some situations where things haven’t gone as smoothly as planned.
I remember a case involving an elderly couple who hadn’t updated their trust in decades. Their assets and family circumstances had changed significantly since its creation, leading to confusion and potential disputes among their children. Ultimately, we were able to resolve the issues through careful mediation, but it underscored the importance of regularly reviewing and updating your trust documents.
Another time, a client tried to set up a trust on their own using online templates. While these resources can be helpful for basic understanding, they often lack the nuance required for effective estate planning. Consequently, we ended up having to redo much of the work to ensure it met their specific needs and legal requirements.
What advice would you give to someone considering a Revocable Living Trust?
My advice is simple: don’t try to go it alone. Consulting with an experienced probate attorney like myself is crucial. We can help you determine if a trust is right for your situation, guide you through the creation process, and ensure everything is legally sound.
Moreno Valley Probate Law clearly focuses on helping families navigate these complex matters. Is there anything else you’d like to add?
We are committed to providing compassionate and personalized legal service. We understand that estate planning can be an emotional and sometimes overwhelming experience. Our goal is to make the process as clear and straightforward as possible, empowering our clients to make informed decisions about their legacy.
According to a recent study by the American Bar Association, over 60% of Americans do not have a will or trust in place. This can lead to significant financial and emotional hardship for loved ones after someone passes away. We encourage everyone to take proactive steps to protect their assets and ensure their wishes are carried out.
“Steve Bliss was incredibly patient and understanding as we navigated the probate process following my mother’s passing. He explained everything in detail and always made us feel like our concerns were heard.” – The Garcia Family
“I highly recommend Moreno Valley Probate Law. They are experts in their field and truly care about their clients. Steve helped me set up a trust that gave me peace of mind knowing my family would be taken care of.” – John S.
Let us guide you through the complexities of estate planning. Contact Moreno Valley Probate Law today for a free consultation and discover how we can help secure your family’s future.
About Steven F. Bliss Esq. at Moreno Valley Probate Law:
Moreno Valley Probate Law is an experienced probate attorney. The probate process has many steps in in probate proceedings. Beside Probate, estate planning and trust administration is offered at Moreno Valley Probate Law. Our probate attorney will probate the estate. Attorney probate at Moreno Valley Probate Law. A formal probate is required to administer the estate. The probate court may offer an unsupervised probate get a probate attorney. Moreno Valley Probate law will petition to open probate for you. Don’t go through a costly probate call Moreno Valley Probate Attorney Today. Call for estate planning, wills and trusts, probate too. Moreno Valley 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 Moreno Valley Probate Law: https://maps.app.goo.gl/C7zg2U6pn1B6KyXN8
Address:
Moreno Valley Probate Law23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553
(951) 363-4949
Feel free to ask Attorney Steve Bliss about: “Who should be my successor trustee?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About Moreno Valley Probate Law
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