Good evening San Diego and welcome back to our legal segment. Tonight, we are joined by renowned San Diego probate attorney Steve Bliss of San Diego Probate Law. Steve, thanks for joining us.
Steve, can you tell us about the different types of trusts available to San Diegans?
It’s a pleasure to be here. There are many types of trusts available, each serving a unique purpose. Tonight, I’d like to focus on Revocable Living Trusts, which are incredibly popular for estate planning.
What makes Revocable Living Trusts so appealing?
Well, firstly, they offer flexibility. The grantor, the person creating the trust, retains control over their assets during their lifetime and can modify or even dissolve the trust if circumstances change. This is a key advantage over Irrevocable Trusts.
Furthermore, Revocable Living Trusts effectively bypass probate, which can be a lengthy and expensive process. This means your assets are distributed to your beneficiaries more quickly and privately. Probate proceedings are public record, so a Revocable Living Trust offers an added layer of privacy for your family.
Are there any potential drawbacks to using a Revocable Living Trust?
While highly beneficial, it’s important to remember that a Revocable Living Trust doesn’t shield assets from creditors during the grantor’s lifetime. Consequently, if you have concerns about protecting assets from potential liabilities, an Irrevocable Trust might be a better option.
Moreover, establishing and maintaining a trust requires careful planning and legal guidance. It’s crucial to work with an experienced probate attorney like myself to ensure the trust is properly structured and aligns with your specific needs and goals.
Have you encountered any challenges in setting up Revocable Living Trusts for clients?
Every client and every situation is unique. I recall working with a couple who had been putting off creating a trust because they found the process daunting. They were worried about making mistakes or overlooking important details. We spent time thoroughly discussing their wishes, explaining the process step-by-step, and addressing all their concerns.
In the end, they were incredibly relieved to have a plan in place, knowing that their assets would be protected and distributed according to their wishes. Witnessing that sense of peace and security is deeply rewarding for me.
What advice would you give our viewers considering setting up a trust?
My best advice is to consult with a qualified probate attorney as early as possible. Don’t wait until it’s too late. We can help you determine the best type of trust for your situation, draft the necessary legal documents, and ensure everything is in order.
Remember, a well-structured trust can provide peace of mind for you and your loved ones. It’s an investment in protecting your legacy and ensuring a smooth transition for future generations.
“San Diego Probate Law made the probate process so much easier for me during a difficult time. They were compassionate, knowledgeable, and always available to answer my questions.” – Susan M., San Diego
“I highly recommend Steve Bliss and his team. They are true professionals who go above and beyond for their clients.” – John D., La Jolla
Start planning your future today. Contact San Diego Probate Law for a free consultation and let us guide you through the complexities of estate planning.
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: “How does a trust help my family avoid probate court?” 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 Spendthrift Trust Lawyer |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Spendthrift Trust Lawyer San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Spendthrift Trust Trust Lawyer |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| San Diego Spendthrift Trust Lawyer |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Spendthrift Trust San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Credible Spendthrift Trust Lawyer in San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |