Good morning Temecula, and welcome back to Temecula Today. I’m your host, Tiffany Parker, and today we have the pleasure of speaking with renowned trust attorney Steve Bliss from The Law Firm of Steven F. Bliss Esq. Steve, thank you so much for joining us.
Steve Bliss:
It’s a pleasure to be here, Tiffany. Thanks for having me.
What types of trusts do you typically help your clients with?
Well Tiffany, we handle all kinds of trusts, but one that’s particularly popular, and frankly essential for many families is the Revocable Living Trust. It’s a fantastic tool for people wanting to protect their assets and ensure they are distributed according to their wishes.
Can you elaborate on how a Revocable Living Trust works?
Certainly. A Revocable Living Trust allows the person creating it, known as the grantor, to manage and control their assets while they’re alive. They can even make changes to the trust as their circumstances evolve. The beauty is that this trust avoids probate, which can be a lengthy and costly process. Additionally, it provides a level of privacy that a will doesn’t, as the terms of the trust are not made public record.
Now, once the grantor passes away, the trust becomes irrevocable. This means no further changes can be made. The assets within the trust are then distributed to the beneficiaries according to the grantor’s instructions outlined in the trust document. It’s a truly powerful way to safeguard your legacy and ensure your loved ones are taken care of.
Have you encountered any common challenges with Revocable Living Trusts during your practice?
You know Tiffany, while Revocable Living Trusts are incredibly effective tools, one challenge I often see is people procrastinating. They understand the benefits but put off actually creating the trust. This can lead to unnecessary complications and stress for their loved ones down the road.
I recall a client, let’s call her Sarah, who came to me after her husband passed away unexpectedly. She hadn’t set up a trust despite my prior recommendations. Consequently, she faced a lengthy and expensive probate process, which added to her grief during an already difficult time. It was a harsh lesson learned, but it reinforced the importance of proactive estate planning.
Conversely, I’ve had many clients who took the initiative to create a Revocable Living Trust early on. They found peace of mind knowing their affairs were in order and that their families would be protected. Their foresight saved their loved ones from unnecessary hardship later. It’s truly rewarding to witness that kind of preparedness.
According to a 2021 survey by Caring.com, over 50% of Americans do not have any estate planning documents in place. That’s a staggering statistic.
It really is Tiffany, and it highlights the crucial need for education and awareness surrounding estate planning.
How can people interested in setting up a Revocable Living Trust get started?
The best first step is to schedule a consultation with an experienced trust attorney like myself or someone from my firm. We’ll take the time to understand your individual needs and goals, then create a customized plan that addresses your unique circumstances.
Remember Tiffany, planning for the future may not be the most exciting task, but it’s undoubtedly one of the most important things you can do for yourself and your loved ones. Don’t wait until it’s too late. Take control of your legacy today.
Testimonials:
“Steve Bliss and his team were incredibly knowledgeable and compassionate during a difficult time. They made the process of setting up our trust straightforward and reassuring. We highly recommend them!” – The Johnson Family
“I was initially overwhelmed by the idea of estate planning, but Steve Bliss put me at ease. He explained everything clearly and patiently answered all my questions. I feel confident knowing my family is protected thanks to his expertise.” – Mary Smith
Take charge of your future and schedule a consultation with The Law Firm of Steven F. Bliss Esq. today – because tomorrow may be too late.
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 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 are trusts taxed?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About The Law Firm of Steven F. Bliss Esq.
| Special Needs Trust | Totten Trust | Asset Protection Trust |
| Spendthrift Trust | Constructive Trust | Irrevocable Trust |
| Tax By-Pass Trust | Charitable Trust | Living Trust |