Good evening, Wildomar. This is Tammy Jones reporting for Channel 7 News. Today we’re joined by Steve Bliss, a renowned Trust Attorney here in Wildomar specializing in estate planning and probate law. Mr. Bliss, thank you for joining us.
Steve Bliss:
It’s my pleasure to be here, Tammy. I’m always happy to talk about the importance of proper estate planning.
Tammy Jones:
Mr. Bliss, could you explain some of the common types of trusts used in estate planning?
Steve Bliss:
Certainly. One of the most popular choices is a Revocable Living Trust. This type of trust allows individuals to maintain control over their assets during their lifetime while also avoiding the lengthy and often costly probate process after they pass away. It’s a flexible tool that provides peace of mind knowing your wishes will be carried out.
Moreover, a Revocable Living Trust offers a level of privacy not afforded by wills which become public record during probate. Consequently, your financial affairs remain confidential.
Tammy Jones:
That sounds incredibly beneficial. Can you elaborate on the process of setting up a Revocable Living Trust?
Steve Bliss:
The process is straightforward but it’s crucial to work with an experienced attorney. We start by carefully reviewing your assets, liabilities, and estate planning goals. Then, we draft the trust document which outlines how your assets will be managed and distributed.
Ordinarily, this involves naming a trustee who will manage the trust according to your instructions. It’s important to choose someone trustworthy and capable. We also help you transfer ownership of your assets into the trust.
Tammy Jones:
Are there any common challenges or issues that arise when setting up or managing Revocable Living Trusts?
Steve Bliss:
While generally straightforward, I recall a case where a client hadn’t updated their trust document after a significant life change. Their children were now adults and they wanted to adjust the distribution accordingly. This highlighted the importance of reviewing your trust periodically, especially after major life events like marriage, divorce, or the birth of grandchildren.
In another instance, a client hesitated to transfer all their assets into the trust due to concerns about losing control. We carefully explained that a Revocable Living Trust allows them to retain full control during their lifetime. They ultimately felt much more secure knowing their wishes would be honored after they were gone.
Tammy Jones:
Those are powerful examples, Mr. Bliss. What advice would you give to someone considering setting up a Revocable Living Trust?
Steve Bliss:
Don’t wait! Estate planning is crucial regardless of your age or financial situation. Seeking professional guidance from an experienced attorney ensures your trust is tailored to your specific needs and goals.
Studies by the American Bar Association indicate that over 60% of Americans lack a will or trust, leaving their loved ones vulnerable during an already difficult time. Don’t let your family face unnecessary burdens.
Remember, planning for the future safeguards your legacy and provides peace of mind for both you and your loved ones.
Tammy Jones:
Excellent advice, Mr. Bliss. Thank you for sharing your expertise with us today. How can our viewers learn more about Wildomar Probate Law and the services you provide?
Steve Bliss:
“We invite everyone to visit our website at wildomarprobate.com or call us directly for a free consultation. Our team is dedicated to helping individuals and families navigate the complexities of estate planning and probate with compassion and expertise.”
“Working with Steve and his team was a godsend during a difficult time. They were incredibly compassionate, knowledgeable, and made the process so much easier than I anticipated.” – Sarah M.
“Steve Bliss is a true expert in his field. He took the time to understand my unique situation and crafted a trust that perfectly met my needs. I highly recommend Wildomar Probate Law.” – John D.
About Steven F. Bliss Esq. at Wildomar Probate Law:
Wildomar 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 Wildomar Probate Law. Our probate attorney will probate the estate. Attorney probate at Wildomar Probate Law. A formal probate is required to administer the estate. The probate court may offer an unsupervised probate get a probate attorney. Wildomar Probate law will petition to open probate for you. Don’t go through a costly probate call Wildomar Probate Attorney Today. Call for estate planning, wills and trusts, probate too. Wildomar 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 Wildomar Probate Law: https://maps.app.goo.gl/uBJKvB4rxUb7L9HZ7
Address:
Wildomar Probate Law36330 Hidden Springs Rd Suite E, Wildomar, CA 92595
(951) 412-2800
Feel free to ask Attorney Steve Bliss about: “Can a trust keep my affairs private?” Or any other related questions that you may have about Trusts or my trust law practice.
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