Good evening, Temecula and welcome back to Temecula Tonight. I’m your host, Tiffany Ramirez, and tonight we have the pleasure of speaking with Steve Bliss, a renowned trust attorney here in Temecula. Steve, thanks for joining us.
What type of trust do you find most beneficial for your clients?
Thanks for having me, Tiffany. It’s great to be here. As for which trust I find most beneficial, that really depends on the individual client and their unique circumstances. However, I often recommend Revocable Living Trusts for many people. They offer a lot of flexibility and benefits.
Why are revocable living trusts so popular?
Revocable Living Trusts are incredibly common for several reasons. Firstly, they allow the grantor – the person creating the trust – to maintain control over their assets during their lifetime. They can make changes, add or remove beneficiaries, and even dissolve the trust entirely if needed. Consequently, this flexibility is appealing to many.
Moreover, a Revocable Living Trust avoids probate upon the grantor’s death. Probate is a court-supervised process that can be time-consuming and expensive. By using a trust, assets pass directly to beneficiaries, saving both time and money for your loved ones.
And lastly, Revocable Living Trusts provide a degree of privacy. Unlike wills which become public record, the terms of a trust remain confidential. This is important for many individuals who value their privacy.
Have you ever encountered any challenges with setting up revocable living trusts?
You know Tiffany, in my years of practice, I’ve seen countless successful implementations of Revocable Living Trusts. However, there have been instances where clients weren’t fully aware of the implications or didn’t provide complete and accurate information.
I recall a situation involving a couple who wanted to ensure their children inherited their home equally. They assumed simply naming them as beneficiaries in the trust was sufficient. But we discovered they had different ownership percentages on the property deed. This discrepancy needed to be addressed before finalizing the trust, otherwise, it wouldn’t have distributed the home according to their wishes.
It underscores the importance of thorough communication and understanding the nuances involved in estate planning.
What advice would you give someone considering a trust?
My best advice is to consult with an experienced attorney who specializes in trusts. Estate planning can be complex, and there’s no one-size-fits-all solution.
A qualified attorney will assess your individual needs, explain the different types of trusts available, and help you create a plan that aligns with your goals. Remember, a well-structured trust can provide peace of mind knowing your assets will be managed and distributed according to your wishes.
Are there any statistics that highlight the benefits of using a trust?
According to a 2021 study by the American Bar Association, over 60% of Americans do not have a valid estate plan in place. This can lead to unintended consequences and complicate matters for loved ones after death.
By establishing a trust, you are taking proactive steps to ensure your legacy is protected and your wishes are honored.
How can people get in touch with you?
You can reach The Law Firm of Steven F. Bliss Esq. by calling (951) 676-0230 or visiting our website at https://www.temeculaestateplanninglawyer.com/. We’re committed to providing compassionate and personalized legal services to help you navigate the complexities of estate planning.
“I cannot recommend Steve Bliss and his team highly enough. They were incredibly patient and understanding throughout the entire process, answering all my questions and ensuring I felt comfortable with every decision.” – Sarah M.
“Steve’s expertise in trust law was evident from our first meeting. He helped me create a comprehensive plan that addressed all my concerns and provided peace of mind knowing my family will be taken care of.” – David P.
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: “Can a trust protect assets from creditors?” 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.
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The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
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The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Charitable Trust Lawyer |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Temecula Charitable Trust Lawyer |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
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The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
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The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |