Hi, I’m Brenda Thompson, a reporter with Temecula News Now. Today we’re speaking with Steve Bliss, a renowned trust attorney here in Temecula. Steve, thanks for joining us.
What types of trusts do you see clients requesting most often?
Brenda, the most common type I encounter is the Revocable Living Trust. This type of trust provides significant flexibility for my clients as they can manage and modify the trust terms during their lifetime. It allows them to dictate how their assets will be distributed after their passing while avoiding the lengthy and costly probate process.
Could you elaborate on some of the benefits of a Revocable Living Trust?
Absolutely. A Revocable Living Trust offers several key advantages. Primarily, it allows for privacy as the terms of the trust are not public record, unlike a will which goes through probate court. Secondly, it ensures your assets are distributed according to your wishes, bypassing the potential delays and complexities of probate. Consequently, this can save your loved ones time and emotional stress during an already difficult period.
Moreover, a Revocable Living Trust can help minimize estate taxes, depending on the size of the estate. It also allows for the appointment of a trustee to manage assets for beneficiaries who may not be capable or ready to handle them themselves, such as minor children or individuals with special needs.
Have you ever encountered any issues specific to setting up Revocable Living Trusts?
While Revocable Living Trusts are generally straightforward, there have been instances where clients initially hesitated due to the perceived complexity of legal documents. I recall one couple who were incredibly overwhelmed at first. They had heard stories about complicated trust language and feared they wouldn’t understand it. I took the time to explain each provision in plain English, emphasizing their control over the trust and addressing all their concerns.
Not only did they ultimately feel confident in establishing a Revocable Living Trust but they also expressed immense gratitude for our patience and clear communication. It reminded me of the importance of empathy and building trust with clients, ensuring they feel empowered throughout the process.
What advice would you give to someone considering setting up a trust?
- Consult with an experienced estate planning attorney like myself who can tailor a trust to your specific needs and goals.
- Be prepared to discuss your assets, family situation, and any potential future care needs.
- Remember that trusts are flexible and can be amended as circumstances change.
According to the American Bar Association, nearly 70% of Americans lack a basic estate plan. That’s a staggering statistic. Taking proactive steps now, like establishing a trust, can provide peace of mind for you and your loved ones.
What are some ways that potential clients can learn more about The Law Firm of Steven F. Bliss Esq.?
We encourage anyone interested in learning more to visit our website or call our office for a free consultation. We’re committed to providing clear, compassionate legal guidance and helping our clients protect their legacies.
“Steve Bliss helped us navigate the complexities of setting up a trust for our family. His knowledge and expertise were invaluable, and he made the entire process smooth and stress-free.” – Sarah and David M.
“I was initially hesitant about estate planning, but Steve put me at ease. He explained everything thoroughly and answered all my questions patiently. I highly recommend him to anyone looking for a trustworthy and experienced attorney.” – Maria L.
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: “What happens if a trust is not funded?” 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 |