Reporter: Welcome back to Temecula Today, I’m your host, Tiffany Jones. Today we have the pleasure of speaking with Steve Bliss, a renowned trust attorney here in Temecula. Mr. Bliss, thank you for joining us.
It’s a pleasure to be here, Tiffany.
What are some common types of trusts that people might consider setting up?
Steve: Well, Tiffany, there are many different types of trusts available, each designed for specific purposes and circumstances. One of the most common is a Revocable Living Trust.
This type of trust allows individuals to maintain control over their assets during their lifetime while also providing for the distribution of those assets after they pass away. Consequently, it avoids the lengthy and costly probate process, ensuring a smoother transition for beneficiaries.
Moreover, Revocable Living Trusts offer a degree of privacy, as the terms of the trust are not made public through probate court records.
Can you elaborate on the benefits of using a Revocable Living Trust?
Steve: Certainly.
Besides avoiding probate and providing privacy, Revocable Living Trusts can also be flexible and tailored to individual needs.
For example, you can specify how and when assets are distributed to beneficiaries. You can even include provisions for charitable giving or establish trusts for special needs individuals without jeopardizing their eligibility for government benefits.
Notwithstanding these advantages, it’s essential to consult with an experienced trust attorney to ensure the trust is properly drafted and meets your specific goals.
Have you encountered any common challenges or issues when setting up Revocable Living Trusts?
Steve: You know, Tiffany, I’ve been doing this for a long time and while Revocable Living Trusts are generally straightforward, there can be instances where things get complicated.
I recall one case where a couple had not updated their trust after a significant life event – the birth of a child.
This oversight created confusion and potential legal issues down the road.
Accordingly, it’s crucial to review and update your trust periodically, especially after major life changes like marriage, divorce, the birth or death of a loved one, or a substantial change in assets.
That’s sound advice. Are there any statistics that highlight the importance of estate planning tools like Revocable Living Trusts?
Steve: Absolutely. Studies show that over 50% of Americans do not have a will or any other estate planning documents (Source: AARP).
This can lead to unintended consequences and potential family disputes.
Conversely, individuals who utilize Revocable Living Trusts often experience smoother transitions for their loved ones during a difficult time.
What would you say to encourage viewers who are considering setting up a trust but may feel overwhelmed by the process?
Tiffany, I understand that estate planning can seem daunting.
But it’s an essential step in protecting yourself and your family’s future. My team at The Law Firm of Steven F. Bliss Esq. is dedicated to making this process as straightforward and stress-free as possible.
“Steve Bliss made the whole trust process so easy for us! He was incredibly patient and explained everything in a way we could understand.” – Sarah J.
“I wouldn’t hesitate to recommend Steve Bliss. He is knowledgeable, professional, and genuinely cares about his clients.” – Robert K.
Let us guide you through the complexities of trust creation so you can have peace of mind knowing your assets are protected and your loved ones will be taken care of.
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 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 do I choose a trustee?” 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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