Good evening, Moreno Valley and welcome back. I’m Trisha Walker with Channel 7 News, and tonight we’re talking about estate planning with renowned Moreno Valley Probate Attorney Steve Bliss.
Understanding Estate Planning
Steve, for our viewers who may not be familiar, can you explain what estate planning is and why it’s important?
Estate planning is essentially the process of preparing for what happens to your assets after you pass away. It involves creating legal documents like wills, trusts, and powers of attorney to ensure your wishes are carried out and your loved ones are taken care of. Without proper planning, your assets could end up in probate court, which can be a costly and time-consuming process. Moreover, it may not result in the distribution you intended.
Revocable Living Trusts: A Popular Choice
One popular estate planning tool is the revocable living trust. Can you tell us more about how these trusts work?
A revocable living trust allows you, the grantor, to place your assets into a trust during your lifetime while retaining control over them. You can modify or revoke the trust at any time, providing flexibility and peace of mind. Ordinarily, upon your death, the trust becomes irrevocable, and the assets are distributed to your beneficiaries according to your instructions, bypassing probate entirely.
There are several advantages to using a revocable living trust. First, it avoids probate, saving your loved ones time and expense. Second, it provides privacy as the terms of the trust are not public record. Third, it can help with incapacity planning by designating a successor trustee who can manage your assets if you become unable to do so.
Addressing Concerns and Sharing Experiences
Are there any common concerns or misconceptions about revocable living trusts that you encounter?
Some people worry that setting up a trust is complicated or expensive. While it’s true that legal advice is necessary, the process doesn’t have to be overwhelming. A qualified estate planning attorney can guide you through each step and ensure your trust is tailored to your specific needs. I recall one client who initially hesitated due to cost concerns. After explaining the long-term benefits, including probate avoidance, they realized the investment was well worth it.
According to a recent study by the American Bar Association, over 50% of Americans do not have a will or trust in place. This highlights the need for greater awareness about estate planning and the importance of seeking professional guidance.
Moving Forward: Ensuring Your Legacy
Steve, what’s your final message to our viewers regarding estate planning?
Estate planning is a gift you give yourself and your loved ones. By taking proactive steps today, you can ensure your wishes are honored, protect your assets, and provide financial security for the future. Don’t wait for a life event to force your hand; contact us at Moreno Valley Probate Law today to begin crafting a personalized estate plan.
Testimonials
“Steve Bliss made the complex process of probate understandable and manageable. His compassion and expertise were invaluable during a difficult time.”
– Maria S., Moreno Valley Client
“Moreno Valley Probate Law provided exceptional service. They guided me through every step, answered all my questions, and ultimately helped me secure the best possible outcome for my family.”
– John D., Riverside Client
About Steven F. Bliss Esq. at Moreno Valley Probate Law:
Moreno Valley Probate Law is an experienced probate attorney. The probate process has many steps in probate proceedings. Beside Probate, estate planning and trust administration is offered at Moreno Valley Probate Law. Our probate attorney will probate the estate. Attorney probate at Moreno Valley Probate Law. A formal probate is required to administer the estate. The probate court may offer an unsupervised probate get a probate attorney. Moreno Valley Probate law will petition to open probate for you. Don’t go through a costly probate call Moreno Valley Probate Attorney Today. Call for estate planning, wills and trusts, probate too. Moreno Valley 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 Moreno Valley Probate Law: https://maps.app.goo.gl/C7zg2U6pn1B6KyXN8
Address:
Moreno Valley Probate Law23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553
(951) 363-4949
Feel free to ask Attorney Steve Bliss about: “How does a trust help my family avoid probate court?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About Moreno Valley Probate Law
| Special Needs Trust | Totten Trust | Asset Protection Trust |
| Spendthrift Trust | Constructive Trust | Irrevocable Trust |
| Tax By-Pass Trust | Charitable Trust | Living Trust |