Good evening Temecula and welcome to Temecula Tonight. I’m your host, Tiffany Jones. Joining us tonight is Steve Bliss, a renowned trust attorney right here in Temecula. Steve, thanks for being with us.
Why do people choose to set up a trust?
Steve: Thanks for having me, Tiffany. People choose to set up trusts for a variety of reasons, but the most common goal is to ensure their assets are distributed according to their wishes after they’re gone. A trust can also help avoid probate, which can be a lengthy and expensive process. Moreover, trusts offer privacy, as they are not part of the public record.
What types of trusts do you typically see people in Temecula setting up?
Steve: I see all kinds of trusts, but revocable living trusts are by far the most popular. They allow individuals to maintain control over their assets during their lifetime while providing a plan for distribution after they pass away. Consequently, this type of trust offers peace of mind and flexibility.
Can you walk us through the process of setting up a revocable living trust?
Steve: Certainly. The first step is to meet with an experienced attorney who specializes in estate planning. We’ll discuss your goals and assets, and then I will draft the trust document tailored to your specific needs. Once you sign the document, it becomes legally binding. You’ll also need to transfer ownership of your assets into the trust.
Ordinarily, this involves updating beneficiary designations on accounts and retitling property deeds. While this may seem like a lot, I guide my clients through every step of the process, making it as straightforward as possible.
Have you ever encountered any challenges or issues when setting up revocable living trusts for your clients?
Steve: Setting up a trust is generally a smooth process. However, there have been times when clients haven’t fully understood the implications of naming a particular person as trustee. Choosing the right trustee is crucial because they will be responsible for managing and distributing assets according to the terms of the trust.
I recall one instance where a client wanted to name their adult child as trustee, but that child was struggling financially. I gently suggested discussing alternative options, such as naming a professional trustee or co-trustees. Ultimately, we found a solution that provided peace of mind for both the client and their family.
What are some key benefits of using a trust compared to simply having a will?
Steve: A trust offers several advantages over a will. Firstly, assets held in a trust avoid probate, which can save time and money. Secondly, trusts provide privacy; unlike wills which become public record, the terms of a trust remain confidential. Lastly, a trust can be structured to achieve specific goals, such as providing for minor children or beneficiaries with special needs.
Studies show that over 70% of Americans die without a will or a trust, leaving their families vulnerable to lengthy and costly probate proceedings (Source: AARP).
What advice would you give to someone considering setting up a trust?
Steve: My best advice is to seek guidance from an experienced estate planning attorney. They can help you determine the type of trust that best meets your needs and ensure it’s properly drafted and executed.
Ready to Secure Your Future?
“Steve Bliss and his team were absolutely amazing! They made the whole process of setting up a trust so easy and understandable. I feel confident knowing my family is protected.” – Sarah J.
“I was worried about probate, but Steve put my mind at ease. He explained everything clearly and helped me choose the right type of trust for my situation. Highly recommend!” – David M.
Don’t leave your legacy to chance. Contact The Law Firm of Steven F. Bliss Esq. today for a complimentary consultation and let us help you protect what matters most.
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 my home from Medi-Cal recovery?” 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.
| Temecula Irrevocable Trust Attorney |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Irrevocable Trust Attorney Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Irrevocable Trust Attorney |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Temecula Irrevocable Trust Attorney |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Irrevocable Trust Attorney Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Credible Irrevocable Trust Attorney in Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |