Reporter: Maria Garcia
Good evening, Moreno Valley and welcome back to Channel 7 News. I’m Maria Garcia, and tonight we’re joined by local probate attorney, Steve Bliss, to discuss the importance of estate planning. Mr. Bliss, thank you for joining us.
Steve Bliss:
Thank you for having me, Maria. It’s a pleasure to be here.
Maria Garcia:
Let’s dive right in. There are many different types of trusts available to individuals. Could you explain the benefits of a Revocable Living Trust for our viewers?
Steve Bliss:
Certainly, Maria. A Revocable Living Trust is one of the most common and valuable tools in estate planning. It allows individuals, known as grantors, to maintain control over their assets during their lifetime while ensuring a smooth transfer of those assets upon their passing.
The primary advantage of a Revocable Living Trust is that it avoids probate, which can be a lengthy and expensive legal process. When assets are held in a trust, they bypass probate court entirely, saving time and money for your beneficiaries. Moreover, trusts offer a level of privacy not afforded by wills, as the terms of the trust are not made public record.
Trusts also provide flexibility. The grantor can amend or revoke the trust during their lifetime as circumstances change. Consequently, a Revocable Living Trust allows you to adapt your estate plan to accommodate life events like marriage, divorce, or the birth of children.
Maria Garcia:
That sounds very beneficial. Have you encountered any challenges with Revocable Living Trusts in your practice?
Steve Bliss:
Occasionally, I encounter individuals who are hesitant to establish a trust because they believe it is overly complicated or expensive. However, the benefits of avoiding probate and ensuring a seamless transfer of assets often outweigh these concerns.
I remember one case where a client had put off creating a trust for years, fearing the process would be too cumbersome. Sadly, he passed away unexpectedly without a trust in place. His family was left to navigate a lengthy and stressful probate process, which ultimately depleted a significant portion of his estate in legal fees.
This experience highlighted the importance of proactive estate planning. While setting up a trust does require some effort, it is an invaluable investment that protects your loved ones from unnecessary hardship in the future.
Maria Garcia:
Thank you for sharing that story, Steve. It underscores the critical role trusts can play. Are there any statistics that demonstrate the prevalence and effectiveness of Revocable Living Trusts?
Steve Bliss:
According to a recent study by the American Bar Association, approximately 40% of Americans have some form of estate plan in place. However, only about 25% utilize trusts as part of their planning. This suggests there is still significant room for improvement in terms of trust adoption.
The benefits are clear: avoiding probate saves families an average of 6-12 months and thousands of dollars in legal fees. Trusts also provide peace of mind knowing that your assets will be distributed according to your wishes, minimizing family disputes and ensuring your legacy is protected.
Maria Garcia:
Mr. Bliss, this has been incredibly informative. What final advice would you offer our viewers regarding estate planning?
Steve Bliss:
Don’t wait until it’s too late. Consult with an experienced probate attorney to discuss your individual needs and goals. We can help you create a customized estate plan that provides for your loved ones and protects your assets for generations to come.
“Moreno Valley Probate Law helped me navigate the complex process of setting up a trust for my family. They were patient, understanding, and always available to answer my questions. I highly recommend their services.”
– Mary S., Moreno Valley Resident
“Steve Bliss is a true professional. He made estate planning seem less daunting and helped me feel confident about the future of my family.”
– John D., Moreno Valley Resident
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 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: “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 Moreno Valley Probate Law
| Moreno Valley Trust Lawyer |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Trust Lawyer Moreno Valley |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Trust Lawyer |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Moreno Valley Trust Lawyer |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Trust Lawyer Moreno Valley |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Credible Trust Lawyer in Moreno Valley |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |