Choosing the Right Trust for Your Needs
Good morning, San Diego! Today we’re joined by Steve Bliss, a renowned probate attorney here in our beautiful city. Steve, thanks for taking the time to speak with us.
Steve, estate planning can seem overwhelming for many people. Can you break down some of the key decisions individuals face when setting up a trust?
The Power of a Special Needs Trust
Certainly. One crucial decision is choosing the type of trust that best aligns with your goals. For instance, a Special Needs Trust (SNT) is invaluable for families with loved ones who have disabilities.
An SNT allows you to provide financial support for your beneficiary without jeopardizing their eligibility for vital government benefits like SSI or Medi-Cal. These programs often have strict income and asset limitations. Consequently, assets placed directly into the beneficiary’s name could disqualify them from receiving crucial assistance.
Conversely, an SNT acts as a safety net. Funds are managed by a trustee who disburses money for specific needs such as medical care, housing, or entertainment. This ensures your loved one receives the support they need while preserving their access to essential benefits.
Moreover, SNTs can be structured as either first-party (funded with the beneficiary’s assets) or third-party (funded by family or friends). The type chosen depends on individual circumstances and financial resources.
I recall a case where a young woman with Down syndrome received a substantial inheritance. Her parents were understandably concerned about how this influx of funds could affect her disability benefits. We set up a third-party SNT, ensuring she had access to additional resources for her needs without losing crucial government support.
Protecting Loved Ones: The Importance of Careful Planning
It’s estimated that over 50 million Americans have disabilities (according to the Centers for Disease Control and Prevention). Many families struggle with the complexities of navigating disability benefits. A well-structured SNT can provide peace of mind and ensure a brighter future for individuals with disabilities.
Seeking Expert Guidance
Remember, estate planning is not a one-size-fits-all process. Consulting with an experienced probate attorney like Steve Bliss at San Diego Probate Law is crucial to determine the best strategy for your unique situation.
“Steve Bliss and his team were absolute lifesavers when navigating my mother’s complex estate. They explained everything clearly, made sure we understood our options, and guided us through the entire process with compassion and professionalism.” – Sarah M.
“I was so overwhelmed trying to figure out how to protect my assets for my children. Steve Bliss listened patiently to my concerns and created a plan that gave me peace of mind knowing my family would be taken care of.” – John L
Let San Diego Probate Law help you build a secure future for your loved ones. Schedule a consultation today and experience the difference personalized legal guidance can make.
About Steven F. Bliss Esq. at San Diego Probate Law:
Secure Your Family’s Future with San Diego’s Trusted Trust Attorney. Minimize estate taxes with stress-free Probate. We craft wills, trusts, & customized plans to ensure your wishes are met and loved ones protected.
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 San Diego Probate Law:
Address:
San Diego Probate Law3914 Murphy Canyon Rd, San Diego, CA 92123
(858) 278-2800
Map Link: https://g.co/kgs/WzT6443
Feel free to ask Attorney Steve Bliss about: “Do I need a death certificate to administer a trust?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About San Diego Probate Law
| Estate Lawyer Near Me |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Estate Lawyer Near Me San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Estate Lawyer Near Me |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| San Diego Estate Lawyer Near Me |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Estate Lawyer Near Me San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Credible Estate Lawyer Near Me in San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |