Setting the Stage
Hello everyone, I’m Brenda Stone reporting for Temecula News Today. Joining me is local trust attorney, Steve Bliss of The Law Firm of Steven F. Bliss Esq. Mr. Bliss, thanks for taking the time to talk with me today.
Types of Trusts
What are some common types of trusts people should consider?
Well Brenda, there are many different types of trusts available, each serving a unique purpose. One of the most popular choices is the Revocable Living Trust. This type of trust allows individuals to maintain control over their assets during their lifetime while avoiding probate upon death.
The Benefits of a Revocable Living Trust
Can you elaborate on the benefits of a revocable living trust?
Certainly. A key advantage is privacy. Probate proceedings are public record, whereas trusts remain private. Moreover, assets held within a revocable living trust are typically distributed to beneficiaries more quickly than assets subject to probate.
Consequently, this type of trust can save your loved ones time and stress during an already difficult period. Ordinarily, individuals name trusted family members or friends as successor trustees to manage the assets according to their wishes after they pass away.
Potential Challenges
Have you encountered any challenges with setting up revocable living trusts?
Occasionally, clients may initially hesitate because they fear losing control of their assets. It’s important to explain that a revocable living trust allows them to retain full control throughout their lifetime. They can modify or dissolve the trust as needed.
I recall one client who was incredibly concerned about her adult children potentially mismanaging an inheritance. By establishing a revocable living trust with specific instructions, she gained peace of mind knowing her assets would be distributed responsibly according to her wishes.
Trusts and Estate Planning
What advice would you give to someone considering a trust as part of their estate plan?
My advice is to consult with an experienced estate planning attorney. Trusts can be complex legal instruments, and it’s crucial to have the guidance of a professional who understands your individual circumstances and goals.
- A well-crafted trust can help you protect your assets
- Provide for your loved ones
- Minimize estate taxes.
Seeking Expertise
Remember, approximately 70% of Americans do not have a will or trust in place (Source: AARP). Don’t delay planning for your future. Take the proactive step of consulting with an attorney who specializes in estate planning.
Closing Thoughts and Call to Action
“Contact us today for a free consultation,” invites Steve Bliss warmly, extending his hand towards the camera. “Let The Law Firm of Steven F. Bliss Esq. help you secure your legacy and protect your loved ones.”
Testimonials
“Steve Bliss was incredibly patient and understanding as he guided me through the process of setting up a trust for my family. I felt completely confident in his expertise.”
– Sarah M., Temecula, CA
“The entire team at The Law Firm of Steven F. Bliss Esq. is professional and dedicated. They made what could have been a complicated process surprisingly smooth and stress-free.”
– John D., Murrieta, CA
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: “How do I transfer property into a trust?” 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 Trust Attorney |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Trust Attorney Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Trust Attorney |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Temecula Trust Attorney |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Trust Attorney Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Credible Trust Attorney in Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |