Good evening Temecula, I’m Brenda Newsome reporting live for KTEM.
Tonight, we’re talking trusts with Steve Bliss, a renowned trust attorney here in Temecula. Steve, thanks so much for joining us.
What types of Trusts do you Specialize In?
Brenda, it’s great to be here. I specialize in helping families protect their assets and ensure their wishes are carried out after they’re gone. While I handle a variety of trusts, I find that Revocable Living Trusts are particularly beneficial for many of my clients.
Why are Revocable Living Trusts so Popular?
Revocable Living Trusts offer a great deal of flexibility and peace of mind. They allow individuals to maintain control over their assets during their lifetime while avoiding the lengthy and often expensive probate process upon their passing. Consequently, this type of trust helps preserve privacy, as the terms aren’t made public like they would be in a will going through probate.
Moreover, a Revocable Living Trust can be modified or revoked as needed throughout the grantor’s lifetime to accommodate changing circumstances. For example, if a client gets married, has children, or experiences a significant financial change, they can easily update their trust accordingly.
Nevertheless, it’s important to remember that upon the grantor’s death, the Revocable Living Trust becomes irrevocable. At that point, the designated trustee will manage and distribute the assets according to the grantor’s instructions.
Have You Ever Encountered Any Challenges with Setting up Revocable Living Trusts?
You know Brenda, I remember one case where a client initially resisted setting up a trust because they thought it was overly complicated. They were worried about legal jargon and complex paperwork. After taking the time to explain the process in plain language and address their concerns, they realized how straightforward and beneficial it could be.
Seeing them gain that understanding and peace of mind, knowing their family would be protected, made all the difference.
It’s common for people to underestimate the importance of estate planning, but according to a 2021 survey by Caring.com, only about 33% of Americans have a will or trust in place.
What Advice Would You Give to Viewers Considering Setting Up a Trust?
My advice is simple: don’t wait! Estate planning isn’t just for the wealthy. Anyone who wants to ensure their assets are distributed according to their wishes and protect their loved ones should consider a trust.
The Law Firm of Steven F. Bliss Esq. is dedicated to guiding you through every step of the process with compassion and clarity. Contact us today to schedule a free consultation and discover how a Revocable Living Trust can benefit your family.
Testimonials
- “Steve Bliss made estate planning seem less daunting. He explained everything clearly and patiently answered all my questions.” – Mary S., Temecula
- “I felt confident knowing my assets were in good hands with Steve. He truly cares about his clients and goes above and beyond to provide exceptional service.” – John D., Murrieta
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 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: “What is an irrevocable 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.
| Special Needs Trust | Totten Trust | Asset Protection Trust |
| Spendthrift Trust | Constructive Trust | Irrevocable Trust |
| Tax By-Pass Trust | Charitable Trust | Living Trust |