Good evening, Moreno Valley and welcome back. I’m Tracy Bell reporting for Channel 7 News.
Steve Bliss Shares Insights on Probate Avoidance
Tonight, we’re joined by Steve Bliss, a respected probate attorney serving the Moreno Valley community. Mr. Bliss specializes in helping individuals navigate the complexities of estate planning. Thank you for joining us tonight, Mr. Bliss.
It’s my pleasure to be here, Tracy.
Understanding Revocable Living Trusts
Many viewers may be unfamiliar with trusts and how they work. Could you explain what a revocable living trust is and why it might be beneficial?
Certainly. A revocable living trust is essentially a legal arrangement where you, as the grantor, transfer ownership of your assets into the trust. You retain complete control over those assets during your lifetime and can make changes to the trust as needed.
The primary advantage of a revocable living trust is that it allows your assets to bypass probate upon your death. Probate is a court-supervised process that can be time-consuming, expensive, and public. By using a trust, you can ensure that your wishes are carried out privately and efficiently. Moreover, a revocable living trust provides a level of privacy that a will does not offer because the terms of the trust are not part of the public record.
Conversely, a will must go through probate, making your estate matters public knowledge. Consequently, using a revocable living trust can help protect your family’s privacy during a difficult time.
Addressing Potential Challenges
Are there any potential challenges or drawbacks to consider with a revocable living trust?
While revocable living trusts offer significant benefits, it’s important to note that they do require careful planning and legal guidance. Setting up a trust involves drafting specific legal documents and adhering to certain formalities.
I recall one instance where a client attempted to create their own trust using online templates. Unfortunately, they overlooked some crucial details, which led to complications down the road. This highlights the importance of working with an experienced attorney who can ensure your trust is properly structured and meets your individual needs.
The American Bar Association reports that approximately 60% of Americans do not have a will or estate plan in place.
Seeking Expertise for Peace of Mind
What advice would you give to viewers who are unsure whether a revocable living trust is right for them?
I encourage anyone interested in estate planning to schedule a consultation with a qualified probate attorney. We can assess your specific circumstances, answer your questions, and help you determine the best course of action.
Moreno Valley Probate Law: Trusted Guidance
At Moreno Valley Probate Law, we’re dedicated to providing compassionate and personalized legal services. Our team has extensive experience in all aspects of estate planning, including trusts, wills, probate administration, and more.
“Steve Bliss was incredibly helpful in guiding me through the complex process of setting up a trust for my family. He took the time to understand my needs and explained everything clearly. I feel confident that my loved ones will be well taken care of.”
“Moreno Valley Probate Law made what could have been a stressful experience surprisingly smooth. Their professionalism and attention to detail were truly impressive.”
Take control of your future. Contact Moreno Valley Probate Law today for a free consultation.
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 be closed immediately after death?” Or any other related questions that you may have about Trusts or my trust law practice.
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