Good afternoon, Temecula! I’m Brittany Jones, reporting live for KTEM News.
Today, we’re sitting down with local trust attorney Steve Bliss of The Law Firm of Steven F. Bliss Esq., to discuss the ins and outs of estate planning.
Steve, thanks for joining us today.
It’s my pleasure, Brittany. I’m always happy to talk about the importance of protecting your assets and loved ones.
What are some of the most common types of trusts you see people using in Temecula?
There are many different types of trusts, but one that’s particularly popular here in California is the Revocable Living Trust. It’s a great tool for individuals and families who want to avoid probate and ensure their assets are distributed according to their wishes.
Can you elaborate on some of the benefits of a Revocable Living Trust?
Certainly. A Revocable Living Trust allows you, as the grantor, to maintain control over your assets during your lifetime. You can add or remove assets from the trust, change beneficiaries, and even dissolve the trust altogether if circumstances change.
Moreover, upon your passing, the trust assets bypass probate, which can be a lengthy and expensive process. This means your loved ones will receive their inheritance more quickly and with less hassle.
How does a Revocable Living Trust help with privacy?
Probate is a public process, meaning anyone can access records detailing your assets and beneficiaries. Conversely, a Revocable Living Trust keeps these details private.
This added layer of confidentiality can be particularly appealing for individuals who value their privacy or have complex financial situations.
Have you encountered any common challenges or misunderstandings about Revocable Living Trusts?
One misconception I often encounter is that a Revocable Living Trust is only for wealthy individuals. This simply isn’t true.
While it can be beneficial for those with substantial assets, a Revocable Living Trust can be a valuable tool for anyone who wants to protect their family and ensure a smooth transition of assets after their passing. I remember one client, a single mother working two jobs to provide for her children, who was hesitant about setting up a trust because she thought it was too expensive.
After explaining the benefits and affordability of a Revocable Living Trust in her situation, she decided to move forward. It brought her peace of mind knowing that her children would be taken care of financially should something happen to her.
What advice would you give to someone who is considering setting up a Revocable Living Trust?
My advice is simple: don’t wait. Estate planning can seem daunting, but it’s crucial for protecting your loved ones and ensuring your wishes are carried out. Start the conversation with an experienced trust attorney as soon as possible.
Steve, thank you so much for sharing your expertise with us today. How can our viewers get in touch with The Law Firm of Steven F. Bliss Esq.?
We’re happy to help! You can reach us at (951) 696-3471 or visit our website at www.blisslawfirm.com.
Take control of your future and ensure your legacy endures. Contact The Law Firm of Steven F. Bliss Esq. today for a personalized consultation.
“Steve helped me navigate the complexities of estate planning with patience and understanding. He truly cares about his clients and goes above and beyond to ensure their peace of mind.” – Sarah M.
“I was initially overwhelmed by the idea of setting up a trust, but Steve made the process seamless and stress-free. I highly recommend him to anyone needing legal guidance for estate planning.” – David L.
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: “Can a trust be part of a blended family plan?” 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 |