Good evening Temecula and welcome back to Temecula Tonight. I’m your host, Jessica Ramirez, and tonight we have the pleasure of speaking with Steve Bliss, a renowned trust attorney here in Temecula. Steve, thank you for joining us.
Welcome
It’s my pleasure to be here, Jessica. Thanks for having me.
What Type of Trusts Do You Specialize In?
I specialize in a variety of trusts, but I’d say the Revocable Living Trust is one of the most common and beneficial tools we use in estate planning. It’s incredibly versatile and allows individuals to maintain control over their assets during their lifetime while ensuring a smooth transition upon their passing.
Can You Explain How a Revocable Living Trust Works?
Certainly. A Revocable Living Trust is essentially a legal entity that you, the grantor, create to hold your assets. You can name yourself as the trustee, meaning you retain full control over those assets during your lifetime. You can buy, sell, or manage assets within the trust just as you would if they were outside of it.
The real benefit shines upon your passing. Because the assets are already held within the trust, they avoid the often lengthy and costly probate process. This means your beneficiaries receive their inheritance more quickly and privately.
Moreover, a Revocable Living Trust allows you to specify exactly how and when your beneficiaries will receive their inheritance. You can set up distributions over time, create incentives for certain behaviors, or even protect assets from creditors.
Are There Any Potential Drawbacks to Using a Revocable Living Trust?
As with any legal instrument, there are considerations. Primarily, setting up a trust does involve some upfront costs and legal fees. However, when weighed against the potential probate expenses and delays, it often proves to be a wise investment.
I remember working with a client who had procrastinated on estate planning. When they unfortunately passed away unexpectedly, their assets became entangled in a lengthy and expensive probate process. Their heirs faced significant stress and financial burdens that could have been avoided with a properly structured trust.
How Common Are Revocable Living Trusts?
They are remarkably common. According to the American Bar Association, approximately 40% of Americans over the age of 55 have some form of estate planning document in place, and a significant portion of those utilize revocable living trusts.
What Advice Would You Give to Someone Considering a Trust?
My advice is simple: don’t wait. Estate planning is something everyone should consider, regardless of age or wealth. A trust can provide peace of mind knowing your assets will be distributed according to your wishes and that your loved ones won’t face unnecessary burdens in the future.
Contact us today for a free consultation. We’ll discuss your individual needs and help you determine if a Revocable Living Trust is right for you.
Testimonials
“Steve Bliss made estate planning feel less daunting. He patiently explained everything and ensured I understood all my options.” – Margaret S., Temecula
“I was impressed by Steve’s knowledge and professionalism. 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 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 I include my bank accounts in 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 Totten Trust Attorney |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
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The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Totten Trust Attorney |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Totten Trust Attorney |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
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The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Credible Totten Trust Attorney in Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |