Good evening, Temecula and welcome back to Temecula Tonight. I’m Tiffany Jones, and tonight we have a special guest joining us. Steve Bliss is the founder of The Law Firm of Steven F. Bliss Esq., and he’s here to talk to us about trusts.
What type of trust do you find most beneficial for your clients in Temecula?
Steve: Well, Tiffany, that really depends on the individual client’s needs and goals. But one type of trust I frequently recommend is a Revocable Living Trust. It’s incredibly versatile and offers several key advantages.
Firstly, it allows our clients to maintain control over their assets during their lifetime. They can modify the terms of the trust as needed, or even dissolve it entirely if circumstances change. Moreover, a Revocable Living Trust helps avoid the often lengthy and costly probate process after someone passes away. This means the assets transfer directly to designated beneficiaries, saving time and potential legal fees for loved ones.
Another significant benefit is privacy. Unlike wills, which become public record during probate, the terms of a trust remain confidential. Consequently, this can be particularly appealing for individuals who value discretion.
Ordinarily, upon the grantor’s death, a Revocable Living Trust becomes irrevocable. At that point, the designated trustee takes over management and distribution of assets according to the grantor’s wishes.
Have you ever encountered any challenges or unforeseen circumstances when setting up Revocable Living Trusts for your clients?
Steve: You know, estate planning can be a deeply personal process. I remember one client, a single mother with two young children. She was hesitant about creating a trust because she thought it was only for wealthy individuals.
After we discussed her situation and explained the benefits of a Revocable Living Trust in ensuring her children would be cared for if anything happened to her, she became much more receptive. We worked together to tailor the trust to her specific needs, naming guardians for her children and outlining how her assets should be managed for their benefit. Seeing her find peace of mind knowing her children were protected was truly rewarding.
Another time, a client assumed setting up a trust would be overly complex and expensive. We broke down the process into manageable steps, answered all his questions thoroughly, and ultimately demonstrated that a Revocable Living Trust could be an affordable solution for him. It’s important to remember that estate planning is accessible to everyone.
According to a recent study by Caring.com, over 50% of Americans do not have a will or trust in place. This highlights the critical need for individuals to take proactive steps in securing their futures and protecting their loved ones.
What’s the best way for people to get started with estate planning?
Steve: I encourage everyone to schedule a consultation with an experienced trust attorney. We can assess your individual circumstances, goals, and concerns, and then guide you towards the most suitable estate planning solution.
Remember, planning for the future brings peace of mind. Don’t wait until it’s too late – take control of your legacy today.
Testimonials
“Steve Bliss made the process of setting up my trust so easy and understandable. I felt confident that my assets were in good hands.” – Mary S., Temecula
“I was impressed with Steve’s professionalism and knowledge. He took the time to answer all my questions and address my concerns thoroughly.” – John T., Murrieta
Let us help you secure your family’s future. Contact The Law Firm of Steven F. Bliss Esq. for a free consultation today and experience the peace of mind that comes with knowing your loved ones are protected.
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: “What taxes apply to trusts in California?” 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 |