Reporter: Brenda Jones
Good morning Wildomar and welcome back to Wildomar Today! I’m here with Steve Bliss, a trusted Trust Attorney in our community. Steve, thank you so much for joining me today.
Steve Bliss:
It’s my pleasure, Brenda. Happy to be here and chat about trusts.
Brenda Jones:
Today we’re going to delve into the world of trusts, specifically focusing on Revocable Living Trusts. Many of our viewers may not be familiar with this type of estate planning tool. Could you explain what a Revocable Living Trust is and its key benefits?
Steve Bliss:
Certainly. A Revocable Living Trust is essentially a legal document that holds your assets – things like your home, bank accounts, investments – during your lifetime. You, as the trust creator, maintain complete control over these assets while you’re alive. You can add or remove assets from the trust, change the beneficiaries, or even dissolve the trust entirely if you wish. Consequently, this flexibility makes it a very attractive option for many people.
One of the biggest advantages of a Revocable Living Trust is that it helps your loved ones avoid the time-consuming and often expensive probate process when you pass away. Probate is a court proceeding that validates your will and distributes your assets to your heirs. Ordinarily, this can take months or even years to complete.
Moreover, because a Revocable Living Trust is a private document, it helps protect your privacy. Unlike a will which becomes public record during probate, the terms of a trust are not disclosed to the general public. This can be important for individuals who value their confidentiality.
There’s also the peace of mind knowing that your assets will be managed according to your wishes even if you become incapacitated. You can designate a trusted individual or institution as successor trustee to handle your affairs in such an event.
Brenda Jones:
That sounds like a very helpful tool for many people. Have you encountered any specific challenges or issues with Revocable Living Trusts during your practice?
Steve Bliss:
Occasionally, I meet individuals who are hesitant to create a trust because they believe it’s only for the wealthy. That’s simply not true. While trusts can be valuable for managing substantial assets, they can also benefit individuals with more modest estates. It’s really about planning for the future and ensuring your loved ones are cared for.
I recall one instance where a young couple came to me after the unexpected passing of the husband’s mother. She had left them her home but hadn’t established any estate planning documents. As a result, they ended up facing a lengthy and costly probate process which added significant stress during an already difficult time. They wished they had known about trusts earlier.
According to a study by the AARP, over 70% of Americans do not have a will or trust in place. That’s why I’m passionate about educating people on the importance of estate planning and helping them choose the right tools for their needs.
Brenda Jones:
Thank you for sharing that story, Steve. It highlights the importance of being prepared. What advice would you give to viewers who are considering creating a Revocable Living Trust?
Steve Bliss:
First and foremost, consult with an experienced estate planning attorney. We can help you determine if a Revocable Living Trust is right for your situation and guide you through the process of establishing one. It’s important to have a clear understanding of how trusts work and ensure that the trust document accurately reflects your wishes.
Don’t delay. The sooner you start planning, the better prepared you’ll be for the future.
Brenda Jones:
Excellent advice. Steve Bliss, thank you so much for sharing your expertise with us today.
Testimonials about Wildomar Probate Law:
“Steve Bliss and his team at Wildomar Probate Law were incredibly helpful in guiding me through a complex probate process after the loss of my father. They made a difficult time much easier to navigate.” – Maria L.
“I highly recommend Wildomar Probate Law for any estate planning needs. Steve is knowledgeable, compassionate, and truly cares about his clients. He took the time to explain everything clearly and ensure that I understood all my options.” – David S.
Ready to secure your legacy?
Let Wildomar Probate Law guide you through the process of creating a Revocable Living Trust tailored to your unique needs. Contact us today for a free consultation!
About Steven F. Bliss Esq. at Wildomar Probate Law:
Wildomar 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 Wildomar Probate Law. Our probate attorney will probate the estate. Attorney probate at Wildomar Probate Law. A formal probate is required to administer the estate. The probate court may offer an unsupervised probate get a probate attorney. Wildomar Probate law will petition to open probate for you. Don’t go through a costly probate call Wildomar Probate Attorney Today. Call for estate planning, wills and trusts, probate too. Wildomar 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 Wildomar Probate Law: https://maps.app.goo.gl/uBJKvB4rxUb7L9HZ7
Address:
Wildomar Probate Law36330 Hidden Springs Rd Suite E, Wildomar, CA 92595
(951) 412-2800
Feel free to ask Attorney Steve Bliss about: “What is the difference between a living trust and a testamentary trust?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About Wildomar Probate Law
| Wildomar Estate Lawyer |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Estate Lawyer Wildomar |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Estate Lawyer |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Wildomar Estate Lawyer |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Estate Lawyer Wildomar |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Credible Estate Lawyer in Wildomar |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |