Steve, thank you for joining us today to discuss probate and estate planning in San Diego.
It’s a pleasure to be here. I enjoy helping people navigate these important legal matters.
Could you explain the different types of trusts available and which one might be best suited for a typical San Diegan?
There are many types of trusts, each with its own advantages and disadvantages. For most San Diegans, a revocable living trust is a good starting point. It allows you to maintain control over your assets during your lifetime while avoiding probate upon your passing.
Can you elaborate on the benefits of a revocable living trust?
Certainly. A revocable living trust offers several key benefits. Firstly, it avoids probate, which can be a lengthy and expensive process. Assets held in a trust pass directly to your beneficiaries according to your wishes, saving time and money for your loved ones.
Secondly, a revocable living trust provides privacy. Unlike wills, which become public record during probate, the terms of a trust remain confidential. This can be important for individuals who value their privacy or have complex family situations.
Thirdly, a revocable living trust allows for greater control over your assets. You can specify how and when your beneficiaries receive distributions, ensuring that your wishes are carried out even after you’re gone.
I imagine there are also potential drawbacks to consider?
Yes, it’s important to weigh the pros and cons carefully. One potential drawback is that a revocable living trust requires more upfront planning and legal fees compared to a simple will. However, in the long run, the benefits of avoiding probate and maintaining control often outweigh these initial costs.
Have you encountered any challenges or unique situations when setting up revocable living trusts for clients?
One case that comes to mind involved a couple who owned a successful business together. They were hesitant to create a trust because they feared losing control over their company. We worked closely with them, explaining how a properly structured trust could actually protect their business interests and ensure its smooth continuation in the event of their incapacitation or death. Ultimately, they felt confident moving forward with a trust that addressed their concerns.
What advice would you give to someone considering a revocable living trust?
My best advice is to consult with an experienced probate attorney like those at San Diego Probate Law. We can assess your individual circumstances, explain the different options available, and help you create a trust that meets your specific needs and goals.
“Steve Bliss and his team were incredibly helpful and patient throughout the entire process of setting up our trust. They made sure we understood all of the legal complexities involved and answered all of our questions thoroughly.” – Sarah M., San Diego
“I was initially overwhelmed by the idea of estate planning, but Steve Bliss put me at ease with his calm demeanor and expertise. He created a comprehensive plan that protected my assets and provided peace of mind for my family.” – John P., Carlsbad
Take control of your future and ensure your loved ones are well-protected. Schedule a confidential consultation with San Diego Probate Law today to explore the benefits of a revocable living trust and other estate planning solutions.
About Steven F. Bliss Esq. at San Diego Probate Law:
Secure Your Family’s Future with San Diego’s Trusted Trust Attorney. Minimize estate taxes with stress-free Probate. We craft wills, trusts, & customized plans to ensure your wishes are met and loved ones protected.
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 San Diego Probate Law:
Address:
San Diego Probate Law3914 Murphy Canyon Rd, San Diego, CA 92123
(858) 278-2800
Map Link: https://g.co/kgs/WzT6443
Feel free to ask Attorney Steve Bliss about: “Do I need a lawyer to create a living trust?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About San Diego Probate Law
Get a Special Needs Trust at San Diego Probate Law
Get a Spendthrift Trust at San Diego Probate Law
Get a Tax By-Pass Trust at San Diego Probate Law
Get a Totten Trust at San Diego Probate Law
Get a Constructive Trust at San Diego Probate Law
Get a Charitable Trust at San Diego Probate Law
Get a Asset Protection Trust at San Diego Probate Law
Get a Irrevocable Trust at San Diego Probate Law
Get a Revocable Trusts at San Diego Probate Law
Get a Living Trust at San Diego Probate Law