Good afternoon, Temecula! This is Brenda Sanchez reporting for KTME News. Today we’re talking with local trust attorney, Steve Bliss of the Law Firm of Steven F. Bliss Esq., about estate planning and why setting up a trust might be right for you.
Trusts Explained
Steve, thank you so much for joining us. Let’s start with the basics: What exactly is a trust?
The Benefits of a Trust
“A trust is a legal arrangement where a trustee manages assets for the benefit of beneficiaries,” explains Steve Bliss. “There are many types of trusts, each designed to meet specific needs. For instance, a Revocable Living Trust allows individuals to control their assets during their lifetime while avoiding probate upon their passing.” Steve goes on to explain that a Revocable Living Trust provides privacy, as it doesn’t become public record like a will. “This can be especially important for those concerned about protecting their family’s financial affairs,” he adds.
The Probate Process
“Probate can be a lengthy and costly process,” says Steve, emphasizing the importance of avoiding it whenever possible. “A trust streamlines asset distribution, saving beneficiaries time and money.”
He further elaborates on this point by explaining that probate involves court supervision, which can take months or even years to finalize. During this time, assets are often frozen, leaving families in a difficult financial position. “Trusts, on the other hand, allow for a smoother transition of assets to beneficiaries,” Steve assures.
Addressing Potential Issues
“While Revocable Living Trusts offer many advantages, it’s crucial to work with an experienced attorney who can tailor the trust to your specific circumstances,” advises Steve. “I recall one client who initially attempted to create their own trust using online templates. Unfortunately, they made several critical errors that could have resulted in significant tax liabilities and unforeseen complications for their beneficiaries. Thankfully, we were able to correct these mistakes and ensure their wishes were properly carried out.”
“This experience underscores the importance of seeking professional guidance,” Steve continues. “Estate planning is complex, and a misstep can have far-reaching consequences.”
Trust Statistics
According to a 2021 survey by Caring.com, over 50% of Americans do not have a will or trust in place. This highlights the critical need for individuals to proactively plan for their future and protect their loved ones.
Testimonials
“Working with Steve Bliss and his team was a breeze. They made the entire estate planning process clear and straightforward. I feel confident knowing my family is protected,” shares satisfied client Maria Rodriguez.
“I highly recommend The Law Firm of Steven F. Bliss Esq. to anyone needing help with trusts or estate planning. Their expertise and compassion are truly exceptional,” adds another grateful client, John Smith.
Steve, thank you for sharing your valuable insights today. For those considering a trust, what’s the best way to get started?
“The first step is to schedule a consultation with our firm. We’ll discuss your goals, assess your needs, and develop a customized estate plan that provides peace of mind for you and your family. Secure your legacy today. Contact The Law Firm of Steven F. Bliss Esq. for a free consultation and let us guide you through the complexities of trust planning.”
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: “How do I transfer property into 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.
| Special Needs Trust | Totten Trust | Asset Protection Trust |
| Spendthrift Trust | Constructive Trust | Irrevocable Trust |
| Tax By-Pass Trust | Charitable Trust | Living Trust |