Introducing Steve Bliss
Good afternoon, San Diego! Today we’re speaking with Steve Bliss, a renowned San Diego probate attorney, about the complex world of estate planning and trusts.
Trusts Explained
Steve, for our viewers who may be unfamiliar, can you explain what a trust is and why someone might consider creating one?
“A trust is essentially a legal arrangement where a person (the grantor) transfers assets to a trustee who manages those assets for the benefit of designated beneficiaries,” explains Steve. “Trusts offer a variety of advantages, including probate avoidance, asset protection, and tax benefits.”
Choosing the Right Trust: Irrevocable Trusts
Let’s delve into a specific type of trust – irrevocable trusts. What are some key considerations for individuals contemplating this option?
“Irrevocable trusts are powerful tools,” Steve emphasizes. “As the name suggests, once established, they generally cannot be modified or revoked. This inflexibility is balanced by significant benefits.” He continues: “Firstly, assets placed in an irrevocable trust are removed from your taxable estate, potentially reducing estate taxes. Secondly, they offer a high degree of asset protection.
Imagine a scenario where you’re concerned about potential lawsuits or creditors targeting your assets. Placing those assets within an irrevocable trust can shield them from claims. Consequently, this type of trust provides peace of mind knowing your hard-earned assets are protected for future generations.”
“Moreover, irrevocable trusts can be tailored to specific goals, such as providing for a loved one with special needs without jeopardizing their eligibility for government benefits. This level of customization makes them a valuable tool for many families.”
Real-World Experience: The Power of Irrevocable Trusts
Steve, have you encountered any situations where irrevocable trusts proved particularly beneficial?
“I once worked with a family whose business was facing potential litigation. They were understandably worried about losing their assets. We created an irrevocable trust to shield a portion of their wealth. Fortunately, the lawsuit never materialized, but the trust gave them immense security knowing their assets were protected.”
He adds: “I’ve also helped families with special needs children use irrevocable trusts to ensure those children receive ongoing support without affecting their eligibility for crucial government programs. These are just a couple of examples demonstrating the versatility and power of irrevocable trusts.”
Seeking Professional Guidance
“According to a 2021 study by the American Bar Association, over 60% of Americans don’t have a will or estate plan in place.” Steve emphasizes: “Planning for the future is crucial. It’s about providing for your loved ones and protecting what you’ve worked hard to build.”
Call to Action
Don’t wait until it’s too late. Contact San Diego Probate Law today and let our experienced team guide you through the complexities of estate planning and trusts.
Testimonials:
“Steve Bliss and his team at San Diego Probate Law were incredibly helpful in navigating the probate process after my mother passed away. They made a difficult time much easier.”
– John S.
“I highly recommend San Diego Probate Law for estate planning. Steve took the time to understand our unique needs and created a customized plan that gave us peace of mind.”
– Mary L.
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: “Can a trust make charitable gifts?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About San Diego Probate Law
| San Diego Living Trust Lawyer |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Living Trust Lawyer San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Living Trust Lawyer |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| San Diego Living Trust Lawyer |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Living Trust Lawyer San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Credible Living Trust Lawyer in San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |