Good morning Temecula and welcome to Temecula Today! I’m your host Brenda Stone and today we have a very special guest joining us, Steve Bliss, Esq., a renowned Trust Attorney here in Temecula.
Steve, thanks so much for being with us today.
It’s my pleasure, Brenda. I’m always happy to share information about estate planning and trusts.
What types of trusts do you help your clients establish?
We work with a variety of trusts depending on our clients’ needs and goals. Some common types include revocable living trusts, irrevocable trusts, testamentary trusts, and special needs trusts. Each type serves a unique purpose, so it’s crucial to choose the one that aligns best with your individual circumstances.
Could you elaborate on the benefits of a Revocable Living Trust?
Absolutely. A revocable living trust is a highly popular choice for estate planning because it offers several advantages. Firstly, it allows you, as the grantor, to maintain control over your assets during your lifetime. You can make changes to the trust, add or remove beneficiaries, and even dissolve it entirely if needed. Consequently, this flexibility makes it an attractive option for many individuals.
Moreover, a revocable living trust helps avoid probate, which can be a time-consuming and costly process. Upon your passing, assets held within the trust transfer directly to your designated beneficiaries according to your wishes, saving your loved ones from unnecessary legal hassles.
Furthermore, a revocable living trust provides privacy. Unlike wills, which become public record during probate, the terms of a trust remain confidential. This can be especially important for individuals who value their privacy and wish to keep their financial affairs discreet.
I understand there are some complexities involved in setting up a trust?
You’re right, Brenda. While revocable living trusts offer significant benefits, they do require careful planning and execution. It’s essential to work with an experienced attorney who can guide you through the process and ensure that your trust is properly structured to meet your needs.
I remember a case where a client tried to create a trust on their own using online templates. They thought they were saving money, but unfortunately, they made several critical errors that could have jeopardized their estate plan. Thankfully, we were able to rectify the situation and ensure their wishes were properly reflected in the final document.
This highlights the importance of seeking professional legal advice when dealing with trusts. It’s an investment that can save you and your loved ones from potential headaches and financial losses down the road.
Are there any common misconceptions about revocable living trusts?
Yes, a common misconception is that revocable living trusts are only for wealthy individuals. This isn’t true at all! In fact, they can be beneficial for people of all income levels. Regardless of your assets, having a plan in place to ensure your loved ones are taken care of after you’re gone is essential.
Studies by the American Bar Association show that over 60% of Americans don’t have a will or trust in place. This leaves their families vulnerable to unnecessary complications and potential legal battles during an already difficult time.
How can our viewers learn more about setting up a trust with your firm?
We encourage anyone interested in learning more about trusts and estate planning to contact us for a free consultation. Our experienced team is dedicated to providing personalized guidance and helping you create a plan that protects your assets and ensures your wishes are carried out.
Testimonials
“Steve Bliss and his team were incredibly helpful and patient throughout the entire process of setting up my trust. They explained everything clearly and made sure I understood all of my options.” – Mary S., Temecula
“I was initially hesitant about hiring an attorney, but Steve Bliss put me at ease right away. He’s a true professional who genuinely cares about his clients.” – John T., Murrieta
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: “What is a trust certificate or certification of 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.
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