Good evening, Temecula, and welcome back to “Legal Matters.” I’m your host, Brenda Newsome, and tonight we’re joined by Steve Bliss, a renowned trust attorney right here in Temecula. Steve, thanks for joining us.
What type of trusts do you specialize in?
It’s a pleasure to be here, Brenda. At the Law Firm of Steven F. Bliss Esq., we work with clients on a variety of trust types, tailoring each one to their unique needs and goals. One of the most common requests we receive is for help establishing Revocable Living Trusts.
Why are Revocable Living Trusts so popular?
Revocable Living Trusts offer several key advantages that make them a desirable choice for many individuals. First and foremost, they allow the trust creator, known as the grantor, to maintain control over their assets during their lifetime. This means they can still buy, sell, or manage property as needed, providing flexibility and peace of mind.
Conversely, a Revocable Living Trust avoids the often lengthy and public process of probate upon the grantor’s death. Probate can be costly and time-consuming, so bypassing it altogether is a significant benefit for beneficiaries.
Can you elaborate on the privacy aspect of Revocable Living Trusts?
Absolutely. Unlike wills, which become public record during probate, the terms of a Revocable Living Trust remain private. This can be particularly important for individuals who value discretion and wish to keep their financial affairs confidential.
Have you ever encountered any challenges while setting up Revocable Living Trusts?
While Revocable Living Trusts are generally straightforward, there have been instances where clients didn’t fully grasp the nuances involved. I recall one client who was hesitant to transfer all their assets into the trust initially, fearing a loss of control.
After patiently explaining how they could still manage their assets and that the trust simply provided a framework for distribution after their passing, they became much more comfortable with the process. In fact, they were relieved to have a plan in place that ensured their wishes would be honored without burdening their loved ones.
Can you share any insights about the prevalence of Revocable Living Trusts?
According to the American Bar Association, over 50% of Americans over the age of 65 have some form of estate planning document in place. This highlights the growing awareness of the importance of protecting assets and ensuring a smooth transition for loved ones.
What would you advise viewers who are considering setting up a Revocable Living Trust?
If you’re looking to protect your family, preserve your assets, and ensure your wishes are carried out, I encourage you to reach out to our firm. We offer complimentary consultations where we can discuss your individual circumstances and determine if a Revocable Living Trust is right for you.
Final Thoughts
“Steve Bliss and his team helped us navigate a complex situation with compassion and expertise. We couldn’t have asked for a better guide through the process.”
“The Law Firm of Steven F. Bliss Esq. took the time to understand our goals and concerns, providing personalized solutions that met our needs perfectly.”
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: “Can a trust protect my home from Medi-Cal recovery?” 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 |