Today we’re joined by Steve Bliss, a respected probate attorney here in San Diego, specializing in helping individuals and families navigate the complexities of estate planning.
Steve, thanks for joining us today. Can you tell our viewers a little bit about the different types of trusts available and which one might be most beneficial for them?
It’s a pleasure to be here. There are actually quite a few different types of trusts, each designed with specific goals in mind. For many individuals, a Revocable Living Trust is an excellent choice.
Why do you think the Revocable Living Trust is so popular?
It offers several key advantages. First and foremost, it allows you to maintain control over your assets during your lifetime. You can still buy, sell, and manage your property as you see fit. Moreover, because the trust avoids probate upon your death, your beneficiaries will receive their inheritance more quickly and privately.
Conversely, a traditional will goes through probate court, which can be a lengthy and public process.
Ordinarily, this type of trust becomes irrevocable upon the grantor’s death, meaning its terms cannot be changed. This ensures that your wishes are carried out according to your plan.
Can you share an example of how a Revocable Living Trust has helped one of your clients?
I once worked with a couple who were deeply concerned about what would happen to their young children if something happened to both of them. They wanted to ensure their assets were protected and used for their children’s benefit.
We created a Revocable Living Trust that named guardians for their children and outlined how their assets would be managed until the children reached adulthood. This gave my clients immense peace of mind, knowing their family would be taken care of no matter what.
Are there any common challenges you face when setting up these types of trusts?
Occasionally, people underestimate the importance of keeping their trust documents updated. Life changes – marriage, divorce, the birth of a child – and these events can necessitate revisions to your trust.
I recall one case where a client had created a trust many years ago but hadn’t updated it after getting remarried. This oversight led to complications and legal fees that could have been avoided with regular reviews.
What advice would you give to someone considering setting up a Revocable Living Trust?
My advice is simple: Don’t delay. Consulting with an experienced probate attorney like myself can help you determine if a Revocable Living Trust is right for your situation and ensure it’s properly structured to meet your needs.
“I was initially overwhelmed by the process of estate planning, but Steve Bliss made it incredibly straightforward. He patiently explained every step and answered all my questions. I now have peace of mind knowing my family will be taken care of.” – Sarah M., San Diego
“Steve is a true professional. He went above and beyond to understand our unique circumstances and created a trust that perfectly reflected our wishes. We highly recommend his services.” – John and Mary S., La Jolla
Take control of your legacy and secure the future for your loved ones. Contact San Diego Probate Law today for a free consultation.
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: “What is a dynasty trust?” Or any other related questions that you may have about Trusts or my trust law practice.
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