About Your Practice
Hi Steve, thanks for taking the time to speak with me today.
Could you tell us a little bit about your practice and what types of legal services you offer?
Probate & Trusts
Steve Bliss: I’ve been practicing probate law in San Diego for over 20 years. My primary focus is helping clients navigate the complex world of estate planning, probate administration, and trust litigation. We handle a wide range of matters, including drafting wills and trusts, probating estates, resolving trust disputes, and advising clients on conservatorships and guardianships.
Importance of Trusts
I believe that everyone, regardless of their financial situation, can benefit from having some form of estate plan in place. One of the most powerful tools for protecting assets and ensuring that your wishes are carried out after you’re gone is a trust.
Trusts offer numerous advantages over simply relying on a will. They allow for greater control over how your assets are distributed, they can help minimize estate taxes, and they provide privacy that a will does not.
Special Needs Trusts: Meeting Unique Needs
Today we’re going to focus on Special Needs Trusts (SNTs), which are particularly valuable for individuals with disabilities. Can you explain how these trusts work and why they’re so crucial?
Steve Explains Special Needs Trusts
Special Needs Trusts are designed to provide financial support for individuals with disabilities without jeopardizing their eligibility for government benefits like Supplemental Security Income (SSI) or Medi-Cal. This is incredibly important because these programs often have strict income and asset limitations.
There are two primary types of SNTs: first-party and third-party. A first-party SNT is funded with the beneficiary’s own assets, while a third-party SNT is established and funded by someone else, like a parent or guardian.
The trustee of an SNT manages the funds and uses them to pay for expenses that are not covered by government benefits, such as medical care, education, recreation, or assistive devices. Consequently, the beneficiary can maintain their quality of life without exceeding the income thresholds required for these vital programs.
I’ve seen firsthand how SNTs can make a world of difference for families dealing with disabilities. For instance, I once worked with a young woman who had cerebral palsy and relied on SSI for her living expenses. Her parents wanted to ensure she could continue receiving the care she needed while also having some financial flexibility. We established a third-party SNT that allowed them to contribute funds without affecting her eligibility for benefits.
Notwithstanding the complexities of trust law, it’s incredibly rewarding to help families plan for the future and provide peace of mind knowing their loved ones will be well cared for.
Challenges & Considerations
Have you encountered any challenges or unique situations when setting up SNTs?
Steve Bliss: Setting up an SNT requires careful planning and attention to detail. One common challenge is ensuring that the trust language aligns with the beneficiary’s specific needs and complies with all applicable state and federal regulations.
Moreover, it’s crucial to select a trustee who is experienced, trustworthy, and committed to acting in the beneficiary’s best interests. I always encourage families to discuss their options and consider appointing a professional trustee if they don’t feel comfortable managing the trust themselves.
Importance of Legal Guidance
Why is it so important for individuals considering an SNT to seek legal advice from an experienced attorney?
Steve Bliss: Trust law can be complex and nuanced. Working with a qualified probate attorney ensures that the SNT is properly drafted, funded, and administered in accordance with all applicable laws and regulations.
Furthermore, an attorney can help navigate any potential tax implications and provide guidance on other estate planning considerations.
According to the National Disability Rights Network, over 56 million Americans have a disability. Many of these individuals would benefit from having an SNT in place to protect their financial well-being and ensure they receive the care they need.
Call to Action
Steve Bliss: If you or someone you know has a disability and needs help planning for the future, please don’t hesitate to reach out to San Diego Probate Law. We’re here to provide compassionate and knowledgeable legal guidance every step of the way.
Testimonials
“Working with Steve Bliss was a true blessing. He patiently explained all our options and helped us create an SNT that perfectly met our son’s needs.” – Mary Jones, San Diego
“Steve is incredibly knowledgeable and dedicated to his clients. I felt confident knowing he had my best interests at heart throughout the entire process.” – John Smith, Carlsbad
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 happens if a trust is not funded?” 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 Trust Lawyer |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Trust Lawyer San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Trust Lawyer |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| San Diego Trust Lawyer |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Trust Lawyer San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Credible Trust Lawyer in San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |