Reporter: Brenda Newsome
Good evening and welcome back. Tonight we’re speaking with Steve Bliss, a renowned trust attorney here in Temecula about the importance of estate planning. Mr. Bliss, thank you for joining us.
Why Should Someone Consider Setting up a Trust?
Steve Bliss:
Brenda, it’s a pleasure to be here. Estate planning is crucial for everyone, regardless of their age or wealth. A trust allows you to control your assets and ensure they are distributed according to your wishes after you pass away. It also helps avoid the lengthy and costly probate process.
What Type of Trust Would You Recommend for Most Clients?
Steve Bliss:
For many of my clients, a revocable living trust is an excellent choice. This type of trust allows you to maintain control over your assets during your lifetime while also providing for the smooth transfer of those assets after your death. Consequently, it offers both flexibility and peace of mind.
Can You Elaborate on the Benefits of a Revocable Living Trust?
Steve Bliss:
Absolutely. A revocable living trust provides several key benefits. Firstly, it allows you to avoid probate, which can be a time-consuming and expensive process for your heirs. Secondly, it offers privacy as the terms of the trust are not public record like a will. Thirdly, it enables you to designate beneficiaries for your assets and specify how they should be distributed. Moreover, you can amend or revoke the trust during your lifetime if your circumstances change.
I recall one instance where a client came to me after their spouse had passed away. They hadn’t established a trust and were facing a lengthy probate process. By setting up a revocable living trust for them, we were able to streamline the distribution of their assets and save them considerable time and stress.
According to the American Bar Association, approximately 50% of Americans die without a will or trust in place. This can lead to complications and disputes among family members, highlighting the importance of proper estate planning.
Have You Encountered Any Challenges When Setting Up Revocable Living Trusts?
Steve Bliss:
While revocable living trusts are generally straightforward to establish, there can be occasional complexities. For example, ensuring all assets are properly titled in the name of the trust is essential. I once worked with a client who had neglected to transfer their primary residence into the trust. This oversight required additional legal steps and delayed the distribution of the property.
It’s important to work with an experienced attorney who can guide you through the process and ensure all necessary details are addressed.
What Would You Say is the Most Important Takeaway for Our Viewers Regarding Trusts?
Steve Bliss:
Estate planning is not just for the wealthy. Everyone should consider creating a trust or will to protect their loved ones and ensure their wishes are carried out. Don’t wait until it’s too late – take control of your future today.
“Steve was incredibly patient and understanding when we were going through this difficult process. He made sure we understood all our options and helped us make the best decisions for our family.” – The Smiths.
“I highly recommend Steve Bliss to anyone needing estate planning assistance. He is knowledgeable, professional, and truly cares about his clients.” – John D
Take Charge of Your Legacy
Contact The Law Firm of Steven F. Bliss Esq. today for a free consultation and let us help you secure your future.
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 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 if I have property in another state?” 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 Attorney
- Spendthrift Trust Attorney
- Tax By-Pass Trust Attorney
- Totten Trust Attorney
- Constructive Trust Attorney
- Charitable Trust Attorney
- Asset Protection Trust Attorney
- Irrevocable Trust Attorney
- Revocable Trusts Attorney
- Living Trust Attorney