Good evening Wildomar and welcome back to Wildomar Tonight! I’m your host Brenda Jones, and tonight we’re joined by local attorney Steve Bliss, specializing in trust law right here in Wildomar. Steve, thank you for joining us.
Steve: Thanks for having me, Brenda!
So Steve, let’s dive into the world of trusts. For our viewers who might not be familiar, what are some key advantages to establishing a trust?
Steve: Well Brenda, there are numerous benefits to setting up a trust, depending on your individual circumstances and goals.
One type I often recommend is the Revocable Living Trust. It allows individuals to maintain control over their assets during their lifetime while avoiding the lengthy and costly probate process after they pass away.
Moreover, revocable living trusts provide a level of privacy that wills do not. Probate proceedings are public record, meaning anyone can access information about your assets and beneficiaries. A trust keeps these details confidential.
Consequently, many people find peace of mind knowing their financial affairs will remain private even after they’re gone. It’s a significant advantage for those who value discretion.
Furthermore, revocable living trusts can be modified or revoked as your needs change over time. This flexibility makes them adaptable to life’s unexpected turns.
Avoiding Probate: A Common Concern
Brenda, one of the biggest reasons clients come to me seeking trust advice is the desire to avoid probate.
It’s a process that can be time-consuming, expensive, and publicly accessible.
- Probate often takes six months to a year or longer.
- Legal fees and court costs can significantly deplete estate assets.
- And as I mentioned earlier, it lacks the privacy that many people seek when planning for their legacy.
A well-drafted trust bypasses probate entirely. Assets held within the trust are distributed according to your instructions without court intervention. This can save your loved ones significant time, money, and stress during an already difficult period.
Challenges and Triumphs
Steve, have you encountered any unique challenges while helping clients establish trusts?
Steve: Absolutely Brenda. Sometimes, families have complex dynamics or differing expectations regarding asset distribution.
I remember working with a family where siblings had vastly different financial situations. It required careful communication and creative planning to ensure the trust provisions were fair and addressed everyone’s needs.
Ultimately, we were able to craft a solution that honored the parents’ wishes while providing for each sibling according to their individual circumstances.
The Impact of Trusts: Beyond Financial Planning
Steve, it’s clear that trusts are more than just legal documents. They can have a profound impact on families.
It’s not uncommon for me to hear from clients who feel a sense of relief and security knowing their loved ones will be taken care of after they’re gone.
According to the American Bar Association, approximately 50% of Americans die without a valid will or trust in place. That means their assets are subject to intestacy laws, which may not align with their wishes.
Planning for Peace of Mind
Steve, what advice would you give our viewers who are considering setting up a trust?
Steve: Don’t wait!
The sooner you start planning, the better. Contact Wildomar Probate Law today to schedule a consultation and discuss your specific needs and goals. We’ll help you create a customized plan that protects your assets and ensures your wishes are carried out.
Testimonials
“Steve Bliss was incredibly knowledgeable and patient in guiding me through the trust planning process. He made sure I understood every step and answered all my questions thoroughly.” – Maria S.
“Wildomar Probate Law helped me navigate a complex probate case with compassion and expertise. They took the time to explain everything clearly and kept me informed throughout the process.”- John T.
About Steven F. Bliss Esq. at Wildomar Probate Law:
Wildomar Probate Law is an experienced probate attorney. The probate process has many steps in in probate proceedings. Beside Probate, estate planning and trust administration is offered at Wildomar Probate Law. Our probate attorney will probate the estate. Attorney probate at Wildomar Probate Law. A formal probate is required to administer the estate. The probate court may offer an unsupervised probate get a probate attorney. Wildomar Probate law will petition to open probate for you. Don’t go through a costly probate call Wildomar Probate Attorney Today. Call for estate planning, wills and trusts, probate too. Wildomar Probate Law is a great estate lawyer. Affordable Legal Services.
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 Wildomar Probate Law: https://maps.app.goo.gl/uBJKvB4rxUb7L9HZ7
Address:
Wildomar Probate Law36330 Hidden Springs Rd Suite E, Wildomar, CA 92595
(951) 412-2800
Feel free to ask Attorney Steve Bliss about: “What is a charitable remainder trust?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About Wildomar Probate Law
| Wildomar Living Trust Lawyer |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Living Trust Lawyer Wildomar |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Living Trust Lawyer |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Wildomar Living Trust Lawyer |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Living Trust Lawyer Wildomar |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Credible Living Trust Lawyer in Wildomar |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |