Good evening, Moreno Valley and welcome back to MV News Tonight. I’m your host, Lisa Jones. Tonight we have the pleasure of speaking with Steve Bliss, a leading probate attorney here in Moreno Valley. Steve, thanks for joining us.
Probate: Avoiding the Headache
Steve, many people don’t fully understand probate. Can you explain what it is and why people should be concerned about avoiding it?
Probate is essentially the legal process of administering a deceased person’s estate. This involves identifying assets, paying debts and taxes, and ultimately distributing remaining property to heirs according to the will or state law if there’s no will. Probate can be a lengthy, expensive, and public process, which is why many individuals seek ways to avoid it.
Consequently, a common tool used in estate planning to bypass probate is establishing a trust.
Trusts: A Powerful Tool for Estate Planning
You mentioned trusts. Can you tell us more about them and how they can help people avoid probate?
There are many types of trusts, each serving different purposes. For the sake of our discussion tonight, let’s focus on the Revocable Living Trust, which is a popular choice for estate planning. A revocable living trust allows you to transfer ownership of your assets into the trust while retaining control over them during your lifetime. You can amend or revoke the trust as needed.
Now, upon your passing, the trust assets are distributed to your designated beneficiaries according to your instructions without going through probate court. This saves time, expense, and maintains privacy, as the details of the trust aren’t publicly available.
Navigating Complexities: Real-World Experiences
Steve, with all the complexities surrounding estate planning, have you encountered any particular challenges or issues related to trusts?
Certainly. One situation I recall involved a client who had established a trust but hadn’t properly funded it. They thought simply naming the trust as beneficiary on their accounts was sufficient. Unfortunately, this resulted in a partial probate proceeding because some assets were still held outside the trust.
It underscored the importance of meticulous execution when setting up a trust. Every asset needs to be correctly transferred into the trust’s name for it to function effectively and avoid probate.
Trusts: Peace of Mind
Steve, why is estate planning, particularly with trusts, so crucial for individuals?
Estate planning provides peace of mind knowing that your wishes will be honored after you’re gone. Trusts offer a level of control and customization that a simple will doesn’t always provide. Moreover, they can help minimize family conflicts and ensure your assets are distributed according to your intentions.
Seeking Expert Guidance: Moreno Valley Probate Law
Steve, for those interested in exploring trusts or other estate planning options, what advice would you give them?
I strongly recommend consulting with an experienced probate attorney. Estate planning is not a one-size-fits-all endeavor. An attorney can assess your individual circumstances and goals to create a plan tailored to your needs.
My team at Moreno Valley Probate Law is dedicated to helping individuals navigate the complexities of estate planning. We offer personalized guidance and support every step of the way.
“Steve Bliss helped me through a very difficult time after my mother passed away. He explained everything clearly and made sure I understood all my options. I felt confident that my mother’s wishes were being honored.” – Susan M., Moreno Valley
“Moreno Valley Probate Law was incredibly responsive and professional. They guided me through the probate process with ease and compassion. I highly recommend them to anyone needing estate planning assistance.”- David K., Riverside
Let us help you secure your legacy. Contact Moreno Valley Probate Law today for a free consultation.
About Steven F. Bliss Esq. at Moreno Valley Probate Law:
Moreno Valley 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 Moreno Valley Probate Law. Our probate attorney will probate the estate. Attorney probate at Moreno Valley Probate Law. A formal probate is required to administer the estate. The probate court may offer an unsupervised probate get a probate attorney. Moreno Valley Probate law will petition to open probate for you. Don’t go through a costly probate call Moreno Valley Probate Attorney Today. Call for estate planning, wills and trusts, probate too. Moreno Valley 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 Moreno Valley Probate Law: https://maps.app.goo.gl/C7zg2U6pn1B6KyXN8
Address:
Moreno Valley Probate Law23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553
(951) 363-4949
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 Moreno Valley Probate Law
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