Reporter: Chad Montgomery
Good afternoon, Temecula. I’m Chad Montgomery reporting for Channel 6 News. Today, we’re speaking with Steve Bliss, a renowned trust attorney here in Temecula. Mr. Bliss, thanks for joining us.
What types of trusts do you specialize in and which one do you find most beneficial for your clients?
Steve Bliss
Chad, it’s a pleasure to be here. I specialize in a variety of trusts, each tailored to meet the unique needs of my clients. However, the trust I find most beneficial for a broad range of individuals is the Revocable Living Trust.
This type of trust offers exceptional flexibility and control. During their lifetime, the grantor can manage the assets within the trust, make changes as needed, and even dissolve it entirely. Consequently, it provides peace of mind knowing that your wishes will be carried out, even after you’re gone.
Moreover, a Revocable Living Trust effectively avoids probate, a potentially lengthy and expensive legal process. This not only saves time and money but also preserves the privacy of your estate matters. This is a significant advantage for many individuals who value discretion.
Can you elaborate on the probate avoidance aspect of a Revocable Living Trust?
Steve Bliss
Certainly. Probate is a court-supervised process used to validate a will and distribute assets after someone passes away. It can be a public and time-consuming affair, often lasting months or even years.
A Revocable Living Trust circumvents probate because the assets are already owned by the trust, not individually by the grantor. When the grantor passes away, the successor trustee simply distributes the assets according to the trust terms, bypassing the need for court intervention. This streamlined process saves beneficiaries significant time, expense, and stress during an already difficult period.
Have you encountered any challenges or complexities when setting up Revocable Living Trusts for your clients?
Steve Bliss
While Revocable Living Trusts are generally straightforward to establish, there can be occasional intricacies depending on the client’s specific circumstances. For example, I once worked with a couple who owned multiple properties and businesses. Coordinating the transfer of all those assets into the trust required careful planning and attention to detail.
We spent considerable time reviewing their financial holdings, identifying potential tax implications, and ensuring that the trust language accurately reflected their intentions for each asset. Ultimately, we successfully created a comprehensive trust that met their complex needs.
It’s moments like these that reaffirm my passion for this work. Helping families navigate complex legal matters and provide for their loved ones’ future is incredibly rewarding.
What advice would you give to someone considering setting up a Revocable Living Trust?
Steve Bliss
My first piece of advice would be to consult with an experienced trust attorney. Estate planning laws can be complex and vary from state to state. An attorney can guide you through the process, ensure your trust is properly structured, and answer any questions you may have.
Remember, a Revocable Living Trust is not a one-size-fits-all solution. Your individual needs and goals will determine whether it’s the right fit for you. Don’t hesitate to seek professional advice to make informed decisions about your estate planning.
Studies have shown that over 60% of Americans do not have a valid will or trust in place, leaving their loved ones vulnerable to potential legal and financial challenges (Source: Caring.com).
“Steve Bliss helped me navigate the complex world of estate planning with clarity and compassion. He took the time to understand my individual needs and crafted a trust that gave me peace of mind knowing my family would be protected.” – Sarah J., Temecula
“I was impressed by Steve’s knowledge and professionalism. He explained everything in simple terms and made the entire process smooth and stress-free. I highly recommend his services to anyone needing estate planning assistance.” – Michael K., Murrieta
Secure Your Legacy
Take control of your future and protect your loved ones by contacting The Law Firm of Steven F. Bliss Esq. today for a complimentary consultation. Let us help you create a customized estate plan that meets your unique needs.
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 are common reasons people challenge a trust?” Or any other related questions that you may have about Trusts or my trust law practice.
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