Good evening Temecula and welcome to Legal Lines. I’m your host, Tiffany Jones, and tonight we have the pleasure of speaking with Steve Bliss, a renowned trust attorney here in Temecula. Steve, thanks so much for joining us.
Why are Trusts So Important?
Steve, could you tell our viewers why trusts are such an important part of estate planning?
Tiffany, it’s great to be here. Trusts are essential for protecting your assets and ensuring they are distributed according to your wishes. They offer several key advantages over a simple will.
Types of Trusts
There are many different types of trusts, each serving a unique purpose. For example, a Revocable Living Trust allows you to maintain control over your assets during your lifetime while avoiding probate upon your passing. Conversely, an Irrevocable Trust offers greater asset protection but relinquishes some control.
Choosing the Right Trust
Steve, how does someone determine which type of trust is right for them?
That’s a great question and one that requires careful consideration. Factors like your age, financial situation, family dynamics, and estate planning goals all play a role.
Revocable Living Trusts: Flexibility and Control
Today we’re going to focus on Revocable Living Trusts. Can you explain why these are so popular?
Revocable Living Trusts are by far the most common type of trust I set up for my clients. They offer a tremendous amount of flexibility, allowing individuals to make changes to their trust terms throughout their lifetime. This means they can adapt to evolving circumstances, such as the birth of a child or grandchild, a change in marital status, or simply a desire to update beneficiary designations.
Moreover, a Revocable Living Trust bypasses probate, which is a lengthy and often expensive legal process. This ensures that your assets are distributed efficiently and privately to your loved ones. Consequently, this can save your heirs considerable time, money, and stress during an already difficult period.
Real-World Experience
Steve, have you encountered any common issues or challenges when setting up Revocable Living Trusts?
I remember one client who came to me with a handwritten will they’d drafted themselves. It was incomplete and lacked crucial details, which could have led to significant complications down the line. We worked together to create a comprehensive Revocable Living Trust that addressed all their needs and provided peace of mind.
Trusts: A Valuable Tool for Asset Protection
According to the American Bar Association, over 50% of Americans die without a will or trust in place, leaving their loved ones vulnerable to intestacy laws.
A well-drafted Revocable Living Trust can be a powerful tool for protecting your assets and ensuring they are distributed according to your wishes.
Testimonials
“Steve Bliss made the process of setting up my trust so easy and stress-free. He took the time to answer all my questions and explained everything in clear, concise language. I highly recommend him to anyone looking for a knowledgeable and trustworthy attorney.”
– Susan M., Temecula
Contact Us Today
Take control of your future. Contact The Law Firm of Steven F. Bliss Esq. today and let us guide you through the process of creating a Revocable Living Trust 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 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 is a dynasty trust?” 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 | Totten Trust | Asset Protection Trust |
| Spendthrift Trust | Constructive Trust | Irrevocable Trust |
| Tax By-Pass Trust | Charitable Trust | Living Trust |