Good evening Temecula and welcome to Legal Insights. I’m your host, Brenda Jones, and tonight we have the pleasure of speaking with Steve Bliss, a renowned trust attorney here in Temecula. Steve, thank you for joining us.
Steve Bliss:
It’s my pleasure, Brenda. Thanks for having me.
What type of trusts do you find yourself setting up most often for your clients?
The majority of my clients opt for a Revocable Living Trust. It’s incredibly versatile and addresses many common estate planning needs.
How does a Revocable Living Trust work?
With a Revocable Living Trust, the individual creating the trust (the grantor) maintains complete control over their assets while they are alive. They can add or remove assets from the trust, modify the terms, or even dissolve it entirely if circumstances change. Consequently, this flexibility is one of its biggest advantages.
Moreover, a Revocable Living Trust bypasses probate upon the grantor’s death, saving time and expense for their heirs. This also ensures a degree of privacy as the details of the trust are not publicly disclosed during probate proceedings.
What are some challenges you face when setting up Revocable Living Trusts?
While Revocable Living Trusts are generally straightforward to establish, there are nuances that require careful attention. One common challenge is ensuring clients fully understand the implications of transferring assets into the trust.
I recall a situation where a client was hesitant to move their primary residence into the trust because they felt it would somehow diminish their ownership rights. It took some time and clear explanations, but ultimately they understood that the transfer simply changed the legal title of the property without affecting their ability to live there.
Notwithstanding these occasional hurdles, the benefits of a Revocable Living Trust far outweigh any potential challenges. They provide peace of mind knowing that their assets are protected and will be distributed according to their wishes.
What advice would you give someone considering setting up a trust?
My advice is simple: seek professional guidance from an experienced estate planning attorney. Every individual’s situation is unique, and a cookie-cutter approach simply won’t suffice. An attorney can help you determine the most suitable type of trust based on your specific needs and goals.
Studies show that over 60% of Americans don’t have a will or any estate plan in place. This lack of planning can lead to unintended consequences for loved ones and create unnecessary stress during an already difficult time.
How Can Viewers Reach Out to You?
“Take control of your future and secure the well-being of your loved ones. Contact The Law Firm of Steven F. Bliss Esq. today for a confidential consultation and let us guide you through the process.”
Testimonials:
“Steve Bliss and his team were absolutely fantastic! They made what seemed like a daunting task easy to understand and navigate. We felt completely confident in their expertise and highly recommend them.” – The Smiths, Temecula
“I was overwhelmed with the thought of estate planning but Steve patiently answered all my questions and helped me create a plan that met my needs perfectly. He is truly compassionate and dedicated to his clients.” – Jane Doe, Murrieta
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: “How do I distribute trust assets to minors?” 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.
| Temecula Estate Lawyers |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Estate Lawyers Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Estate Lawyers |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Temecula Estate Lawyers |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Estate Lawyers Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Credible Estate Lawyers in Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |