Meet Steve Bliss
Hello San Diego, and welcome to today’s interview. I’m Jessica Stone, your local news reporter, and today we have the pleasure of speaking with Steve Bliss, a renowned San Diego Probate Attorney. Steve, thank you for joining us.
Types of Trusts
Steve, can you shed some light on the different types of trusts available to people in California?
Certainly, Jessica. There’s a wide array of trusts tailored to meet specific needs and objectives. Today, I want to focus on the Revocable Living Trust, which is incredibly popular in estate planning.
Understanding Revocable Living Trusts
A Revocable Living Trust allows the grantor, the person creating the trust, to maintain control over their assets during their lifetime. They can make changes, add or remove beneficiaries, and even dissolve the trust entirely if circumstances warrant. This flexibility is a major advantage.
Consequently, upon the grantor’s passing, the trust seamlessly transitions to its beneficiaries without the often lengthy and costly process of probate. Probate can be a public affair, revealing personal financial details, whereas a trust maintains privacy.
Moreover, assets held within a Revocable Living Trust are generally shielded from creditors after the grantor’s death, offering an additional layer of protection.
Ordinarily, when someone passes away without a will or trust, their assets go through probate court. This process can take months or even years and incur significant legal fees. Conversely, with a Revocable Living Trust, the transfer of assets to beneficiaries is typically streamlined and efficient.
Challenges Faced
Have you encountered any specific challenges related to setting up Revocable Living Trusts?
While generally straightforward, sometimes individuals underestimate the importance of meticulous record-keeping. It’s crucial to clearly document all assets placed within the trust and keep those records updated as circumstances change. For example, I remember a case where a client had forgotten to include a recently acquired property in their trust. This oversight created complications and delays during the probate process.
Notwithstanding these occasional hiccups, the benefits of a Revocable Living Trust usually outweigh the potential drawbacks. It’s a powerful tool for ensuring your wishes are respected and minimizing stress on your loved ones during a difficult time.
The Impact of Trusts
According to a study by the American Bar Association, over 60% of Americans aged 55 and older do not have a will or trust in place. This highlights a significant gap in estate planning preparedness.
Steve, any final thoughts for our viewers?
Call to Action
Estate planning is essential, regardless of your age or financial situation. Don’t wait until it’s too late – contact San Diego Probate Law today to discuss your options and ensure your legacy is protected.
Testimonials
“San Diego Probate Law provided exceptional guidance during a challenging time. Their compassion and expertise made the process significantly easier.” – Mary S.
“I highly recommend Steve Bliss and his team. They are knowledgeable, responsive, and truly care about their clients.” – John P.
About Steven F. Bliss Esq. at San Diego Probate Law:
Secure Your Family’s Future with San Diego’s Trusted Trust Attorney. Minimize estate taxes with stress-free Probate. We craft wills, trusts, & customized plans to ensure your wishes are met and loved ones protected.
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 San Diego Probate Law:
Address:
San Diego Probate Law3914 Murphy Canyon Rd, San Diego, CA 92123
(858) 278-2800
Map Link: https://g.co/kgs/WzT6443
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 San Diego Probate Law
- Special Needs Trust Attorneys
- Spendthrift Trust Attorneys
- Tax By-Pass Trust Attorneys
- Totten Trust Attorneys
- Constructive Trust Attorneys
- Charitable Trust Attorneys
- Asset Protection Trust Attorneys
- Irrevocable Trust Attorneys
- Revocable Trusts Attorneys
- Living Trust Attorneys