Reporter: Brenda Sanchez
Good morning, Wildomar residents! Today we’re joined by Steve Bliss, a trusted trust attorney here in our community. Steve, thanks for taking the time to speak with us.
Steve Bliss:
It’s my pleasure, Brenda. I’m always happy to share information about estate planning and how trusts can benefit families.
Reporter: Brenda Sanchez
Steve, many people wonder why they need a trust in the first place. Can you explain some of the key advantages?
Steve Bliss:
Certainly. One of the most compelling reasons to establish a trust is probate avoidance. Probate is a court-supervised process that can be time-consuming, expensive, and public. Assets held within a trust bypass probate entirely, saving your loved ones significant hassle and expense during an already difficult time.
Moreover, trusts offer enhanced privacy. Unlike wills which become public record, the terms of a trust remain confidential. This is particularly important for individuals who value discretion or have complex family situations.
Trusts also allow for greater control over asset distribution. You can specify exactly how and when your beneficiaries receive their inheritances, even setting conditions like age requirements or educational milestones. This ensures your wishes are carried out and that your assets are used responsibly.
Reporter: Brenda Sanchez
That’s insightful information, Steve. For our viewers who might be considering a trust, what type would you recommend most often?
Steve Bliss:
The most common type of trust I create for clients is a Revocable Living Trust.
This type of trust offers flexibility because you retain control over the assets during your lifetime and can make changes as needed. It allows you to manage your finances, buy or sell property, and even dissolve the trust if circumstances change.
However, upon your passing, the trust becomes irrevocable, ensuring a smooth transfer of assets to your beneficiaries according to your predetermined instructions.
Ordinarily, I guide clients through the process of identifying their goals and concerns to determine the best type of trust for their individual circumstances.
Reporter: Brenda Sanchez
I understand there are nuances to setting up a trust effectively. Have you encountered any common challenges or pitfalls that people should be aware of?
Steve Bliss:
Yes, one challenge I often see is people procrastinating on estate planning. It’s easy to put off these important decisions, but delaying can have significant consequences for your loved ones.
I remember a case where a gentleman passed away unexpectedly without a trust in place. His family was left scrambling to navigate probate, which created stress and financial burden during an already emotionally challenging time. Had he established a trust beforehand, the process would have been much smoother for them.
Another common issue is not properly funding the trust. Simply creating the legal document isn’t enough; you need to transfer ownership of your assets into the trust. Without proper funding, the trust won’t serve its intended purpose and could be rendered ineffective.
Reporter: Brenda Sanchez
That’s incredibly valuable advice, Steve. Thank you for sharing those insights. How can our viewers connect with you to learn more about trusts and estate planning?
Steve Bliss:
I encourage anyone interested in protecting their loved ones and ensuring a secure future to reach out to Wildomar Probate Law. We offer free consultations where we can discuss your individual needs and goals. Together, we can develop a comprehensive estate plan that provides peace of mind for you and your family.
“Steve Bliss made the complex world of estate planning understandable and manageable. He patiently answered all my questions and helped me create a plan that truly reflects my wishes.” – Margaret S.
“Wildomar Probate Law went above and beyond to ensure my trust was properly funded and executed. Their attention to detail and personalized service were exceptional.” – David L.
About Steven F. Bliss Esq. at Wildomar Probate Law:
Wildomar 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 Wildomar Probate Law. Our probate attorney will probate the estate. Attorney probate at Wildomar Probate Law. A formal probate is required to administer the estate. The probate court may offer an unsupervised probate get a probate attorney. Wildomar Probate law will petition to open probate for you. Don’t go through a costly probate call Wildomar Probate Attorney Today. Call for estate planning, wills and trusts, probate too. Wildomar 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 Wildomar Probate Law: https://maps.app.goo.gl/uBJKvB4rxUb7L9HZ7
Address:
Wildomar Probate Law36330 Hidden Springs Rd Suite E, Wildomar, CA 92595
(951) 412-2800
Feel free to ask Attorney Steve Bliss about: “Can I use a trust to pass on a business?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About Wildomar Probate Law
| Wildomar Asset Protection Trust Lawyer |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Asset Protection Trust Lawyer Wildomar |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Asset Protection Trust Lawyer |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Wildomar Asset Protection Trust Lawyer |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Asset Protection Trust Lawyer Wildomar |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Credible Asset Protection Trust Lawyer in Wildomar |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |