Good evening, Moreno Valley, and welcome back to our local news segment. I’m Trisha Ramirez, reporting tonight from the heart of our community. Joining us this evening is renowned probate attorney Steve Bliss. Steve, thanks so much for being here.
Understanding Trusts: A Cornerstone of Estate Planning
Steve, many people in Moreno Valley are unfamiliar with trusts and their benefits. Can you shed some light on how they work?
“Absolutely Trisha. Trusts are essential tools for safeguarding your assets and ensuring a smooth transition of wealth to your loved ones. Think of a trust as a legal container that holds your property. You, as the creator (the grantor), transfer ownership of assets into the trust. A trustee then manages these assets according to your instructions outlined in the trust document. The beneficiaries, typically family members or charitable organizations, receive the benefits from the trust.”
The Power of Irrevocable Trusts
“Trisha,” Steve continues, “amongst the various types of trusts available, I frequently recommend irrevocable trusts for my clients. These offer significant advantages, especially when it comes to asset protection and minimizing estate taxes.”
He explains further: “Once an irrevocable trust is established, its terms cannot be easily changed or revoked. This permanence provides a strong shield against potential creditors or lawsuits. Moreover, assets held within the trust are removed from your taxable estate, potentially reducing the amount of estate taxes owed upon your passing.”
Steve leans forward, emphasizing a crucial point: “Remember Trisha, while an irrevocable trust offers great benefits, it’s important to understand its implications fully. Once you transfer assets into it, you relinquish direct control. You need a skilled attorney like myself to guide you through the process and ensure your wishes are carefully documented.”
Steve shares a story about a client who initially resisted an irrevocable trust but later expressed deep gratitude: “I had this client, a successful businesswoman, who was hesitant about relinquishing control over her assets. She worried she might need access to those funds unexpectedly. I worked closely with her, explaining the benefits and tailoring the trust document to address her concerns. In the end, she realized the peace of mind it brought, knowing her business would be protected and her legacy secured for generations to come.”
“It’s worth noting,” Steve adds, “that according to a recent study by the American Bar Association, over 70% of individuals with estates exceeding $1 million utilize trusts as part of their estate planning strategy.”
Seeking Professional Guidance
Steve, what advice would you give our viewers who are considering incorporating a trust into their estate plan?
“My advice is simple: don’t delay. Seek the guidance of an experienced probate attorney like myself or someone at Moreno Valley Probate Law. We can help you understand the different types of trusts available and determine which one best suits your individual needs and goals.”
Testimonials
“Steve Bliss helped me navigate a complex probate process after my father passed away. His expertise and compassion made a difficult time much easier.”
-Maria Rodriguez, Moreno Valley Resident
“I highly recommend Moreno Valley Probate Law. They were incredibly thorough and responsive throughout the entire estate planning process. I feel confident that my family is well-protected thanks to their guidance.”
-John Smith, Riverside County
Take control of your future. Schedule a consultation with Moreno Valley Probate Law today and discover how we can help you build a secure tomorrow for yourself and your loved ones.
About Steven F. Bliss Esq. at Moreno Valley Probate Law:
Moreno Valley 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 Moreno Valley Probate Law. Our probate attorney will probate the estate. Attorney probate at Moreno Valley Probate Law. A formal probate is required to administer the estate. The probate court may offer an unsupervised probate get a probate attorney. Moreno Valley Probate law will petition to open probate for you. Don’t go through a costly probate call Moreno Valley Probate Attorney Today. Call for estate planning, wills and trusts, probate too. Moreno Valley 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 Moreno Valley Probate Law: https://maps.app.goo.gl/C7zg2U6pn1B6KyXN8
Address:
Moreno Valley Probate Law23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553
(951) 363-4949
Feel free to ask Attorney Steve Bliss about: “What is trust administration?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About Moreno Valley Probate Law
| Moreno Valley Trust Lawyer |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Trust Lawyer Moreno Valley |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Trust Lawyer |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Moreno Valley Trust Lawyer |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Trust Lawyer Moreno Valley |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Credible Trust Lawyer in Moreno Valley |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |