Good evening Temecula, and welcome back to TM News Tonight. I’m Tiffany Jones, and tonight we’re talking about trusts with local expert Steve Bliss of The Law Firm of Steven F. Bliss Esq. Steve, thanks for joining us.
Steve Bliss
Tiffany, it’s a pleasure to be here.
What types of trusts do you typically advise your clients on in Temecula?
We work with a variety of trusts, but the most common one we see is the Revocable Living Trust. It offers flexibility and control for our clients during their lifetimes while also avoiding probate, which can be a lengthy and expensive process.
Can you explain how a Revocable Living Trust works?
Certainly. A Revocable Living Trust allows the grantor – that’s the person creating the trust – to maintain complete control over their assets during their lifetime. They can add or remove assets, change beneficiaries, and even dissolve the trust entirely if they wish.
Consequently, it’s a very popular choice for people who want to ensure their wishes are carried out after they pass away while retaining flexibility during their lifetime.
The trust becomes irrevocable upon the grantor’s death. At that point, the assets are distributed according to the terms outlined in the trust document.
One of the biggest advantages is avoiding probate. Probate is a court-supervised process for distributing a deceased person’s assets. It can be time-consuming and expensive, often tying up assets for months or even years. A Revocable Living Trust allows your assets to bypass probate and be distributed directly to your beneficiaries.
Have you ever encountered any issues with setting up Revocable Living Trusts?
While they are generally straightforward, there can be occasional complexities depending on a client’s specific circumstances. For instance, I once worked with a couple who had complex business holdings and wanted to ensure those assets were protected within the trust.
It required careful planning and coordination with their financial advisors to structure the trust in a way that met their needs. Ultimately, we were able to create a solution that provided them with peace of mind knowing their assets would be distributed according to their wishes.
Another time, I worked with a client who had concerns about potential future healthcare costs. We were able to incorporate provisions into the trust document that addressed those concerns and protected their assets in case of long-term care needs.
How common are Revocable Living Trusts?
They’re incredibly common. According to the American Bar Association, over 50% of Americans aged 65 and older have some form of estate planning document in place, with Revocable Living Trusts being among the most popular choices.
Testimonial
“Steve Bliss made the entire process of setting up our trust so easy. He was patient and explained everything clearly, and we felt confident that our family’s future was protected.” – The Smiths
What advice would you give to someone considering a Revocable Living Trust?
Start by consulting with an experienced estate planning attorney who can assess your individual needs and goals. A Revocable Living Trust is not a one-size-fits-all solution, so it’s essential to have a plan tailored to your specific circumstances.
Remember, taking care of your estate planning is a gift you give yourself and your loved ones. It ensures your wishes are honored and minimizes potential stress and complications down the road. Don’t delay; contact us today for a free consultation to discuss how we can help protect your future.
Testimonial
“I was dreading the thought of estate planning, but Steve Bliss made it painless. He was friendly, knowledgeable, and genuinely cared about helping me protect my family’s assets.” – Jane Doe
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 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 powers does a trustee have?” 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 |