Good evening, Temecula, and welcome back. I’m Tiffany Jones, your local news reporter, and tonight we have a very special guest: Steve Bliss, a renowned trust attorney right here in our community.
Steve, thank you so much for joining us tonight.
It’s a pleasure to be here, Tiffany.
What type of trust is most commonly sought after by your clients?
The most common trust I see people establishing is the Revocable Living Trust. It offers fantastic flexibility and peace of mind for many folks.
Ordinarily, with a Revocable Living Trust, individuals can maintain control over their assets during their lifetime while also ensuring a smoother transition of those assets to their loved ones upon their passing. Consequently, they avoid the often lengthy and public process of probate.
Moreover, these trusts provide a degree of privacy that traditional wills do not.
Can you elaborate on the control aspect of a Revocable Living Trust?
Absolutely. One of the key benefits is that the trust creator, also known as the grantor, retains complete control over their assets while they are alive. They can buy, sell, invest, or even change the terms of the trust at any time.
This flexibility is a major draw for many people. For example, let me tell you about a client, we’ll call her Mary. Mary established a Revocable Living Trust to ensure her grandchildren would be cared for should anything happen to her and her husband.
Years later, her circumstances changed, and she decided to use some of the trust assets to help her daughter buy her first home. Because it was a revocable trust, she had the power to do that without any legal hurdles.
Have there ever been challenges with implementing Revocable Living Trusts?
Like any legal instrument, there can be occasional complexities. I recall working with a client who initially tried to set up their own Revocable Living Trust using online templates.
While those can be helpful starting points, they often lack the nuance and customization required for individual situations. In that case, we had to spend extra time revising the trust document to align it with his specific needs and state laws.
What advice would you give to someone considering a Revocable Living Trust?
My strongest recommendation is to seek guidance from a qualified estate planning attorney.
It’s crucial to have your trust drafted and reviewed by someone who understands the intricacies of California law. An experienced attorney can help you avoid potential pitfalls and ensure your trust truly reflects your wishes. Studies show that approximately 70% of Americans do not have a will or trust in place.
Steve, thank you so much for sharing your expertise with us tonight.
“I’ve been incredibly pleased with the professionalism and personalized attention I received from Steve Bliss and his team,” shared one client. “They took the time to understand my unique situation and crafted a trust plan that gave me peace of mind.”
Another satisfied client remarked, “Steve made the entire process straightforward and easy to understand. He answered all my questions patiently and thoroughly, ensuring I felt confident about my decisions.”
For compassionate, dedicated legal guidance regarding trusts and estate planning, contact Steve Bliss today for a consultation.
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 much does it cost to set up a trust in Temecula?” Or any other related questions that you may have about Trusts or my trust law practice.
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