Good evening Moreno Valley and welcome back to our segment on Legal Matters. I’m Trisha Jones, your host for tonight’s discussion on Estate Planning. Joining us is local probate attorney Steve Bliss of Moreno Valley Probate Law. Welcome, Steve.
Steve Bliss Discusses Testamentary Trusts
Steve, thank you so much for joining us. Tonight we want to talk about testamentary trusts, a specific type of trust created through a will. Can you elaborate on the unique characteristics of these trusts?
Certainly, Trisha. A testamentary trust is designed to take effect only upon the grantor’s death. Unlike living trusts which are established during the grantor’s lifetime, a testamentary trust goes through probate. Consequently, it becomes active after the will is probated and the terms of the trust are validated by the court.
There are several reasons why someone might choose a testamentary trust. It can be a valuable tool for parents who want to ensure their minor children are financially supported until they reach adulthood. Moreover, it allows for greater control over asset distribution and can protect assets from irresponsible spending or potential creditors.
Conversely, because it involves probate, the process of setting up and administering a testamentary trust takes longer and is generally more expensive than establishing a living trust.
Challenges with Testamentary Trusts
Steve, have you encountered any particular challenges when working with clients who opt for testamentary trusts?
Well, Trisha, one common issue stems from the fact that the terms of the trust are only finalized upon death. This means the grantor’s wishes might not reflect their current circumstances or desires if their life takes unexpected turns.
I recall a case where a couple established a testamentary trust for their daughter, intending to provide for her education. Unfortunately, she decided to pursue a different career path that didn’t require a traditional college degree. Had they used a revocable living trust, they could have easily amended the terms to better suit her needs.
Nevertheless, testamentary trusts still serve an important purpose for many families. I always emphasize the importance of regularly reviewing estate planning documents with clients to ensure they remain aligned with their evolving goals and circumstances.
Moreno Valley Probate Law: Trusted Expertise
It’s clear you have a passion for helping families navigate these complex legal matters. How has Moreno Valley Probate Law made a difference in the community?
We strive to make estate planning accessible and understandable. We believe everyone deserves peace of mind knowing their loved ones are protected. Our team takes the time to listen to each client’s unique needs and concerns, providing personalized solutions tailored to their situation.
- “Steve Bliss helped us navigate a very difficult time after losing my mother. He was patient, understanding, and made sure everything was handled smoothly and efficiently.”
- – Maria Rodriguez, Moreno Valley Resident
- “I couldn’t have asked for a better attorney than Steve. He explained the probate process clearly and helped me understand all of my options. I highly recommend Moreno Valley Probate Law.”
- – John Smith, Moreno Valley Resident
Protect Your Legacy
Steve, thank you so much for sharing your expertise with us tonight. How can our viewers connect with Moreno Valley Probate Law to learn more about their estate planning options?
Trisha, it was my pleasure. We encourage anyone interested in safeguarding their future and protecting their loved ones to schedule a complimentary consultation with our team. Call us today at (951) 463-7008 or visit our website at www.MorenoValleyProbateLaw.com. We’re here to help you create a plan that brings peace of mind.
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: “Can a trust be contested?” Or any other related questions that you may have about Trusts or my trust law practice.
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