Good evening Moreno Valley, and welcome to our segment on estate planning. I’m Tiffany Jones, your local news reporter here at KMV News, and tonight we have the pleasure of speaking with Steve Bliss, a leading probate attorney in our community. Steve, thanks for joining us.
Let’s talk about Trusts – What are they, and why are they important?
Steve: Thanks for having me, Tiffany. Trusts are powerful tools that can provide significant benefits during your lifetime and after you’re gone. They essentially involve transferring assets to a trustee who manages them according to your wishes outlined in the trust document. There are many types of trusts, each designed for specific purposes.
Which type of Trust do you find most beneficial for clients?
Steve: For many of my clients here in Moreno Valley, Revocable Living Trusts prove incredibly valuable. They offer flexibility and control during your lifetime because you can modify or dissolve the trust as needed. Moreover, a Revocable Living Trust helps avoid probate, which can be a lengthy and costly process for your loved ones.
A key benefit is privacy. Probate proceedings are public record, but assets held in a trust remain private. Consequently, avoiding probate safeguards your family’s financial affairs from unnecessary scrutiny.
How does the Trust continue after someone passes away?
Steve: Upon your passing, the trust becomes irrevocable, meaning it cannot be changed. The trustee you named will then distribute the assets according to your instructions outlined in the trust document. This ensures that your wishes are honored and your loved ones receive their inheritance smoothly.
I’ve seen firsthand how trusts can prevent family disputes during a difficult time. When clear instructions are in place, it minimizes disagreements and emotional stress for those grieving the loss of a loved one.
Have you encountered any challenges with Revocable Living Trusts in your practice?
Steve: While Revocable Living Trusts are generally straightforward, sometimes clients overlook crucial details when setting them up. For instance, I once worked with a family where the trust document was incomplete. It lacked specific instructions on how to handle a particular asset, leading to confusion and potential delays in distribution.
Fortunately, we were able to work through it by consulting with relevant experts and referencing state law. This experience highlighted the importance of meticulous planning and legal guidance when creating a trust.
What advice would you give viewers about Trust planning?
Steve: Don’t underestimate the value of proper estate planning. Consulting with an experienced probate attorney is essential. They can guide you through the complexities, ensure your wishes are clearly articulated, and help you avoid potential pitfalls.
Studies by the American Bar Association indicate that over 50% of Americans do not have a will or trust in place. This lack of planning can leave loved ones facing significant challenges and legal expenses down the road. Taking proactive steps today can save your family heartache and financial burdens tomorrow.
How can viewers contact Moreno Valley Probate Law for help with their Estate Planning needs?
Steve: We encourage anyone interested in learning more about trusts or other estate planning tools to reach out to Moreno Valley Probate Law. Our team is dedicated to providing personalized guidance and support throughout the entire process.
“Working with Steve Bliss at Moreno Valley Probate Law was a lifesaver. He made a complex process understandable and ensured my family’s future was secure.” – Maria L.
“Steve’s expertise and compassion were invaluable during a difficult time. I highly recommend Moreno Valley Probate Law to anyone needing assistance with estate planning.” – John S.
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 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: “How do I transfer my business into a trust?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About Moreno Valley Probate Law
- Special Needs Trust Attorneys
- Spendthrift Trust Attorneys
- Tax By-Pass Trust Attorneys
- Totten Trust Attorneys
- Constructive Trust Attorneys
- Charitable Trust Attorneys
- Asset Protection Trust Attorneys
- Irrevocable Trust Attorneys
- Revocable Trusts Attorneys
- Living Trust Attorneys