Good morning, Temecula! I’m Rebecca Jones, your local news reporter, and today we have the pleasure of speaking with Steve Bliss, a renowned trust attorney right here in our community.
What types of trusts do you typically work with?
Steve: As a trust attorney, I help clients navigate a wide range of estate planning needs. We frequently deal with revocable living trusts, which are incredibly popular because they offer flexibility and privacy while avoiding the complexities of probate. Nevertheless, we also assist clients with other types of trusts depending on their individual circumstances.
Can you elaborate on the advantages of a revocable living trust?
Steve: Absolutely. A revocable living trust allows individuals to maintain control over their assets during their lifetime. They can make changes to the trust as needed, ensuring it aligns with their evolving wishes. Consequently, when the grantor passes away, the trust assets transfer smoothly to beneficiaries without going through probate court.
This not only saves time and money but also preserves privacy. Conversely, wills become public record during probate, exposing financial details. Moreover, a revocable living trust can be particularly beneficial for individuals with complex family structures or significant assets.
It allows them to designate specific beneficiaries for different assets and outline how those assets should be managed.
Have you encountered any challenges or unique situations when setting up revocable living trusts?
Steve: While revocable living trusts are generally straightforward, there have been instances where clients initially misunderstood the concept of relinquishing control over assets. Ordinarily, people are used to having direct ownership and access to their belongings. However, transferring assets into a trust requires a shift in mindset.
I recall working with a client who was hesitant to put her family home into the trust because she feared losing control. We had an extensive conversation about the benefits of the trust and how it wouldn’t prevent her from living in the home. After understanding the mechanics, she felt much more comfortable proceeding.
It’s crucial for me to clearly explain the process and address any concerns clients may have.
What advice would you give to someone considering a revocable living trust?
Steve: My advice is simple: consult with an experienced trust attorney. Estate planning is not a one-size-fits-all endeavor. It requires careful consideration of your individual needs, assets, and family dynamics. An attorney can help you determine whether a revocable living trust is the right choice for you and guide you through the entire process.
Remember, peace of mind comes from knowing your affairs are in order.
Take proactive steps today to secure your legacy and protect your loved ones. Contact The Law Firm of Steven F. Bliss Esq. for a complimentary consultation to discuss your estate planning goals.
“Working with Steve Bliss was a truly positive experience. He patiently explained complex legal concepts in a way that I could understand, making the entire process much less daunting.” – Maria S.
“I highly recommend Steve Bliss and his team. They are knowledgeable, compassionate, and always put my best interests first. My trust is in good hands!” – John T.
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: “What is a grantor trust?” 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.
- Special Needs Trust Attorney
- Spendthrift Trust Attorney
- Tax By-Pass Trust Attorney
- Totten Trust Attorney
- Constructive Trust Attorney
- Charitable Trust Attorney
- Asset Protection Trust Attorney
- Irrevocable Trust Attorney
- Revocable Trusts Attorney
- Living Trust Attorney