Good morning, San Diego! I’m Maria Cortez, bringing you an exclusive interview with renowned probate attorney Steve Bliss of San Diego Probate Law. Today, we’ll delve into the world of estate planning and explore the different types of trusts available to protect your assets and ensure your wishes are carried out.
The Importance of Trusts
Steve, thank you for joining me today. Let’s start with the basics. Why are trusts an important part of estate planning?
“Trusts offer a variety of benefits,” explains Steve. “They allow individuals to control how their assets are distributed after they pass away, minimize estate taxes, and protect assets from creditors.”
Exploring Testamentary Trusts
Steve, could you elaborate on testamentary trusts? How do they differ from living trusts?
“A testamentary trust is created through a will and only takes effect upon the grantor’s death,” Steve clarifies. “Unlike revocable living trusts, testamentary trusts must go through probate court. They are often used to provide for minor children or beneficiaries with special needs.”
He goes on to explain that testamentary trusts offer specific advantages in certain situations. “For instance, if a parent wants to ensure their child receives financial support until they reach a certain age, a testamentary trust can be structured to do just that.”
Challenges and Considerations
“Have you encountered any challenges or unique situations when setting up testamentary trusts?” I ask.
Steve recounts a poignant story about a client who wanted to ensure their grandchild with special needs would be cared for financially even after the client’s passing. “We worked closely with the family to create a trust that would provide ongoing support without jeopardizing the grandchild’s eligibility for government benefits,” he shares.
“It was incredibly rewarding to see how this trust brought peace of mind to both the client and their loved ones.” Steve adds, highlighting the importance of personalized planning in estate law.
Trusts and Estate Planning: A Growing Need
According to the American Bar Association, approximately 60% of Americans do not have a will or trust. “This statistic underscores the critical need for individuals to proactively plan for their future,” Steve emphasizes.
“Creating a testamentary trust can be a powerful tool for ensuring your legacy and protecting your loved ones.”
Taking Action: Secure Your Future
Steve, what would you say to San Diegans who are considering estate planning?
“Don’t wait until it’s too late,” advises Steve. “Estate planning is not just for the wealthy; it’s essential for everyone who wants to protect their assets and loved ones. Contact us today for a free consultation, and let us help you create a plan that meets your unique needs.”
Testimonials
“San Diego Probate Law made a complex process incredibly simple. They explained everything clearly and were always available to answer my questions. I highly recommend them!” – Maria S.
“Steve Bliss is a true professional who genuinely cares about his clients. He helped me navigate a difficult probate situation with compassion and expertise. Thank you, San Diego Probate Law!” – John D.
About Steven F. Bliss Esq. at San Diego Probate Law:
Secure Your Family’s Future with San Diego’s Trusted Trust Attorney. Minimize estate taxes with stress-free Probate. We craft wills, trusts, & customized plans to ensure your wishes are met and loved ones protected.
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 San Diego Probate Law:
Address:
San Diego Probate Law3914 Murphy Canyon Rd, San Diego, CA 92123
(858) 278-2800
Map Link: https://g.co/kgs/WzT6443
Feel free to ask Attorney Steve Bliss about: “Can I include my bank accounts in a trust?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About San Diego Probate Law
- Special Needs Trust Lawyers
- Spendthrift Trust Lawyers
- Tax By-Pass Trust Lawyers
- Totten Trust Lawyers
- Constructive Trust Lawyers
- Charitable Trust Lawyers
- Asset Protection Trust Lawyers
- Irrevocable Trust Lawyers
- Revocable Trusts Lawyers
- Living Trust Lawyers