Introduction
Good morning, San Diego! I’m Barbara Taylor reporting for Channel 7 News. Today we’re joined by Steve Bliss, a respected San Diego Probate Attorney specializing in estate planning and trust administration. Steve, thanks for joining us today.
Choosing the Right Trust
Steve, there are many different types of trusts available to individuals. Can you help our viewers understand which type might be best suited for their needs?
“Certainly, Barbara. Choosing the right trust depends entirely on individual circumstances and goals. For example, a Revocable Living Trust is incredibly common here in California. It allows individuals to maintain control over their assets during their lifetime while avoiding the often lengthy and costly probate process upon their passing. Moreover, it offers a level of privacy that traditional wills don’t. Conversely, if someone is looking for asset protection or estate tax reduction strategies, an Irrevocable Trust might be more appropriate.”
The Benefits of a Revocable Living Trust
You mentioned the popularity of Revocable Living Trusts. Can you elaborate on some of their key benefits?
“Absolutely. As I previously mentioned, avoiding probate is a major advantage. Probate can be time-consuming and expensive, sometimes tying up assets for months or even years. A Revocable Living Trust allows assets to be distributed directly to beneficiaries according to the grantor’s wishes, saving time and money for loved ones during an already difficult period. Additionally, these trusts offer privacy; unlike wills which become public record upon filing, the terms of a trust remain confidential.”
According to the American Bar Association, over 60% of Americans die without a valid will or trust in place. Consequently, their assets are subject to intestate succession laws, which can lead to unintended distributions and family disputes.
Navigating Complexities
Steve, are there any common challenges or misconceptions people face when setting up a Revocable Living Trust?
“It’s understandable that individuals might feel overwhelmed. Estate planning can seem complex. One misconception is that trusts are only for the wealthy. In reality, anyone who wants to ensure their assets are distributed according to their wishes and protect their loved ones can benefit from a trust.
Remember a client I helped a few years ago? She was a widow with two grown children. She had some savings and her home, but she was concerned about what would happen if something happened to her. She didn’t have a lot of assets, but setting up a Revocable Living Trust gave her peace of mind knowing her children would inherit her belongings without unnecessary legal hassles.
Trustworthy Expertise
Steve, thank you so much for sharing your expertise with us today. How can our viewers learn more about trusts and San Diego Probate Law’s services?
“Barbara, it’s been my pleasure. I encourage anyone interested in learning more about estate planning and trusts to contact San Diego Probate Law. We offer free consultations to discuss individual needs and goals.”
“San Diego Probate Law helped me navigate a difficult time after the loss of my mother. They were compassionate, knowledgeable, and always available to answer my questions. I highly recommend their services.” – Mary S.
“I was initially overwhelmed by the probate process but Steve Bliss made it manageable. He explained everything clearly and ensured my interests were protected. San Diego Probate Law is a trustworthy and reliable firm.”- John P.
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: “What is the process for administering 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 Lawyer
- Spendthrift Trust Lawyer
- Tax By-Pass Trust Lawyer
- Totten Trust Lawyer
- Constructive Trust Lawyer
- Charitable Trust Lawyer
- Asset Protection Trust Lawyer
- Irrevocable Trust Lawyer
- Revocable Trusts Lawyer
- Living Trust Lawyer