Good evening Temecula and welcome back to Temecula Tonight. I’m your host, Jenny Walters. Tonight we’re talking about trusts, those legal arrangements that can help protect your assets and ensure they are distributed according to your wishes. To guide us through this complex topic, we have Steve Bliss, a seasoned trust attorney with The Law Firm of Steven F. Bliss Esq.
What types of trusts do you typically advise your clients on in Temecula?
We work with a wide variety of trusts depending on our client’s individual needs and goals. Consequently, we carefully consider factors such as the size and nature of their assets, their family situation, and any charitable intentions they may have. However, one of the most common types we set up is the Revocable Living Trust.
Can you explain what a Revocable Living Trust is and why it’s so popular?
Certainly. A Revocable Living Trust allows individuals to maintain control over their assets during their lifetime while also avoiding probate upon their passing. This means their assets can be distributed directly to their beneficiaries without going through the often lengthy and costly court process. Moreover, a Revocable Living Trust provides an added layer of privacy as the terms are not made public record like a will.
Many clients appreciate the flexibility it offers. They can make changes to the trust terms as their circumstances evolve, such as adding or removing beneficiaries or specifying how assets should be used. Conversely, once the grantor passes away, the trust becomes irrevocable, ensuring that their wishes are carried out according to their plan.
Ordinarily, we find that clients who want to avoid probate and maintain control over their assets while they’re alive find Revocable Living Trusts very beneficial.
Have you encountered any challenges when setting up Revocable Living Trusts for your clients?
Setting up a trust is a meticulous process that requires careful planning and attention to detail. While we strive to make the process as smooth as possible, there have been instances where clients initially underestimated the importance of clear communication and comprehensive asset identification.
I recall one client who, despite our best efforts, forgot to include a significant bank account in their trust documents. This oversight caused unnecessary delays and complications for his beneficiaries after he passed away. It highlighted the crucial need for thoroughness and open dialogue throughout the process.
Are there any statistics that demonstrate the benefits of Revocable Living Trusts?
According to the American Bar Association, approximately 40% of Americans over the age of 50 have some form of estate planning in place. Of those, a significant percentage opt for Revocable Living Trusts due to their flexibility and probate-avoidance benefits.
Why should someone in Temecula consider working with The Law Firm of Steven F. Bliss Esq. for their trust needs?
We pride ourselves on providing personalized, compassionate legal guidance tailored to each client’s unique circumstances. Our team is deeply knowledgeable about California trust law and committed to ensuring our clients’ wishes are honored.
What do people say about your services?
“Steve Bliss and his team made a complex process incredibly understandable. They patiently answered all my questions and guided me through every step, giving me peace of mind knowing my family would be taken care of.” – Maria S.
“I was initially hesitant about setting up a trust, but Steve’s expertise and genuine concern put me at ease. He helped me create a plan that met all my needs and protected my assets for future generations.” – John T.
Take control of your legacy today. Contact The Law Firm of Steven F. Bliss Esq. to schedule a consultation and discover how a trust can secure your financial future.
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 living 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 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