Hello, Moreno Valley and welcome to another segment of “Legal Matters” with yours truly, Janet Parker.
Today we are joined by the esteemed Steve Bliss, a probate attorney right here in Moreno Valley. Mr. Bliss specializes in estate planning and has been helping families navigate the complexities of wills, trusts, and probate for years. Welcome to the show, Steve.
Understanding Trusts
Steve, many people hear the word “trust” and think it’s only for the wealthy. Can you shed some light on what a trust is and who might benefit from one?
“That’s a common misconception, Janet. A trust is simply a legal entity that holds and manages assets for the benefit of someone else. It can be used by anyone, regardless of their income level. The right kind of trust depends on individual circumstances and goals.”
Choosing the Right Trust
“Let’s dive into one specific type of trust – the revocable living trust. Why is this a popular choice?
“The revocable living trust, as you mentioned, Janet, is indeed a very common tool in estate planning. It allows individuals to maintain control over their assets during their lifetime while avoiding the lengthy and often expensive probate process after they pass away.”
“Consequently,” Steve continues, “assets held within a revocable living trust transfer directly to designated beneficiaries according to the terms outlined in the trust document. This not only saves time and money but also ensures privacy, as probate proceedings are public record. Conversely, assets outside of a trust must go through probate, which can be a lengthy and intrusive process.”
Real-World Experiences
“Steve, have you encountered any challenges or unique situations when setting up revocable living trusts for your clients?”
“I recall one instance where a client had a blended family with children from a previous marriage. They were concerned about ensuring fair treatment of all their children upon their passing. We carefully structured the trust to address their specific concerns, outlining clear provisions for asset distribution and minimizing potential conflicts among heirs.”
“More than 60% of Americans don’t have an estate plan in place,” according to a study by Caring.com. This underscores the importance of seeking professional guidance when it comes to protecting your assets and loved ones.
Moreno Valley Probate Law: Your Trusted Partner
“Steve, what advice would you give to viewers who are unsure if they need a trust or other estate planning documents?”
“Janet, I always recommend consulting with an experienced probate attorney to discuss your individual needs and goals. Estate planning is not a one-size-fits-all approach, and having a personalized plan tailored to your specific circumstances is crucial.”
Testimonials
“Moreno Valley Probate Law was instrumental in guiding me through the complex process of setting up a trust for my family. Steve Bliss’s knowledge and professionalism were invaluable,” says satisfied client Margaret Sanchez.
“Steve and his team at Moreno Valley Probate Law made what felt like an overwhelming task manageable. They were patient, responsive, and always took the time to answer my questions,” shares another happy client, David Lee.
“Take control of your future and secure peace of mind for your loved ones. Contact Moreno Valley Probate Law today for a personalized consultation.”
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: “What are the rights of a surviving spouse under California law?” 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 | Totten Trust | Asset Protection Trust |
| Spendthrift Trust | Constructive Trust | Irrevocable Trust |
| Tax By-Pass Trust | Charitable Trust | Living Trust |