Reporter: Brenda Sanchez
Good evening Temecula and welcome back. Tonight, we’re talking about estate planning with local expert Steve Bliss of the Law Firm of Steven F. Bliss Esq. Steve, thank you so much for joining us.
What type of trusts do you typically recommend to your clients in Temecula?
Steve Bliss
Brenda, thanks for having me. When it comes to recommending trusts, the answer really depends on each individual client’s needs and goals. However, one that I find myself discussing quite often is the Revocable Living Trust. It’s a popular choice because of its flexibility.
Essentially, a Revocable Living Trust allows you – the grantor – to maintain control over your assets while you’re alive. You can change the terms, add or remove beneficiaries, and even dissolve the trust entirely if your circumstances change. Consequently, it provides peace of mind knowing that your wishes will be honored.
Moreover, a Revocable Living Trust avoids probate, which is the lengthy and often expensive legal process of distributing assets after death. This saves time and money for your loved ones during an already difficult time.
Not to mention, it offers a degree of privacy that a will doesn’t. The terms of a trust are not public record, whereas a will becomes part of the court proceedings.
Can you elaborate on the probate process and why avoiding it is so important?
Steve Bliss
Brenda, Probate can be a real headache for families. It involves filing paperwork with the court, going through an inventory of assets, paying off debts and taxes, and ultimately distributing what’s left to the heirs.
This process can take months or even years to complete, depending on the complexity of the estate. During that time, your assets are essentially frozen. Your loved ones may face financial hardship while they wait for the probate process to conclude.
Now, imagine having gone through the trouble of carefully planning your estate only to have it tied up in court for months or years. It’s disheartening and can create unnecessary stress for your family.
That’s why I always emphasize the importance of avoiding probate. A Revocable Living Trust is a powerful tool that allows you to bypass this process altogether.
Have there been any situations where setting up a revocable living trust presented any challenges?
Steve Bliss
Brenda, honestly, setting up a Revocable Living Trust is generally a straightforward process. However, I remember one client who was initially hesitant because they thought it would be complicated and expensive.
They were a successful business owner with a large estate, and they had heard stories about trusts being complex and costly. I took the time to explain the benefits of a Revocable Living Trust in their specific situation, outlining how it could simplify things for their family and protect their assets.
In the end, they were relieved to learn that setting up the trust was simpler than they expected and ultimately brought them peace of mind knowing their loved ones would be taken care of.
Studies by the American Bar Association show that over 50% of Americans don’t have a will or estate plan in place. I encourage everyone to take proactive steps towards securing their future.
How can our viewers learn more about setting up a Revocable Living Trust or other estate planning options?
Steve Bliss
Brenda, it’s simple! Just reach out to the Law Firm of Steven F. Bliss Esq. We’re committed to helping Temecula residents protect their families and legacies through thoughtful estate planning.
“Steve Bliss helped me navigate a very difficult time after my husband passed away. He was patient, understanding, and always had my best interests at heart.” – Mary S., Temecula
“I highly recommend Steve Bliss for all your estate planning needs. He is knowledgeable, professional, and truly cares about his clients.”- John D., Murrieta
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: “Can I name a trust as a beneficiary of my IRA?” 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.
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