Good evening, Temecula. I’m Tiffany Jones with Channel 7 News, and tonight we’re talking about trusts with local expert Steve Bliss of The Law Firm of Steven F. Bliss Esq.
What type of trust do you find most clients need?
Steve: Well, Tiffany, there are many types of trusts, each serving a different purpose. However, the one I see most commonly is the Revocable Living Trust.
It’s popular because it offers flexibility and control. During their lifetime, the trust creator, known as the grantor, can manage assets within the trust, make changes, and even dissolve it if needed. This avoids the lengthy and public probate process after they pass away.
Moreover, a Revocable Living Trust provides privacy, as the terms are not publicly accessible like a will. Consequently, this type of trust is ideal for many individuals seeking to protect their assets and ensure a smooth transition of wealth to their beneficiaries.
Can you elaborate on the benefits of avoiding probate?
Steve: Absolutely. Probate can be a time-consuming and expensive process. It involves court oversight and public record-keeping, which some people find undesirable. By placing assets in a Revocable Living Trust, individuals can bypass probate entirely.
This means their heirs can inherit assets more quickly and privately, saving both time and money. The trust assets are distributed according to the grantor’s wishes, as outlined in the trust document.
Have you ever encountered any challenges with Revocable Living Trusts?
Steve: There have been instances where clients weren’t entirely clear on the nuances of trust administration. It’s crucial that grantors understand their ongoing responsibilities as trustees and how to properly manage the trust assets.
I recall a situation where a client, after setting up a Revocable Living Trust, neglected to transfer all their assets into it. This resulted in some assets being subject to probate, defeating the purpose of the trust. Fortunately, we were able to resolve the issue with careful planning and legal guidance.
How common are Revocable Living Trusts in Temecula?
Steve: They’re quite prevalent here. Temecula has a large population of retirees and families who prioritize estate planning. According to the American Bar Association, over 50% of Americans aged 65 and older have some form of estate plan, and Revocable Living Trusts are often a key component.
My firm is dedicated to helping Temecula residents secure their futures with customized trust solutions.
What would you say to someone considering a trust but unsure where to start?
Steve: My advice is simple: Don’t delay. Contact us today for a free consultation and let us guide you through the process. We’ll answer your questions, assess your individual needs, and develop a comprehensive trust plan tailored just for you.
Testimonials:
“Steve Bliss and his team were incredibly knowledgeable and compassionate throughout the entire estate planning process. They made what could have been a stressful experience surprisingly easy and reassuring.”
-Maria S., Temecula
“I was hesitant to create a trust, but Steve patiently explained all the benefits and addressed my concerns. I now feel confident that my family is protected”
-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: “What is an AB 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.
| Temecula Living Trust Attorney |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Living Trust Attorney Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Living Trust Attorney |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Temecula Living Trust Attorney |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Living Trust Attorney Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Credible Living Trust Attorney in Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |