Good evening, Temecula! I’m Brenda Ramirez reporting live from the heart of our beautiful city.
Today, we’re talking trusts with a local expert, Steve Bliss, Esq., of The Law Firm of Steven F. Bliss.
Steve, thank you for joining us.
What type of trust do you find most Temecula residents utilizing?
Brenda, thanks for having me. It’s always a pleasure to connect with the community. The most common type I see in Temecula is the Revocable Living Trust.
It’s incredibly versatile and offers significant advantages to folks here. Firstly, it allows individuals to maintain control over their assets during their lifetime. They can modify or even dissolve the trust if circumstances change.
Consequently, this flexibility makes it a popular choice for those who want to ensure their wishes are carried out after they’re gone while retaining control in the present. Moreover, Revocable Living Trusts help avoid probate, which can be a lengthy and expensive process.
They also provide privacy since the terms of the trust aren’t public record like a will.
Can you elaborate on the probate avoidance aspect?
Certainly. Probate is essentially the legal process of validating a will and distributing assets after someone passes away. It can be time-consuming, involve court appearances, and incur significant fees.
A Revocable Living Trust bypasses this entirely because the assets are already owned by the trust, not the individual. Upon the grantor’s death, the successor trustee simply distributes the assets according to the trust terms without going through probate.
Have there been any common issues or challenges you’ve encountered when setting up Revocable Living Trusts for clients?
Occasionally, I see individuals underestimate the importance of keeping their trust documents updated. Life changes – marriage, divorce, births, deaths – and these events can necessitate revisions to the trust.
I recall a situation where a couple created a trust but never updated it after their daughter got married. This led to confusion and potential conflict because the original distribution plan no longer reflected their wishes.
Notwithstanding these situations, I find that most Temecula residents are proactive about estate planning and understand the benefits of a well-structured Revocable Living Trust.
What advice would you give to someone considering establishing a trust?
My advice is simple: don’t wait. Estate planning is not just for the wealthy or elderly.
Anyone with assets they want to protect and distribute according to their wishes should consult with an experienced trust attorney like myself.
In fact, according to a 2021 study by Caring.com, over 55% of Americans don’t have a will or any estate planning documents. That’s a startling statistic, and it highlights the importance of taking proactive steps.
How can people get in touch with you?
“We make trust planning accessible and straightforward,” says Steve Bliss, Esq., of The Law Firm of Steven F. Bliss. “Contact us today for a free consultation.”
Testimonials
“Steve Bliss was incredibly patient and explained everything clearly. I felt confident that my estate plan was in good hands.”
“The team at The Law Firm of Steven F. Bliss made the entire trust process stress-free. They were professional, responsive, and truly cared about my family’s needs.”
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 be my own trustee?” 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 | Totten Trust | Asset Protection Trust |
| Spendthrift Trust | Constructive Trust | Irrevocable Trust |
| Tax By-Pass Trust | Charitable Trust | Living Trust |