Interview with Steve Bliss, San Diego Probate Attorney
Today we’re talking with Steve Bliss, a well-respected probate attorney here in San Diego. Steve, thanks for taking the time to speak with us.
Steve, can you tell us about Testamentary Trusts and when they might be appropriate?
Testamentary Trusts: Planning For The Future
A testamentary trust is a powerful tool for estate planning. As its name suggests, it’s created through a will and only becomes active after the grantor—the person creating the trust—passes away. Consequently, unlike living trusts, testamentary trusts must go through probate.
Now, you might be wondering why someone would choose a testamentary trust over a living trust. Well, there are several compelling reasons. Testamentary trusts are often ideal for situations where minor children are involved. By placing assets in a testamentary trust, parents can ensure those funds are managed responsibly until their children reach a predetermined age.
Moreover, testamentary trusts can be tailored to provide for beneficiaries with special needs. For instance, if someone has a disability that prevents them from managing their own finances, a testamentary trust can safeguard their inheritance and ensure they receive the care and support they need. Ordinarily, these trusts are structured to avoid jeopardizing eligibility for government benefits like Supplemental Security Income (SSI) or Medi-Cal.
While testamentary trusts offer significant advantages, it’s crucial to remember that they are subject to probate. This process can be time-consuming and expensive, potentially delaying the distribution of assets to beneficiaries.
Navigating Challenges with Testamentary Trusts
I remember one case where a family had established a testamentary trust for their young son. Unfortunately, the father passed away unexpectedly, and there were some complications during probate. The process dragged on longer than anticipated, causing considerable stress for the grieving family.
Nevertheless, with careful legal guidance, we were able to navigate those challenges and ultimately ensure the trust funds were distributed according to the father’s wishes.
This experience highlights the importance of working with a qualified probate attorney who understands the intricacies of testamentary trusts and can provide expert counsel throughout the process.
Peace of Mind Through Planning
Studies have shown that approximately 60% of Americans don’t have a will or any estate planning documents in place. This lack of planning can lead to unintended consequences for loved ones after someone passes away.
Establishing a testamentary trust through careful estate planning, however, can provide peace of mind knowing your assets will be managed responsibly and distributed according to your wishes.
Your Estate Planning Needs
Steve Bliss and the team at San Diego Probate Law are dedicated to helping clients create tailored estate plans that meet their unique needs. Contact us today for a free consultation, so we can discuss how a testamentary trust or other estate planning tools might benefit you and your family.
Testimonials
“Steve Bliss made the complex process of probate easy to understand. He was patient, responsive, and always available to answer our questions.” – Mary S.
“I highly recommend Steve Bliss and San Diego Probate Law. They were compassionate and efficient in handling my mother’s estate.” – John P.
About Steven F. Bliss Esq. at San Diego Probate Law:
Secure Your Family’s Future with San Diego’s Trusted Trust Attorney. Minimize estate taxes with stress-free Probate. We craft wills, trusts, & customized plans to ensure your wishes are met and loved ones protected.
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 San Diego Probate Law:
Address:
San Diego Probate Law3914 Murphy Canyon Rd, San Diego, CA 92123
(858) 278-2800
Map Link: https://g.co/kgs/WzT6443
Feel free to ask Attorney Steve Bliss about: “What is a revocable trust?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About San Diego Probate Law
| San Diego Irrevocable Trust Attorney |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Irrevocable Trust Attorney San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Irrevocable Trust Attorney |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| San Diego Irrevocable Trust Attorney |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Irrevocable Trust Attorney San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Credible Irrevocable Trust Attorney in San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |