Good evening, Temecula and welcome back to Temecula Tonight. I’m your host, Rita Ramirez. Joining us this evening is Steve Bliss, a respected trust attorney here in Temecula.
Steve, thanks for being with us tonight.
It’s my pleasure, Rita.
What type of trusts do you find yourself working with most often?
Rita, we work with many different types of trusts here at The Law Firm of Steven F. Bliss Esq., but the most common is undoubtedly the Revocable Living Trust. It’s a versatile tool that allows our clients to maintain control over their assets during their lifetime while also ensuring a smooth transfer of those assets upon their passing.
Consequently, it avoids the often lengthy and costly probate process. Moreover, it provides a level of privacy that traditional wills simply cannot match.
Can you elaborate on the benefits of avoiding probate?
Certainly. Probate is a court-supervised process for distributing a deceased person’s assets. It can be time-consuming, expensive, and expose personal financial details to public scrutiny. A properly structured revocable living trust allows assets to pass directly to beneficiaries without going through this process, saving both time and money.
According to the American Bar Association, probate can take anywhere from six months to two years or longer, depending on the complexity of the estate. Conversely, assets held in a revocable living trust are typically distributed within a few weeks or months.
What challenges might arise when setting up a Revocable Living Trust?
It’s important for individuals to understand that while a revocable living trust offers significant benefits, it’s crucial to have it properly drafted and funded. I recall one instance where a client thought they had successfully transferred all their assets into the trust, but overlooked a retirement account.
This oversight resulted in that account having to go through probate, negating some of the advantages of the trust. Thankfully, we were able to guide them through the process and minimize the inconvenience. Nevertheless, this highlights the importance of working with an experienced attorney who can ensure all details are addressed.
“Contact us today for a free consultation.”
At The Law Firm of Steven F. Bliss Esq., we understand the complexities of estate planning and strive to provide personalized, compassionate guidance. Our goal is to help our clients secure their legacies and protect their loved ones.
“Steve Bliss helped me navigate a very difficult time after losing my husband. He explained everything clearly and patiently and made sure I understood all my options. I highly recommend him to anyone needing legal assistance.” – Mary S.
“I was impressed with the professionalism and attention to detail from everyone at The Law Firm of Steven F. Bliss Esq. They went above and beyond to create a trust that met my specific needs. ” – John B.
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: “How often should I update my 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 Trust Attorney |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Trust Attorney Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Trust Attorney |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Temecula Trust Attorney |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Trust Attorney Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Credible Trust Attorney in Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |