Good evening Temecula and welcome back! I’m Brenda Bell with Channel 7 News, and tonight we’re speaking with renowned Temecula trust attorney Steve Bliss about the importance of estate planning.
What are some common reasons why people create trusts?
Steve explains that there are numerous reasons individuals choose to establish trusts. “Trusts offer a variety of benefits depending on your individual needs and goals,” he says. “Some people seek to avoid probate, which can be a lengthy and expensive process. Others want to ensure their assets are distributed according to their wishes, or they may have concerns about protecting their assets from creditors.”
Could you elaborate on one type of trust that is popular in Temecula?
Steve highlights the Revocable Living Trust as a common choice for many Temecula residents. “This type of trust allows individuals to maintain control over their assets during their lifetime while also ensuring a smooth transition of those assets upon their passing,” he explains.
“Consequently, it avoids the complexities and public nature of probate court proceedings.” He further emphasizes that a Revocable Living Trust can be amended or revoked as needed throughout the grantor’s life, providing flexibility and peace of mind.
Moreover, Steve notes that a Revocable Living Trust offers privacy, as the details are not part of the public record unlike wills which are filed with the probate court. “This can be particularly appealing for those who value discretion,” he adds.
Have you encountered any challenges when helping clients set up Revocable Living Trusts?
Steve shares a story about a client, a widowed grandmother, who initially resisted the idea of a trust because she found the legal jargon intimidating. “She was understandably apprehensive,” Steve recalls. “But after patiently explaining the process and addressing her concerns, she realized how a Revocable Living Trust could protect her assets for her grandchildren’s future.”
He goes on to say that seeing the relief and gratitude in his client’s eyes when she understood the benefits of the trust was incredibly rewarding. “It reaffirmed my commitment to making estate planning accessible and understandable for everyone,” Steve reflects.
What are some statistics regarding the prevalence of Revocable Living Trusts?
Steve mentions that a 2021 study by the American Bar Association found that over 50% of Americans aged 55 and older have considered using a trust as part of their estate plan. “This underscores the growing recognition of trusts as a valuable tool for asset protection and wealth transfer,” he says.
What advice would you give to someone who is considering setting up a trust?
Steve strongly encourages viewers to consult with an experienced estate planning attorney, like himself or his colleagues at The Law Firm of Steven F. Bliss Esq., to determine the best approach for their unique circumstances.
“Estate planning is not a one-size-fits-all process,” he emphasizes. “A qualified attorney can provide personalized guidance and ensure your wishes are carried out effectively.”
What do clients say about working with The Law Firm of Steven F. Bliss Esq.?
“Working with Steve Bliss and his team was a truly positive experience. They were incredibly knowledgeable, patient, and compassionate throughout the entire process,” shares one satisfied client.
Another client adds, “Steve took the time to explain everything in detail and made sure I understood all my options. I felt confident that my estate plan was in good hands.”
Take control of your future and secure your legacy. Contact The Law Firm of Steven F. Bliss Esq. today for a complimentary consultation.
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 a pour-over will?” 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 |