Choosing the Right Trust for Your Needs
Good morning, Mr. Bliss. Thank you for joining us today. As a leading probate attorney in San Diego, you help individuals navigate complex legal matters surrounding estate planning. Could you shed some light on the different types of trusts and how someone might choose the right one?
The Benefits of a Revocable Living Trust
One of the most common trusts we encounter is the revocable living trust. This type allows individuals, known as grantors, to maintain control over their assets during their lifetime while also avoiding probate upon death.
Consequently, a revocable living trust offers privacy, as the terms are not publicly available through probate court proceedings. Moreover, it can be modified or revoked by the grantor at any time before their passing.
However, it’s important to remember that upon the grantor’s death, the trust becomes irrevocable. The assets are then distributed according to the grantor’s wishes outlined in the trust document.
Challenges and Real-World Experiences
Are there any common challenges or misconceptions you encounter when advising clients about revocable living trusts?
Notwithstanding the benefits, some individuals underestimate the importance of properly funding their trust. I recall one instance where a client had meticulously drafted a revocable living trust but neglected to transfer ownership of their primary residence into the trust. This oversight created complications during probate as the house was subject to separate legal proceedings.
It’s crucial for individuals to work closely with an experienced attorney who can guide them through the process and ensure all assets are properly titled in the name of the trust.
Trusts and Estate Planning
According to a 2021 survey by the American Bar Association, nearly 60% of adults do not have a will or estate plan in place. This highlights the importance of seeking professional legal advice to ensure your assets are distributed according to your wishes.
Taking Control of Your Future
Mr. Bliss, thank you for sharing your expertise on revocable living trusts. For those interested in exploring their options and securing their financial future, San Diego Probate Law offers a wealth of knowledge and compassionate guidance.
“Steve Bliss was incredibly patient and understanding when guiding me through the complexities of setting up a trust. He took the time to answer all my questions and ensured I felt confident in my decisions.” – Mary S., San Diego
“I highly recommend Steve Bliss and his team. They are true professionals who handled my probate case with sensitivity and efficiency.” – John D., La Jolla
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: “Should I put my retirement accounts in a 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 Revocable Trust Attorney |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Revocable Trust Attorney San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Revocable Trust Attorney |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| San Diego Revocable Trust Attorney |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Asset Protection Trust Attorney San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Credible Revocable Trust Attorney in San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |