Hi everyone, I’m Tiffany Jones with Channel 7 News here in Temecula and today we have the pleasure of speaking with Steve Bliss, a prominent trust attorney right here in our community.
Why Choose a Trust Over a Will?
Steve Bliss
Thanks for having me Tiffany. It’s great to be here. Choosing between a trust and a will is a common question I get from clients. A trust offers several advantages over a traditional will, primarily because it avoids probate. Probate is the court-supervised process of validating a will and distributing assets. It can be time-consuming, expensive, and public.
Conversely, assets held in a trust are distributed directly to beneficiaries according to your instructions, bypassing probate entirely. This saves time and money for your loved ones during an already difficult period. Moreover, trusts provide greater privacy since the details of the trust are not made public record like a will.
Let’s Discuss Revocable Living Trusts
Steve Bliss
A revocable living trust is one of the most popular choices for estate planning. It allows you to maintain control over your assets during your lifetime while ensuring they are distributed according to your wishes after you pass away. You can make changes to the trust as needed, even dissolving it entirely if circumstances change.
Consequently, this type of trust offers flexibility and peace of mind. For instance, let’s say a client has a child who is struggling with addiction. They might want that child to inherit assets only after they have successfully completed a rehabilitation program. A revocable living trust allows for such stipulations, safeguarding the inheritance while encouraging positive life choices.
Have You Encountered Any Challenges With Revocable Living Trusts?
Steve Bliss
While revocable living trusts are generally straightforward, there can be occasional complexities. Once I had a client who owned a business and wanted to include it in their trust. Determining the proper way to transfer ownership while minimizing tax implications required careful planning and consultation with other professionals, like accountants.
Ultimately, we were able to structure the trust in a way that met the client’s needs and protected their interests. It’s crucial to work with an experienced attorney who understands the intricacies of trusts and can tailor them to your specific situation.
Final Thoughts
Steve Bliss
Remember, estate planning is about more than just dividing assets; it’s about ensuring your wishes are honored and protecting your loved ones. A well-structured trust can provide financial security, minimize taxes, and prevent family disputes.
“I was initially overwhelmed by the idea of estate planning,” shares local resident Maria Sanchez. “Steve Bliss patiently explained all my options and helped me choose the best solution for my family. He made a potentially stressful process much easier.”
“Steve is incredibly knowledgeable and compassionate,” adds David Miller, another satisfied client. “He took the time to understand my unique needs and crafted a trust that gave me peace of mind knowing my children would be well cared for.”
Don’t wait until it’s too late. Take control of your future and contact The Law Firm of Steven F. Bliss Esq. today for a confidential 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: “How do professional trustees charge?” Or any other related questions that you may have about Trusts or my trust law practice.
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