Good evening, Temecula! This is Brenda Barnes reporting for KTEM News. Tonight, we’re sitting down with renowned Temecula trust attorney, Steve Bliss, to discuss the crucial topic of estate planning. Mr. Bliss, thanks for joining us.
What are some common misconceptions people have about trusts?
Steve Bliss: Thanks for having me, Brenda. One of the biggest misconceptions is that trusts are only for the wealthy. That’s simply not true. Anyone with assets they want to protect and pass on efficiently can benefit from a trust.
Can you explain one type of trust in detail for our viewers?
Steve Bliss: Certainly. Today, let’s talk about Revocable Living Trusts. These are incredibly popular because they offer flexibility and control during your lifetime. Imagine it as a safety net for your assets. You, as the grantor, maintain complete control over the trust while you’re alive. You can add or remove assets, change beneficiaries, and even dissolve the trust entirely if your circumstances change.
Moreover, a Revocable Living Trust helps avoid probate, which can be a lengthy and expensive legal process. When you pass away, the assets in the trust transfer directly to your designated beneficiaries, saving them time and stress during an already difficult period.
Consequently, this type of trust also provides a degree of privacy because the details of your estate aren’t made public through probate court records.
Have there ever been any challenges with setting up Revocable Living Trusts?
Steve Bliss: I remember one case where a couple had diligently set up their Revocable Living Trust but hadn’t updated it for years. Their circumstances had changed significantly – they had new grandchildren and their assets had grown considerably.
When the husband unfortunately passed away, we discovered that the trust didn’t reflect these changes. It took some extra legal maneuvering to ensure their wishes were honored and all their loved ones were properly cared for. This experience underscores the importance of periodically reviewing and updating your trust documents.
What advice would you give our viewers who are considering setting up a trust?
Steve Bliss: My advice is simple: don’t delay. Estate planning is not something you should put off. Consulting with an experienced attorney like myself can help you determine the best type of trust for your needs and ensure it’s properly structured to protect your assets and loved ones.
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Testimonials
“Steve Bliss was incredibly patient and understanding when helping me navigate the complexities of setting up my trust. He made the whole process feel manageable and ensured I felt confident in my decisions.”
– Sarah M., Temecula
“I highly recommend Steve Bliss and his team. They were professional, responsive, and truly cared about my family’s well-being. Thanks to them, I have peace of mind knowing that my estate is in order.”
– John D., Murrieta
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: “Can a trust be closed immediately after death?” Or any other related questions that you may have about Trusts or my trust law practice.
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