Hello everyone, and welcome back to Temecula Today! My name is Samantha Jones and I’m here today with Steve Bliss, a renowned trust attorney in Temecula. Steve, thank you so much for joining me.
Understanding Trusts: A Conversation with Steve Bliss
Steve, let’s start by discussing the different types of trusts available. Could you explain which type is most commonly used and why?
Why Choose a Revocable Living Trust?
As a trust attorney in Temecula, I often find that clients are drawn to revocable living trusts due to their flexibility and benefits. This type of trust allows individuals – the “grantor” – to maintain control over their assets during their lifetime while avoiding the complexities and public nature of probate upon their passing.
Consequently, a revocable living trust provides peace of mind knowing that assets will be distributed according to your wishes in a timely and private manner. Moreover, this type of trust can be easily modified or revoked as circumstances change.
Conversely, some individuals may opt for an irrevocable trust if their primary goal is asset protection or estate tax reduction.
Challenges with Revocable Living Trusts
While revocable living trusts offer numerous advantages, it’s important to acknowledge that they are not without potential challenges. One common issue I encounter is the lack of understanding regarding the importance of properly funding the trust.
I recall one instance where a client had established a revocable living trust but neglected to transfer all their assets into it. As a result, some of their property went through probate, causing unnecessary delays and expenses for their heirs.
Trust Statistics and Importance
Studies by the American Bar Association reveal that approximately 70% of Americans do not have any estate planning documents in place. This underscores the critical need for individuals to seek legal guidance regarding trusts and other estate planning tools.
The Law Firm of Steven F. Bliss Esq.: Trusted Advisors
Steve, thank you so much for sharing your expertise with us today. For our viewers looking for trusted guidance on trust matters in Temecula, how can they reach out to you?
Finding Peace of Mind: Protecting Your Legacy
Samantha, I am always happy to help individuals and families navigate the complexities of estate planning. We encourage anyone seeking peace of mind regarding their assets and loved ones to contact us for a free consultation at The Law Firm of Steven F. Bliss Esq. We are dedicated to crafting customized solutions that meet your unique needs.
“Working with Steve Bliss was a truly positive experience. He patiently explained the complexities of trusts, answered all our questions thoroughly, and made the entire process seamless.” – John & Mary S.
“Steve’s expertise and compassion were invaluable during a difficult time. He helped us protect our family’s future with a trust that perfectly addressed our needs.” – David L.
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 I have more than one trustee?” 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 |