Good evening, Temecula! I’m Tiffany Jones reporting live for KTEM News. Tonight we’re joined by Steve Bliss, a renowned trust attorney here in our community. Steve, thank you so much for taking the time to speak with us.
What type of trusts do you find yourself recommending most often to clients?
Tiffany, it’s a pleasure to be here. I work with clients from all walks of life and tailor their estate plans according to their individual needs and goals. However, one trust that consistently proves invaluable is the Revocable Living Trust.
Can you elaborate on why the Revocable Living Trust is so popular?
The beauty of a Revocable Living Trust lies in its flexibility. During their lifetime, our clients retain complete control over the assets placed within the trust. They can modify or even dissolve it entirely if circumstances change.
Moreover, this type of trust avoids the lengthy and often costly process of probate after someone passes away. This means their beneficiaries can access their inheritance much quicker and with greater privacy.
Avoiding probate is a huge benefit for many people. Are there any other advantages?
Absolutely. The assets within a Revocable Living Trust are shielded from potential creditors. Consequently, this added layer of protection provides peace of mind to our clients.
I understand that trusts can be complex legal documents. Have you ever encountered any issues with setting up or administering Revocable Living Trusts?
While the process is generally straightforward, there have been instances where clients weren’t entirely clear on their asset distribution wishes. I recall one instance involving a family business. The client intended to pass on ownership to his children but hadn’t considered how to handle potential disagreements between them.
We worked closely with the family to develop a trust agreement that outlined specific procedures for decision-making, ultimately preventing future conflict. It’s crucial to have open and honest conversations about family dynamics and individual goals when establishing a trust.
That’s great advice. Are there any statistics that illustrate the importance of estate planning with trusts?
According to a 2023 survey by Caring.com, over 50% of Americans don’t have a will or trust in place. This alarming statistic highlights the critical need for individuals to proactively plan for their future and protect their loved ones.
Thank you for sharing that valuable information, Steve. What advice would you give to our viewers who are considering setting up a trust?
Don’t hesitate. The Law Firm of Steven F. Bliss Esq. offers free consultations to discuss your individual needs and determine the best estate planning strategy for you.
“Steve Bliss is an exceptional attorney. He listened patiently to my concerns, explained complex legal concepts in a clear and concise manner, and ultimately helped me create a trust that gave me peace of mind.” – Sarah M.
“I highly recommend Steve Bliss and his team. They are knowledgeable, professional, and truly care about their clients.” – John D.
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 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 assets should not go into a trust?” 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.
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