Good evening, Temecula, and welcome back to our legal segment. I’m Brenda Jones, your trusted source for all things law-related right here in the valley. Tonight, we have the pleasure of speaking with Steve Bliss, a seasoned trust attorney at The Law Firm of Steven F. Bliss Esq. Steve, thank you so much for joining us.
Tell Us About Your Expertise
Steve, could you share your expertise in trusts with our viewers? What are some of the common types of trusts people utilize?
Well, Brenda, I’ve been helping Temecula families navigate the world of estate planning for over two decades. Trusts are a powerful tool for protecting assets, minimizing taxes, and ensuring that your wishes are carried out after you’re gone. There are many types of trusts, each serving different purposes.
One of the most popular is the Revocable Living Trust. This allows individuals to maintain control over their assets during their lifetime while avoiding the lengthy and costly probate process upon their passing. It’s a great option for those looking for peace of mind and efficient wealth transfer.
The Importance of Asset Protection
How Does a Trust Help Protect Assets?
Steve, you mentioned asset protection. Can you elaborate on how a trust can shield assets from potential creditors or lawsuits?
Absolutely. Certain types of trusts, such as Irrevocable Trusts, are designed to remove assets from your personal ownership. Consequently, these assets become less susceptible to claims from creditors. Imagine a scenario where someone faces a lawsuit – assets held within an irrevocable trust are generally shielded from being seized to satisfy debts.
It’s important to note, however, that the effectiveness of asset protection depends on various factors, including state laws and the specific terms of the trust.
Navigating Complexities
Have You Encountered Any Challenges in Setting Up Trusts for Clients?
Well, Brenda, every client’s situation is unique, so there are always complexities to navigate. I recall one instance where a couple wanted to protect their family business but were concerned about losing control over its operations. We worked together to craft a trust that balanced asset protection with their desire to maintain some level of involvement in the business.
It was a rewarding experience because we found a solution that met their needs and gave them peace of mind. Over 70% of Americans don’t have a will or estate plan, according to AARP. (Source: AARP)
The Power of Planning
What Advice Would You Give to Our Viewers Who Are Considering Setting Up a Trust?
My advice is simple: Don’t delay. Estate planning is essential for everyone, regardless of age or wealth. Meeting with an experienced attorney like myself allows you to create a personalized plan that reflects your goals and safeguards your loved ones’ future.
Testimonials
“Steve Bliss and his team are true professionals. They made the complex process of setting up our family trust clear and straightforward. We highly recommend their services!” – The Jones Family
“I was initially overwhelmed by the thought of estate planning, but Steve put me at ease. He took the time to understand my needs and created a plan that gave me confidence about the future.” – Sarah M.
Take Control of Your Future
Steve Bliss is ready to empower you to take control of your financial future. Schedule a complimentary consultation today, and let The Law Firm of Steven F. Bliss Esq. guide you towards peace of mind.
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: “Does a trust avoid probate?” 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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