Hello Moreno Valley and welcome to another segment of ‘Legal Matters’. I’m your host, Carla Davis, and today we have the pleasure of speaking with renowned probate attorney Steve Bliss of Moreno Valley Probate Law. Mr. Bliss, thanks for joining us.
Focusing on Trusts
Steve, let’s dive into estate planning. You work extensively with trusts. Can you shed some light on why they are crucial components of a well-rounded estate plan?
Steve: Carla, it’s a pleasure to be here. And you’re right, trusts play a vital role in safeguarding assets and ensuring your wishes are carried out after you’re gone. Today, I want to focus on Revocable Living Trusts. They are incredibly versatile and offer numerous benefits.
A Revocable Living Trust allows the grantor – the person creating the trust – to maintain control over their assets during their lifetime. They can add, remove, or change assets within the trust as needed. Consequently, this flexibility makes them ideal for evolving circumstances.
Moreover, a key advantage is avoiding probate. Probate is a court-supervised process that can be time-consuming and costly. Assets held in a Revocable Living Trust pass directly to beneficiaries according to your instructions, bypassing the probate process entirely. This not only saves time and money but also preserves privacy, as the details of the trust are not made public.
Conversely, if someone dies without a will or trust, their assets go through intestate succession, which is governed by state law. Often, this leads to unintended distributions, legal battles amongst family members, and significant delays in settling the estate.
Addressing Challenges
Steve, I imagine you’ve encountered some complex situations involving Revocable Living Trusts over your years of practice?
Steve: Absolutely. One case that comes to mind involved a couple who hadn’t updated their trust in decades. Their assets had grown considerably, and their family dynamics had shifted. They had two adult children from previous marriages and wanted to ensure each child received a fair share.
Because they hadn’t reviewed and amended their trust, the initial distribution plan no longer reflected their current desires. We worked closely with them to create amendments that addressed these changes, ensuring their wishes were honored and potential family conflicts were minimized.
Trusts: A Secure Foundation
Steve, can you provide some insights into the prevalence of trusts in estate planning?
Steve: Trusts have become increasingly popular. According to a 2021 survey by the American College of Trust and Estate Counsel, nearly 60% of Americans over the age of 55 have some form of trust incorporated into their estate plan. This underscores the growing recognition of the value and protection trusts offer.
Carla, at Moreno Valley Probate Law, we guide individuals through every step of establishing a Revocable Living Trust tailored to their specific needs. We believe everyone deserves peace of mind knowing their assets are secure and their loved ones will be cared for according to their wishes.
Client Testimonials
“Steve Bliss and his team made the entire estate planning process stress-free. They were patient, knowledgeable, and always available to answer my questions.” – Maria S.
“Moreno Valley Probate Law helped me create a trust that protected my family’s future. I highly recommend them to anyone looking for experienced and compassionate legal guidance.” – John L.
Take control of your legacy and ensure your wishes are honored. Contact Moreno Valley Probate Law today for a consultation and let us help you build a secure future for yourself and your loved ones.
About Steven F. Bliss Esq. at Moreno Valley Probate Law:
Moreno Valley Probate Law is an experienced probate attorney. The probate process has many steps in in probate proceedings. Beside Probate, estate planning and trust administration is offered at Moreno Valley Probate Law. Our probate attorney will probate the estate. Attorney probate at Moreno Valley Probate Law. A formal probate is required to administer the estate. The probate court may offer an unsupervised probate get a probate attorney. Moreno Valley Probate law will petition to open probate for you. Don’t go through a costly probate call Moreno Valley Probate Attorney Today. Call for estate planning, wills and trusts, probate too. Moreno Valley Probate Law is a great estate lawyer. Affordable Legal Services.
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 Moreno Valley Probate Law: https://maps.app.goo.gl/C7zg2U6pn1B6KyXN8
Address:
Moreno Valley Probate Law23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553
(951) 363-4949
Feel free to ask Attorney Steve Bliss about: “What is community property and how does it affect my trust?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About Moreno Valley Probate Law
| Moreno Valley Tax By-Pass Trust Lawyer |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Tax By-Pass Trust Lawyer Moreno Valley |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Tax By-Pass Trust Lawyer |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Tax By-Pass Trust Lawyer |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Tax By-Pass Trust Moreno Valley |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Credible Tax By-Pass Trust Lawyer in Moreno Valley |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |