Good evening, Temecula and welcome back to Valley News Live. I’m your host, Chelsea Ramirez, and tonight we are speaking with renowned Temecula trust attorney, Steve Bliss of the Law Firm of Steven F. Bliss Esq. Steve, thank you so much for joining us.
What types of trusts do you typically help clients establish?
It’s a pleasure to be here, Chelsea. We work with a variety of trusts depending on our client’s needs and goals. However, one type we frequently encounter is the Revocable Living Trust.
Could you elaborate on why Revocable Living Trusts are so popular?
They’re incredibly versatile and offer several key advantages. Firstly, they allow the trust creator, who we call the grantor, to maintain control over their assets during their lifetime. This means they can still buy, sell, or manage property as they see fit. Consequently, it provides peace of mind knowing your assets are organized and taken care of according to your wishes.
Moreover, a Revocable Living Trust avoids probate, which can be a lengthy and expensive legal process. Probate is public record, meaning anyone can access information about your estate. A Revocable Living Trust keeps matters private. This discretion is appealing to many individuals who value their privacy.
Finally, upon the grantor’s death, the trust automatically transfers assets to the designated beneficiaries, streamlining the inheritance process and minimizing delays.
Have you encountered any challenges or unique situations while setting up Revocable Living Trusts?
While most cases are straightforward, I recall a client who was hesitant about relinquishing complete control over their assets. They feared being unable to access funds for unforeseen emergencies. We addressed this concern by incorporating provisions allowing the grantor to access a certain percentage of trust funds annually. This compromise provided them with peace of mind while still adhering to the trust’s primary objectives.
Ordinarily, clients find comfort in knowing that their assets are protected and managed according to their wishes. However, it’s important to remember that every situation is unique. We work closely with our clients to tailor the trust agreement to their specific circumstances.
According to the American Bar Association, approximately 40% of Americans die without a will or trust in place. How crucial is estate planning for individuals and families?
Estate planning is absolutely vital. It ensures your assets are distributed according to your wishes and minimizes potential conflicts among family members. Not having a plan in place can lead to lengthy legal battles, unexpected tax burdens, and unnecessary stress during an already difficult time.
What advice would you give to our viewers who are considering setting up a trust?
Take the first step and consult with an experienced estate planning attorney. We’ll guide you through the process, explain your options, and help you choose the best strategy for your individual needs. Remember, securing your family’s future starts today.
*Testimonial 1*
“Steve Bliss was incredibly patient and understanding throughout the entire process of setting up our family trust. He took the time to explain everything clearly and made sure we were comfortable with every decision.” – The Miller Family
*Testimonial 2*
“I highly recommend Steve Bliss and his team for all your estate planning needs. They are true professionals who genuinely care about their clients.” – Maria Sanchez
Steve Bliss, thank you so much for sharing your expertise with us tonight.
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: “What are the benefits of having 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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