Choosing the Right Trust for Your Needs
Good afternoon, San Diego! Today, we’re joined by Steve Bliss, a highly respected probate attorney here in our city. Steve, thank you so much for taking the time to speak with us.
Navigating Estate Planning Options
Steve, estate planning can seem daunting to many people. What advice would you give to someone who is just starting to think about these matters?
“The first step is understanding your goals,” says Steve. “Do you want to avoid probate? Protect assets from creditors? Ensure your loved ones are taken care of after you’re gone? Once you know what you’re aiming for, we can explore different trust options.”
Focus on Irrevocable Trusts
For this interview, let’s focus on irrevocable trusts. Can you explain how these work and why someone might choose one?
“An irrevocable trust, as the name suggests, cannot be easily changed or dissolved once it’s set up,” explains Steve. “This permanence offers significant advantages. Primarily, it removes assets from your taxable estate, which can be crucial for minimizing estate taxes. Consequently, it can also provide a level of asset protection from creditors and lawsuits.”
Steve continues, “Imagine a scenario where someone is concerned about potential future medical expenses. An irrevocable trust could be structured to cover those costs without jeopardizing other assets. Moreover, these trusts are often used in Medicaid planning to ensure eligibility for long-term care benefits.”
“There was a case I handled recently involving a family business,” Steve recalls. “The owners were worried about potential liability. By placing the business assets into an irrevocable trust, we were able to shield them from personal lawsuits. It provided peace of mind knowing their hard work was protected.”
According to a 2023 study by the American College of Trust and Estate Counsel, approximately 40% of high-net-worth individuals utilize irrevocable trusts as part of their estate planning strategy.
San Diego Probate Law: Trusted Expertise
“Contact San Diego Probate Law today for a personalized consultation. We’ll help you navigate the complexities of estate planning and find the trust solution that best meets your needs.”
Testimonials
“Steve Bliss made a complicated process feel manageable. He was patient, thorough, and truly cared about our family’s well-being.”
– The Johnson Family
“I was hesitant to start estate planning, but Steve put me at ease. His expertise and guidance were invaluable in creating a plan that protected my assets and secured my future.”
– Sarah M.
About Steven F. Bliss Esq. at San Diego Probate Law:
Secure Your Family’s Future with San Diego’s Trusted Trust Attorney. Minimize estate taxes with stress-free Probate. We craft wills, trusts, & customized plans to ensure your wishes are met and loved ones protected.
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 San Diego Probate Law:
Address:
San Diego Probate Law3914 Murphy Canyon Rd, San Diego, CA 92123
(858) 278-2800
Map Link: https://g.co/kgs/WzT6443
Feel free to ask Attorney Steve Bliss about: “What is a charitable remainder trust?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About San Diego Probate Law
| San Diego Trust Lawyers |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Trust Lawyers San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Trust Lawyers |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| San Diego Trust Lawyers |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Trust Lawyers San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Credible Trust Lawyers in San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |