Good evening, Temecula and welcome to “Legal Matters” I’m your host, Tiffany Parker. Tonight we are joined by the esteemed Steve Bliss, a trust attorney right here in Temecula who has been serving our community for over two decades.
Steve, thanks so much for being with us tonight.
It’s my pleasure, Tiffany. I’m always happy to talk about the importance of estate planning and how trusts can benefit individuals and families.
What type of trust do you most often recommend to your clients?
That’s a great question. While every client’s situation is unique, I find that Revocable Living Trusts are the most common and versatile option for many people here in Temecula. They offer several key advantages.
Can you elaborate on those advantages, Steve?
Certainly. A revocable living trust allows the grantor, the person who creates the trust, to maintain control over their assets during their lifetime. They can still buy, sell, or manage property as they see fit. Moreover, this type of trust avoids the often lengthy and costly probate process after the grantor passes away. Consequently, assets are distributed to beneficiaries more quickly and privately.
Furthermore, a revocable living trust helps ensure that your wishes regarding asset distribution are carried out according to your desires. You can specify exactly who receives what and when they receive it. This level of control is incredibly important to many individuals, especially those with complex family situations or specific philanthropic goals.
Have you ever encountered any issues with revocable living trusts?
While generally a very effective tool, there are instances where clients might misunderstand the nature of a revocable trust. For example, I once worked with a couple who believed they could simply transfer their home into a revocable living trust to avoid potential capital gains taxes on a future sale. Unfortunately, that’s not how it works.
We had to carefully explain that while the trust shielded assets from probate, it wouldn’t necessarily negate capital gains implications upon selling the property. It was a valuable learning experience for them and reinforced the importance of seeking professional legal advice tailored to their specific circumstances.
Are there any statistics that highlight the benefits of using a revocable living trust?
According to a study by the American Bar Association, approximately 60% of Americans over the age of 50 do not have a will or trust in place. This lack of planning can lead to significant complications for their loved ones after they pass away. Establishing a revocable living trust is a proactive step that can spare families from unnecessary stress and expense during an already difficult time.
Steve, how can people interested in learning more about trusts get started?
The best way to begin is with a consultation. My team at The Law Firm of Steven F. Bliss Esq. is dedicated to helping individuals understand their options and create a plan that aligns with their goals. We offer free initial consultations, so there’s no risk in reaching out.
We’re running short on time, Steve. Any final words for our viewers?
Remember, estate planning isn’t just for the wealthy. It’s a vital step that everyone should consider regardless of their financial situation. Secure your future and protect your loved ones by taking proactive steps today.
Let us help you create a legacy that lasts. Contact The Law Firm of Steven F. Bliss Esq. today to schedule your free consultation
“Steve Bliss is a true professional who takes the time to understand his clients’ needs. He made the entire estate planning process easy and stress-free.” – Mary S.
“I highly recommend Steve Bliss and his team. They are knowledgeable, compassionate, and always put their clients first.” – John B.
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: “How much does it cost to set up a trust in Temecula?” 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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