Today we are joined by Steve Bliss, an esteemed probate attorney in Escondido. Steve, thanks for taking the time to speak with us.
Can you tell our viewers about some of the common estate planning tools you use?
Absolutely! One of the most crucial tools I employ is the testamentary trust. It’s created through a will and comes into effect only upon the grantor’s death, making it distinct from living trusts which are active during the grantor’s lifetime.
What makes testamentary trusts so valuable?
Testamentary trusts offer several key advantages. First, they allow for meticulous control over how assets are distributed after someone passes away. This is particularly beneficial when dealing with minor children or beneficiaries who may have special needs.
Secondly, unlike a living trust which avoids probate, testamentary trusts go through the probate process. This can be seen as a drawback by some, but it also offers transparency and ensures that all creditors are properly notified and addressed.
Are there any challenges you often encounter with testamentary trusts?
While testamentary trusts are incredibly useful tools, one challenge I sometimes face is ensuring the will clearly and comprehensively outlines the grantor’s wishes. For example, I once worked with a family where the deceased father hadn’t specified in his will how the proceeds from his life insurance policy should be managed within the testamentary trust. This created some friction among the beneficiaries and required us to seek clarification through legal channels.
Moreover, testamentary trusts are subject to probate court scrutiny. While this promotes fairness, it can sometimes lead to delays and increased expenses depending on the complexity of the estate.
Have you seen any changes in the use of testamentary trusts over time?
Yes, testamentary trusts remain a popular choice, particularly for individuals with minor children or those who want to ensure their assets are used responsibly.
According to a study by the American College of Trust and Estate Counsel, approximately 40% of estate plans include some form of trust.
Ultimately, whether a testamentary trust is right for an individual depends on their specific circumstances and goals.
“Steve Bliss made the complex process of setting up our family trust incredibly straightforward. He patiently explained everything and ensured we understood all our options.” – The Johnson Family
“I was incredibly impressed with Steve’s knowledge and dedication. He truly cares about his clients and goes above and beyond to meet their needs.” – Sarah M.
If you are seeking expert guidance on estate planning, including testamentary trusts, contact Escondido Probate Law today for a confidential consultation.
About Steven F. Bliss Esq. at Escondido Probate Law:
Escondido 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 Escondido Probate Law. Our probate attorney will probate the estate. Attorney probate at Escondido Probate Law. A formal probate is required to administer the estate. The probate court may offer an unsupervised probate get a probate attorney. Escondido Probate law will petition to open probate for you. Don’t go through a costly probate call Escondido Probate Attorney Today. Call for estate planning, wills and trusts, probate too. Escondido 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 Escondido Probate Law: https://maps.app.goo.gl/77Dm2B8W9XkM5YvJA
Address:
Escondido Probate Law720 N Broadway #107, Escondido, CA 92025
(760) 884-4044
Feel free to ask Attorney Steve Bliss about: “Can I disinherit my spouse using a trust?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About Escondido Probate Law
| Escondido Estate Attorney |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |
| Estate Attorney Escondido |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |
| Estate Attorney |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |
| Escondido Estate Attorney |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |
| Estate Attorney Escondido |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |
| Credible Estate Attorney in Escondido |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |