Meet Steve Bliss
Hello Escondido and welcome back to our legal segment. Today we’re talking with local probate attorney Steve Bliss from Escondido Probate Law about estate planning and how testamentary trusts can play a vital role in protecting your loved ones.
What is a Testamentary Trust?
Steve, for those unfamiliar with the term, could you explain what a testamentary trust is?
“A testamentary trust is created through a will and only comes into effect after the grantor, the person who creates the trust, passes away,” Steve explains. “Unlike living trusts that avoid probate, testamentary trusts go through this court process. However, they offer unique advantages, particularly when it comes to protecting minor children or beneficiaries with special needs.”
Benefits for Minor Children
Steve elaborates on the benefits for minors: “Imagine a parent who wants to ensure their child’s financial well-being even after they’re gone. A testamentary trust can be structured to provide for the child’s education, living expenses, and other needs until they reach a certain age. This safeguards the inheritance from being squandered or misused while the child is still maturing.”
He continues, “Moreover, testamentary trusts offer a level of control that wouldn’t be possible with a simple will. You can specify how the funds are distributed, at what intervals, and even set conditions for accessing them. For example, you could stipulate that your child must graduate from college before receiving a portion of the inheritance.”
Special Needs Planning
“Testamentary trusts are also invaluable tools for families with loved ones who have disabilities,” Steve emphasizes. “By establishing a special needs trust, you can ensure that your beneficiary receives ongoing financial support without jeopardizing their eligibility for crucial government benefits like SSI or Medi-Cal.”
Overcoming Potential Challenges
Steve recounts a poignant experience: “I once worked with a family whose daughter had cerebral palsy. They were deeply concerned about her future care after they were gone. We created a testamentary trust specifically designed to cover her medical expenses, therapy costs, and living arrangements while preserving her access to vital government programs.”
“It was incredibly rewarding to see the peace of mind this brought them. Knowing their daughter would be financially secure, even after they were no longer there to provide for her, meant the world to them.”
Seeking Expert Guidance
Steve reminds viewers that navigating the complexities of estate planning can be daunting. “It’s crucial to consult with an experienced probate attorney who understands the nuances of testamentary trusts and other legal tools. They can help you craft a plan tailored to your specific needs and ensure your wishes are carried out according to your vision.”
He concludes, “Remember, planning for the future is not just about protecting your assets; it’s about safeguarding the well-being of those you love most. Let us help you create a legacy that endures.”
Testimonials
“Steve Bliss and his team at Escondido Probate Law were exceptional. They guided me through every step of the probate process with compassion and expertise. I highly recommend them to anyone dealing with estate matters.”
– Maria S.
“I was overwhelmed after losing my father, but Steve made the probate process much easier to understand. He answered all my questions patiently and ensured everything was handled smoothly. His professionalism and empathy were truly appreciated.”
– John P.
Let us help you craft a plan for your future – contact Escondido Probate Law today.
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: “What are common reasons people challenge a trust?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About Escondido Probate Law
| Special Needs Trust | Totten Trust | Asset Protection Trust |
| Spendthrift Trust | Constructive Trust | Irrevocable Trust |
| Tax By-Pass Trust | Charitable Trust | Living Trust |