Hello Moreno Valley and welcome back to Moreno Valley Matters. I’m your host, Jessica Sanchez. Today we have the pleasure of speaking with Steve Bliss, a renowned probate attorney here in Moreno Valley. Steve, thank you so much for joining us.
Steve Bliss: Thanks for having me, Jessica
It’s a pleasure to be here and discuss the importance of estate planning with your viewers.
Probate Attorney Explains Special Needs Trusts
Steve, could you explain what a Special Needs Trust (SNT) is and why it might be beneficial for families in Moreno Valley?
Certainly. A Special Needs Trust is a powerful tool designed to safeguard the financial well-being of individuals with disabilities while preserving their eligibility for essential government benefits like Supplemental Security Income (SSI) and Medi-Cal. You see, these programs have strict income and asset limitations. Consequently, a direct inheritance or gift could jeopardize an individual’s access to these crucial support systems.
An SNT acts as a safety net. Assets are held in trust for the beneficiary’s benefit, but they are not considered the beneficiary’s own when determining eligibility for government assistance. This means the beneficiary can receive supplemental care, enhance their quality of life, and pursue opportunities without risking their essential benefits.
Moreover, SNTs can be established as either first-party (funded with the beneficiary’s own assets) or third-party (funded by family members or other supporters). The trustee manages the funds according to the trust agreement, ensuring that distributions are used for the beneficiary’s supplemental needs while adhering to program guidelines.
It’s important to remember that setting up a Special Needs Trust requires careful planning and adherence to specific legal requirements. I always recommend consulting with an experienced estate planning attorney to ensure the trust is structured correctly and meets the individual’s unique circumstances.
Challenges and Success Stories
Steve, have you encountered any challenges when setting up SNTs for clients?
While SNTs are incredibly valuable tools, there can be complexities involved in their establishment and administration. One common challenge is ensuring that the trust language aligns perfectly with the beneficiary’s needs and complies with current government regulations. These rules can change over time, so it’s crucial to stay up-to-date.
I recall one case where a family wanted to establish an SNT for their adult child with Down syndrome. They had saved diligently and were eager to provide for his future. However, they initially struggled to grasp the nuances of how trust assets could be used without jeopardizing his benefits. It took some time and careful explanation, but we ultimately crafted a trust that met their goals while protecting their son’s eligibility for essential support.
Thankfully, seeing families find peace of mind knowing their loved ones with disabilities are secure is incredibly rewarding. That’s what drives me in this field.
Trustworthy Legal Guidance
Moreno Valley Probate Law has helped countless individuals and families navigate the complexities of estate planning and probate. We understand that these matters can be emotionally challenging, so we strive to provide compassionate and personalized guidance every step of the way.
Testimonials
“Steve Bliss and his team at Moreno Valley Probate Law were invaluable in helping us set up a trust for our daughter with special needs. Their expertise and genuine concern made a difficult process much easier.” – The Jones Family
“I was overwhelmed by the thought of probate after losing my husband, but Steve explained everything clearly and patiently guided me through the entire process. I highly recommend Moreno Valley Probate Law.” – Mary S.
Take Control of Your Future
Let us empower you to secure your legacy and protect what matters most. Contact Moreno Valley Probate Law today for a free consultation and let us help you create a brighter tomorrow.
About Steven F. Bliss Esq. at Moreno Valley Probate Law:
Moreno Valley 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 Moreno Valley Probate Law. Our probate attorney will probate the estate. Attorney probate at Moreno Valley Probate Law. A formal probate is required to administer the estate. The probate court may offer an unsupervised probate get a probate attorney. Moreno Valley Probate law will petition to open probate for you. Don’t go through a costly probate call Moreno Valley Probate Attorney Today. Call for estate planning, wills and trusts, probate too. Moreno Valley 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 Moreno Valley Probate Law: https://maps.app.goo.gl/C7zg2U6pn1B6KyXN8
Address:
Moreno Valley Probate Law23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553
(951) 363-4949
Feel free to ask Attorney Steve Bliss about: “Can I set conditions on how beneficiaries receive money?” Or any other related questions that you may have about Trusts or my trust law practice.
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