Good evening Moreno Valley and welcome back to our segment on Estate Planning. My name is Brenda Jones and tonight we have a very special guest joining us. Steve Bliss is a renowned Probate Attorney right here in Moreno Valley, with years of experience helping families navigate the often-complex world of estate planning.
Steve, thank you so much for being here tonight. Let’s dive right in. Many people are unfamiliar with the various types of trusts available. Could you explain one type that might be particularly beneficial for our viewers?
It’s a pleasure to be here Brenda. You’re absolutely right, there are many different types of trusts, each serving unique purposes. One that I frequently recommend to my clients is the Revocable Living Trust.
A Revocable Living Trust allows individuals to maintain control over their assets during their lifetime while simultaneously planning for the future. They can continue to manage and even change the trust’s terms as needed, offering flexibility and peace of mind.
Consequently, upon the grantor’s passing, the trust seamlessly transitions ownership of assets to designated beneficiaries, bypassing the often lengthy and costly probate process. This privacy element is a significant advantage for many families who wish to keep their financial affairs confidential.
Moreover, a Revocable Living Trust can be structured to address various needs, such as providing for minor children, managing assets for individuals with special needs, or ensuring that charitable intentions are carried out.
That’s incredibly helpful information, Steve. Have you encountered any challenges when implementing Revocable Living Trusts for your clients?
While Revocable Living Trusts offer significant benefits, there can be occasional hurdles. For example, I once worked with a family who had extensively documented their wishes within the trust but neglected to properly fund it. This meant that assets outside the trust were subject to probate, defeating the purpose of setting up the trust in the first place.
It was a valuable lesson for me and for the family, highlighting the importance of meticulous planning and execution. Thankfully, we were able to resolve the situation through careful legal maneuvering. Nevertheless, it underscored the need for ongoing communication and review with clients to ensure their trusts remain aligned with their evolving needs and circumstances.
According to a study by the American Bar Association, over 60% of Americans do not have a will or trust in place. This demonstrates the crucial need for estate planning professionals who can guide individuals through the process and help them avoid potential pitfalls.
Steve, what would you say is the most rewarding aspect of your work?
“Seeing families find peace of mind knowing that their affairs are in order is incredibly fulfilling. I recall working with a widower who was overwhelmed with grief and the daunting task of settling his late wife’s estate. Through careful planning and compassionate guidance, we were able to navigate the complexities of probate smoothly and efficiently.
He expressed profound gratitude for our support during such a difficult time. Those moments remind me why I do what I do – providing clarity, security, and peace of mind for families facing life’s transitions.”
Thank you so much for sharing your insights with us tonight, Steve. How can our viewers connect with Moreno Valley Probate Law?
“We encourage anyone interested in learning more about estate planning or Revocable Living Trusts to contact us for a complimentary consultation. Our team is dedicated to providing personalized guidance and support tailored to each individual’s unique circumstances.
Testimonials:
“Moreno Valley Probate Law made the entire process of setting up my trust so easy and understandable. They answered all my questions patiently and helped me feel confident in my decisions.”
– John S., Moreno Valley Resident
“After losing my parents, I was overwhelmed with grief and unsure how to handle their estate. Steve Bliss and his team were incredibly compassionate and knowledgeable, guiding me through every step with professionalism and care.”
– Mary T., Riverside County
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: “How do I transfer my business into a trust?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About Moreno Valley Probate Law
| Special Needs Trust | Totten Trust | Asset Protection Trust |
| Spendthrift Trust | Constructive Trust | Irrevocable Trust |
| Tax By-Pass Trust | Charitable Trust | Living Trust |