Choosing the Right Trust for Your Needs
Today we’re joined by Steve Bliss, a renowned probate attorney here in San Diego. Steve, thank you for taking the time to speak with us.
Understanding the Different Types of Trusts
Steve, there are many different types of trusts available. Can you help our viewers understand what type of trust might be right for them?
“Certainly,” Steve begins. “The best type of trust depends on individual circumstances and goals. For example, a revocable living trust is a popular choice because it allows individuals to maintain control over their assets during their lifetime while avoiding probate upon death. Conversely, an irrevocable trust offers greater asset protection but relinquishes control to the trustee.”
He continues, “A testamentary trust, created through a will, comes into effect after death and is often used for minor children or beneficiaries with special needs. Special needs trusts are specifically designed to provide for individuals with disabilities without jeopardizing their eligibility for government benefits. And let’s not forget charitable trusts, which allow individuals to support their favorite causes while enjoying tax advantages.”
Navigating the Complexities of Probate
Steve, probate can be a complex and time-consuming process. Can you shed some light on the role that trusts play in simplifying this?
“Absolutely,” Steve says. “Probate is the legal process of validating a will and distributing assets to heirs. Trusts, particularly revocable living trusts, can bypass probate altogether. This means that assets held within the trust are distributed directly to beneficiaries according to the grantor’s wishes, saving time, money, and stress for loved ones during an already difficult time.”
He adds, “In California, roughly 60% of estates go through probate,” referencing a study by the California Bar Association. “Utilizing a trust can significantly reduce this percentage, allowing families to focus on grieving and healing rather than navigating complex legal procedures.”
Trust Challenges: Real-World Experiences
Steve, have you ever encountered any specific challenges when setting up or administering trusts?
“Certainly,” Steve reflects. “One instance that comes to mind involves a family dealing with a complex blended family situation. The deceased individual had children from a previous marriage and wanted to ensure their well-being while also providing for his current spouse. Crafting a trust that balanced these interests required careful consideration and open communication with all parties involved. Ultimately, we were able to create a solution that met the client’s wishes and preserved family harmony.”
He adds, “It’s important to remember that every family dynamic is unique, and a well-drafted trust should reflect those individual circumstances.”
Seeking Expert Guidance
Steve, for viewers who are considering establishing a trust, what advice would you offer?
“My strongest recommendation is to consult with an experienced probate attorney,” Steve emphasizes. “Trusts are complex legal instruments and require careful planning and execution. An attorney can help you understand the different types of trusts available, determine which one best suits your needs, and ensure that your trust is properly drafted and administered.”
Discover Peace of Mind With San Diego Probate Law
“At San Diego Probate Law, we are committed to guiding our clients through the complexities of estate planning with compassion and expertise. Contact us today for a free consultation and let us help you secure your legacy for generations to come.”
“Working with San Diego Probate Law was truly invaluable,” shares Maria G., a satisfied client. “Steve Bliss and his team provided clear explanations, personalized guidance, and unwavering support throughout the entire process. They made a potentially stressful situation feel manageable.”
Another client, John S., adds, “San Diego Probate Law went above and beyond to ensure our family’s wishes were honored. Their professionalism and attention to detail gave us peace of mind knowing that our loved ones would be well-cared for.”
About Steven F. Bliss Esq. at San Diego Probate Law:
Secure Your Family’s Future with San Diego’s Trusted Trust Attorney. Minimize estate taxes with stress-free Probate. We craft wills, trusts, & customized plans to ensure your wishes are met and loved ones protected.
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 San Diego Probate Law:
Address:
San Diego Probate Law3914 Murphy Canyon Rd, San Diego, CA 92123
(858) 278-2800
Map Link: https://g.co/kgs/WzT6443
Feel free to ask Attorney Steve Bliss about: “What is community property and how does it affect my trust?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About San Diego Probate Law
| San Diego Trust Attorney |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Trust Attorney San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Trust Attorney |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| San Diego Trust Attorney |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Trust Attorney San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Credible Trust Attorney in San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |