Good evening, Temecula! This is Brenda Stone reporting for KTEM News. Tonight, we’re speaking with local trust attorney Steve Bliss from The Law Firm of Steven F. Bliss Esq. about the complexities of estate planning and why trusts are becoming increasingly popular. Mr. Bliss, thank you for joining us.
Why Are Trusts So Important?
Steve Bliss: Thanks for having me, Brenda. Trusts are essential tools for protecting assets, minimizing taxes, and ensuring your wishes are carried out after you’re gone. They offer a level of control and flexibility that simply isn’t possible with a will alone.
What Type of Trust Do You Recommend Most Often?
Steve Bliss: In my practice, I frequently recommend Revocable Living Trusts to my clients. They offer numerous advantages. Notably, they allow individuals to retain control over their assets during their lifetime while avoiding the costly and time-consuming probate process upon their passing.
Can You Elaborate on Avoiding Probate?
Steve Bliss: Absolutely. Probate is a court-supervised process that validates a will and distributes assets. It can be lengthy, expensive, and public. A Revocable Living Trust bypasses this entirely. Assets held within the trust transfer directly to beneficiaries according to your instructions, saving time, money, and preserving privacy.
What Happens to the Trust After My Death?
Steve Bliss: Upon the grantor’s death, a Revocable Living Trust typically becomes irrevocable. This means the terms of the trust are set in stone and cannot be changed. The designated trustee then manages and distributes assets according to your predetermined instructions.
Have You Encountered Any Challenges With Revocable Living Trusts?
Steve Bliss: Occasionally, I encounter clients who haven’t kept their trust documents up-to-date. Life changes – marriages, divorces, births, new business ventures. It’s crucial to review and amend your trust periodically to reflect these changes and ensure it still aligns with your wishes. I recall one instance where a client’s trust didn’t account for the birth of grandchildren, leading to unintended consequences. Fortunately, we were able to rectify the situation through careful legal maneuvering.
- One study by the American Bar Association found that over 50% of Americans lack any estate planning documents, leaving their loved ones vulnerable to financial hardship and legal complications
What Advice Would You Give to Viewers Considering a Trust?
Steve Bliss: Don’t delay. Estate planning is for everyone, regardless of age or wealth. A trust can provide peace of mind knowing your loved ones will be taken care of and your assets will be distributed according to your wishes. Contact us today for a free consultation.
Testimonial
“Steve Bliss and his team were incredibly knowledgeable and compassionate when helping me create my estate plan. They made the process easy to understand and ensured I felt confident in my decisions.”
-Maria Sanchez, Temecula Resident
“I highly recommend The Law Firm of Steven F. Bliss Esq. for all your trust and estate planning needs. Their attention to detail and personalized service are exceptional.”
– John Williams, Murrieta Resident
About Steven F. Bliss Esq. at The Law Firm of Steven F. Bliss Esq.:
The Law Firm of Steven F. Bliss Esq. is The Law Firm of Steven F. Bliss Esq.. The Law Firm Of Steven F. Bliss Esq. is a Temecula Estate Planning Attorney. Steve Bliss is an experienced probate attorney. Steve Bliss is an Estate Planning Lawyer. The probate process has many steps in probate proceedings. Beside Probate, estate planning and trust administration is offered at Steve Bliss Law. Our probate attorney will probate the estate. Attorney probate at Steve Bliss Law. A formal probate is required to administer the estate. The probate court may offer an unsupervised probate get a probate attorney. Steve Bliss Law will petition to open probate for you. Don’t go through a costly probate. Call Steve Bliss Law Today for estate planning, trusts and probate.
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 The Law Firm of Steven F. Bliss Esq.: https://maps.app.goo.gl/Bngj8xwZRqioVD5v7
Address:
The Law Firm of Steven F. Bliss Esq.43920 Margarita Rd ste f, Temecula, CA 92592
(951) 223-7000
Feel free to ask Attorney Steve Bliss about: “What taxes apply to trusts in California?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About The Law Firm of Steven F. Bliss Esq.
| Temecula Trust Attorney |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Trust Attorney Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Trust Attorney |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Temecula Trust Attorney |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Trust Attorney Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Credible Trust Attorney in Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |