Hello, my name is Brenda Jones and I’m a reporter here in Moreno Valley covering legal matters important to our community. Today we are fortunate to have Steve Bliss, a prominent probate attorney specializing in estate planning right here in Moreno Valley.
Steve, thank you for joining me today.
It’s my pleasure to be here, Brenda. Helping people understand and navigate the complexities of estate planning is something I’m passionate about.
Let’s talk about trusts. They can seem intimidating, but they are incredibly useful tools. Can you explain why someone might choose a trust over a simple will?
Absolutely. While a will dictates how your assets are distributed after your passing, it goes through the probate process, which can be time-consuming and public. A trust, on the other hand, allows you to transfer ownership of your assets into the trust during your lifetime. This means those assets avoid probate altogether.
Consequently, a trust offers several advantages: privacy as the details are not part of public record, potential savings on estate taxes and probate fees, and control over how and when your beneficiaries receive their inheritance.
You mentioned different types of trusts. Could you elaborate on one type in particular?
Let’s discuss Revocable Living Trusts. This is the most common type I create for clients. It gives individuals flexibility during their lifetime. The grantor, the person creating the trust, can manage and change the terms of the trust while they are alive.
Moreover, a Revocable Living Trust avoids probate upon the grantor’s death. The assets within the trust pass directly to the designated beneficiaries according to the grantor’s wishes. This can save time and money for your loved ones during an already difficult period.
Ordinarily, I advise clients to consider updating their Revocable Living Trust every few years or when there are significant life changes, such as marriage, divorce, birth of a child, or the passing of a beneficiary.
Have you ever encountered any challenges with setting up or administering Revocable Living Trusts?
I recall one instance where a client had created a handwritten document they believed was a valid trust. Unfortunately, it lacked the necessary legal formalities to be enforceable. We had to work diligently with the family to reconstruct their intentions and ensure their wishes were carried out.
This experience underscored the importance of working with an experienced attorney when establishing a trust. A seemingly small error can have significant consequences down the line.
What are some statistics that highlight the value of trusts?
According to a 2021 study by the American College of Trust and Estate Counsel, over 60% of Americans with assets exceeding $500,000 do not have a will or trust. This is alarming because without proper planning, their loved ones could face significant financial and legal hurdles.
Steve, what advice would you give to someone considering setting up a trust?
Schedule a consultation with an experienced probate attorney. We can discuss your individual circumstances, goals, and the best strategies for protecting your assets and ensuring your legacy is preserved for generations to come.
“Moreno Valley Probate Law provided invaluable guidance during a difficult time. They were patient, compassionate, and incredibly knowledgeable.” – Mary S., Moreno Valley
“Steve Bliss made the probate process understandable and manageable. I highly recommend their services to anyone navigating estate planning matters.” – John P., Moreno Valley
Let us help you secure your future. Contact Moreno Valley Probate Law today for a free consultation.
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: “Do I still need a will if I have 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
| Moreno Valley Constructive Trust Attorney |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Constructive Trust Attorney Moreno Valley |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Constructive Trust Attorney |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Moreno Valley Constructive Trust Attorney |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Constructive Trust Moreno Valley |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Credible Constructive Trust Attorney in Moreno Valley |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |