Good evening, Moreno Valley, and welcome to our segment on estate planning. I’m Jessica Ramirez with Channel 7 News, and we’re here tonight with Steve Bliss, a prominent probate attorney serving the Moreno Valley community. Steve, thanks for joining us.
Understanding Trusts: A Cornerstone of Estate Planning
Steve, let’s delve into the world of trusts. They are often mentioned in estate planning discussions but can seem complex to many. Could you explain what a trust is and why it might be beneficial for our viewers?
Certainly, Jessica. In essence, a trust is a legal entity that holds and manages assets for the benefit of designated individuals or entities, known as beneficiaries. The person who creates the trust, called the grantor, outlines specific instructions regarding how these assets should be distributed and used. Trusts offer several advantages, such as avoiding probate – a potentially lengthy and costly court process – and providing privacy, as the terms of the trust are not public record.
The Power of Revocable Living Trusts
Steve, you mentioned different types of trusts. Could you elaborate on one that might be particularly relevant for our viewers in Moreno Valley?
A revocable living trust is a powerful tool for many individuals and families. Ordinarily, it’s the most common type I recommend. It allows the grantor to retain control over their assets during their lifetime while ensuring those assets are distributed according to their wishes after they pass away. Consequently, this type of trust avoids probate, saving time and expense for loved ones.
The grantor can modify or revoke the trust at any time as long as they are mentally competent. Moreover, it provides a level of privacy that a will does not, as the terms of the trust are not made public through probate court. Nevertheless, it’s essential to work with an experienced estate planning attorney to ensure the trust is properly drafted and tailored to your specific needs.
I’ve found that many people delay setting up a trust because they perceive it as complicated or expensive. However, the peace of mind knowing your loved ones will be cared for according to your wishes, without the burden of probate, is invaluable.
One client I worked with, Sarah, had recently lost her husband and was overwhelmed with grief. She also had no idea where to begin with settling his estate. We established a revocable living trust for her, which not only streamlined the process but also gave her a sense of control during a very difficult time.
According to a recent study by the American Bar Association, approximately 50% of adults in the United States do not have a will or trust in place. This can lead to significant complications and financial hardship for their families after they pass away.
Seeking Guidance: Your Estate Planning Partner
Steve, what’s the best way for viewers to get started with estate planning and explore if a revocable living trust is right for them?
“Contact us today for a free consultation. We can help you navigate the complexities of estate planning and create a plan that meets your unique needs.”
Testimonials
“Steve Bliss made the entire probate process so much easier. He was patient, understanding, and always available to answer my questions.” – Maria Rodriguez
“Moreno Valley Probate Law helped me protect my assets and ensure my family’s future. I highly recommend their services.” – John Smith
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 beneficiaries pay tax on trust distributions?” 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 Revocable Trust Attorney |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
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Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Revocable Trust Attorney |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Moreno Valley Revocable Trust Attorney |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
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Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Credible Revocable Trust Attorney in Moreno Valley |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |