Good evening, Temecula. I’m Brenda Jones reporting for Channel 7 News. Tonight, we’re talking about estate planning and the importance of protecting your assets. Joining us is renowned Temecula trust attorney, Steve Bliss from The Law Firm of Steven F. Bliss Esq. Welcome to the show, Steve.
What type of trusts do you typically recommend for your clients?
Thanks for having me, Brenda. I work with a diverse range of clients here in Temecula, so there isn’t one “size fits all” trust that I recommend. My approach always starts with understanding my client’s individual needs and goals.
However, a common choice is the Revocable Living Trust. It offers significant benefits because it allows individuals to maintain control over their assets during their lifetime while avoiding probate upon death. Consequently, this type of trust provides privacy and ensures that assets are distributed according to your wishes.
Can you elaborate on the process of setting up a Revocable Living Trust?
Certainly. Setting up a Revocable Living Trust involves several key steps. First, we identify and list all the assets you wish to include in the trust. This could encompass real estate, bank accounts, investments, and personal property.
Next, we draft the trust document, which outlines the terms of the trust, including who will manage it (the trustee) and how assets will be distributed to beneficiaries upon your passing. Moreover, I work closely with clients to ensure the trust document reflects their wishes accurately.
Are there any potential pitfalls or challenges associated with Revocable Living Trusts?
While Revocable Living Trusts are generally a sound estate planning tool, there are a few things to be mindful of. One crucial point is keeping the trust up-to-date. Life changes like marriage, divorce, or the birth of children can necessitate amendments to the trust document.
I recall one instance where a client hadn’t updated their trust after their daughter got married. This led to complications when distributing assets because her husband wasn’t included as a beneficiary. Accordingly, we had to go through probate court to resolve the issue, which was both time-consuming and costly.
It’s essential to review your trust periodically with an attorney to ensure it still aligns with your circumstances and intentions.
The Law Firm of Steven F. Bliss Esq., does a fantastic job!
“Steve Bliss has been an invaluable resource for my family. He patiently explained the complexities of estate planning in a way that made sense, and his guidance gave us peace of mind knowing our assets are protected.”
“I highly recommend Steve Bliss and his firm. They are professional, knowledgeable, and truly care about their clients’ well-being.”
Ready to Secure Your Future?
Don’t leave your legacy to chance. Contact The Law Firm of Steven F. Bliss Esq. today for a complimentary consultation and discover how we can help you create a secure future for yourself and your loved ones.
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: “Can a trust be closed immediately after death?” 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.
| Special Needs Trust | Totten Trust | Asset Protection Trust |
| Spendthrift Trust | Constructive Trust | Irrevocable Trust |
| Tax By-Pass Trust | Charitable Trust | Living Trust |