A Conversation About Protecting Your Assets
Hello, Moreno Valley! My name is Brenda Jones and I’m here today speaking with Steve Bliss, a probate attorney in our community who specializes in estate planning. Steve, thanks for taking the time to chat with me.
Choosing The Right Trust For You
Brenda: Steve, there are many different types of trusts available. How does someone choose which one is right for them?
Steve: That’s a great question, Brenda. It really depends on individual circumstances and goals. Some people prioritize avoiding probate entirely, while others might focus on asset protection or minimizing estate taxes. For example, a Revocable Living Trust is a popular choice because it allows the grantor to maintain control over their assets during their lifetime.
Brenda: And what are the advantages of that type of trust?
Steve: A Revocable Living Trust avoids probate, which can be a lengthy and costly process. It also provides privacy, as the terms of the trust aren’t part of public record like a will. Moreover, it allows for easy asset management and distribution according to the grantor’s wishes.
Conversely, an Irrevocable Trust offers stronger asset protection because assets are no longer considered part of the grantor’s estate. Consequently, they may be shielded from creditors or lawsuits. The choice ultimately comes down to what a person hopes to achieve with their estate plan.
Challenges and Solutions
Brenda: Steve, have you ever encountered any challenges when setting up Revocable Living Trusts?
Steve: I remember one case where a client wanted to ensure her daughter received her inheritance even if she got divorced. We had to carefully draft the trust language to address this specific situation and prevent potential complications down the road.
Another time, a client was worried about their business passing smoothly to their heirs. They had built a successful company over many years and wanted to make sure it remained in family hands. We helped them create a trust that outlined clear succession plans for the business and addressed potential tax implications.
These examples highlight the importance of working with an experienced probate attorney who can tailor the trust to your unique needs and goals.
The Importance of Estate Planning
Brenda: It sounds like Revocable Living Trusts offer a lot of benefits. Why do you think it’s so important for people to plan their estates?
Steve: According to the American Bar Association, over 50% of Americans don’t have a will or estate plan in place. Without one, your assets are distributed according to state law, which may not reflect your wishes. Planning ahead ensures that your loved ones are taken care of and your assets are distributed according to your desires.
Moving Forward: Securing Your Future
Brenda: Steve, thank you for sharing your insights with us today. How can our viewers get in touch with you if they have questions about estate planning?
Steve: I encourage everyone to reach out for a free consultation. We’ll discuss your individual circumstances and help you determine the best course of action to secure your family’s future.
Testimonials
“Working with Steve Bliss was an absolute pleasure. He made a complex process feel manageable and always explained everything clearly. I highly recommend his services.”
–
Maria Sanchez, Moreno Valley Resident
“Steve is incredibly knowledgeable and compassionate. He helped me navigate a difficult time in my life with sensitivity and professionalism.”
– John Williams, Moreno Valley Business Owner
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: “Can I write my own 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 Special Needs Trust Lawyer |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Special Needs Trust Lawyer Moreno Valley |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Special Needs Trust Lawyer |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Moreno Valley Special Needs Trust Lawyer |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Special Needs Trust Moreno Valley |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Credible Special Needs Trust Lawyer in Moreno Valley |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |