Reporter Name: Linda Santiago
Good afternoon, Temecula! I’m Linda Santiago, your local news reporter, and today we’re sitting down with Steve Bliss, a renowned trust attorney here in Temecula. Mr. Bliss, thank you for taking the time to speak with me today.
What type of trusts do you specialize in?
Steve: “Well Linda, I handle a wide range of trusts for my clients but I find that many people in our community benefit greatly from Revocable Living Trusts. They’re incredibly versatile and offer a number of advantages.”
Can you elaborate on some of those advantages?
Steve: “Certainly. A Revocable Living Trust allows the grantor, the person who creates the trust, to maintain complete control over their assets during their lifetime. You can change the terms of the trust, add or remove beneficiaries, and even dissolve it entirely if your circumstances change.
Moreover, upon your passing, the assets in the trust bypass the lengthy and often costly probate process. This means your loved ones can inherit their inheritance more quickly and privately. Consequently, Revocable Living Trusts offer a great deal of flexibility and peace of mind.”
Are there any common pitfalls people should be aware of when setting up a Revocable Living Trust?
Steve: “You know, Linda, I’ve seen it happen more times than I can count. People think setting up a trust is a simple DIY project and try to do it themselves using online forms or templates. While these resources might seem convenient, they often lack the nuance and customization needed for your unique situation.
Notwithstanding, failing to properly fund the trust with your assets renders it essentially useless. Remember, just creating the trust document isn’t enough – you have to transfer ownership of your assets into the trust for it to be effective.
- I once had a client who meticulously drafted his own trust document but forgot to transfer his primary residence into the trust.
- When he passed away, his home was subject to probate, causing unnecessary stress and expense for his family during an already difficult time.
It’s always best to consult with an experienced attorney who can guide you through the process and ensure everything is done correctly. According to a 2021 study by the American Bar Association, over 70% of individuals who attempt DIY estate planning make at least one critical error.
What advice would you give to someone considering setting up a Revocable Living Trust?
Steve: “My best advice is to seek professional guidance. An experienced trust attorney can help you understand the complexities of trust law, tailor a plan that meets your specific needs and goals, and ensure that all legal requirements are met.
Think of it as an investment in protecting your loved ones and securing your legacy for generations to come.”
Testimonials:
“Steve Bliss and his team were incredibly patient and understanding throughout the entire trust planning process. They took the time to explain everything clearly and made sure I felt comfortable with every decision.” – Mary S., Temecula
“I was initially overwhelmed by the thought of setting up a trust, but Steve Bliss put my mind at ease. He’s a true expert in his field and helped me create a plan that protected my family’s future.” – John D., Murrieta
Remember, your legacy deserves careful planning. Schedule a complimentary consultation with The Law Firm of Steven F. Bliss Esq. today and take the first step toward securing a brighter tomorrow 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 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 contested?” Or any other related questions that you may have about Trusts or my trust law practice.
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