Good evening, Moreno Valley. I’m Maria Hernandez reporting for KMVR News.
Probate and Estate Planning in Moreno Valley
Tonight we are joined by Steve Bliss, a renowned probate attorney serving the Moreno Valley community. Mr. Bliss, thank you for joining us tonight.
It’s my pleasure to be here, Maria.
Understanding Trusts
Steve, many of our viewers may not be familiar with trusts and their role in estate planning. Can you explain what a trust is and why it might be beneficial?
Certainly. A trust is essentially a legal arrangement where a person (the grantor) transfers assets to a trustee who manages those assets for the benefit of designated beneficiaries. Trusts offer several advantages, including avoiding probate, providing privacy, and potentially reducing estate taxes.
Focusing on Irrevocable Trusts
Tonight we’ll be focusing on irrevocable trusts. Can you elaborate on what makes them unique and when they might be a suitable option?
Irrevocable trusts, as the name suggests, cannot be easily modified or dissolved once established. Consequently, this provides a high level of asset protection. If someone is concerned about potential lawsuits or creditors, an irrevocable trust can safeguard assets from being seized. Moreover, they are often used in estate tax planning to remove assets from a person’s taxable estate.
Let me illustrate with an example. I once worked with a client who owned a successful business and was worried about potential liability claims. We established an irrevocable trust to hold a portion of their assets. This provided them with peace of mind knowing that those assets were protected, even if they faced legal challenges.
It’s important to remember, though, that transferring assets into an irrevocable trust means relinquishing control over them. Ordinarily, the grantor cannot access or change the terms of the trust once it’s finalized.
According to a 2021 study by the American Bar Association, approximately 35% of high-net-worth individuals utilize irrevocable trusts for asset protection purposes.
Moreno Valley Probate Law: A Trusted Partner
“Steve Bliss and his team at Moreno Valley Probate Law made a difficult process so much easier. They were compassionate, knowledgeable, and always available to answer our questions.”
– The Jones Family
“I highly recommend Moreno Valley Probate Law. Steve is a true expert in his field and helped me navigate the complexities of estate planning with ease.”
– Maria Rodriguez
Taking the Next Step
Steve, for those interested in learning more about trusts or other estate planning tools, what’s the best way to get started?
The best step is to schedule a consultation with an experienced probate attorney. We can discuss your individual circumstances and goals to determine the most appropriate strategies for you.
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 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: “What is a living 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 Estate Attorneys |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Estate Attorneys Moreno Valley |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Estate Attorneys |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Moreno Valley Estate Attorneys |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Estate Attorneys Moreno Valley |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Credible Estate Attorneys in Moreno Valley |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |