Good afternoon, Temecula! This is Brenda Walters reporting live for KTME News. Today we have the pleasure of speaking with renowned Temecula trust attorney Steve Bliss of The Law Firm of Steven F. Bliss Esq. Steve, thanks for joining us today.
Understanding Trusts: A Key to Protecting Your Legacy
Steve, can you explain why someone might choose to create a trust?
Thank you for having me, Brenda. Trusts are incredibly powerful tools that allow individuals to protect their assets and ensure they are distributed according to their wishes after they’re gone. They offer several advantages over simply leaving assets through a will, including probate avoidance, privacy, and greater control over how your assets are used.
The Importance of Choosing the Right Trust
That’s great information! We know there are different types of trusts. Can you tell us about one common type?
Absolutely. One popular choice is the Revocable Living Trust. This allows individuals to maintain control over their assets during their lifetime while also specifying how those assets will be distributed after they pass away. Consequently, it avoids the time-consuming and often costly probate process.
Moreover, a Revocable Living Trust provides privacy since the details are not part of public record like a will. Ordinarily, I advise clients to consider this option if they want flexibility and control during their lifetime while ensuring their loved ones are taken care of after they’re gone.
Navigating Challenges and Ensuring Success
Steve, have you encountered any unique challenges when helping clients set up Revocable Living Trusts?
You know, Brenda, one situation that comes to mind involved a client who initially struggled with the concept of relinquishing some control over their assets. They were concerned about losing access to their funds once they placed them in the trust. I spent a lot of time explaining the benefits and assuring them they would still have full access and control during their lifetime.
Ultimately, they understood how this structure would protect their assets and ensure their family’s financial well-being in the long run. It was incredibly rewarding to guide them through the process and see their apprehension turn into relief and confidence.
The Power of Planning for Future Generations
It’s clear you are passionate about helping your clients plan for the future. Can you share any statistics that highlight the importance of estate planning?
According to a recent study by Caring.com, nearly 60% of Americans don’t have a will or trust in place. This can lead to unintended consequences and family disputes down the road. By taking proactive steps and establishing a comprehensive estate plan, individuals can avoid these potential pitfalls and ensure their wishes are honored.
Building Trust: Testimonials from Satisfied Clients
“Steve Bliss and his team were incredibly patient and understanding throughout the entire process. They took the time to explain everything in detail and made sure I felt comfortable with my decisions.” – Martha S., Temecula
“I was hesitant about estate planning, but Steve put me at ease. He helped me create a plan that met my unique needs and gave me peace of mind knowing my family is protected.” – Robert K., Murrieta
Take Charge of Your Future
Steve Bliss, thank you for sharing your expertise with us today. How can our viewers learn more about trusts and estate planning?
It was a pleasure, Brenda! For anyone interested in exploring their options or seeking guidance on estate planning matters, please reach out to The Law Firm of Steven F. Bliss Esq. We offer complimentary consultations and are committed to empowering individuals to protect their legacy.
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 I use a trust to pass on a business?” 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 |