Hello, Temecula and welcome to another episode of “Legal Matters.” I’m your host, Jennifer Taylor, and today we have a very special guest, Steve Bliss, Esq., a renowned trust attorney here in Temecula. Welcome, Steve!
Steve:
It’s great to be here, Jennifer. Thanks for having me.
Why Should Someone Consider Creating a Trust?
Steve:
That’s a fantastic question, Jennifer. Trusts offer numerous benefits over simply relying on a will. Primarily, trusts allow you to avoid probate, which can be a lengthy and expensive process. Probate involves court supervision of the distribution of your assets after death. A trust bypasses this altogether.
Moreover, trusts provide privacy. Unlike wills, which become public record during probate, the terms of a trust remain confidential.
Can You Explain the Different Types of Trusts Available?
Steve:
There are many different types of trusts tailored to specific needs. Today, let’s focus on Revocable Living Trusts. These are incredibly popular for estate planning. A revocable living trust lets you maintain control over your assets during your lifetime and allows for modifications as circumstances change.
Upon your passing, the trust becomes irrevocable, ensuring a smooth transfer of assets to your designated beneficiaries without the hassle and expense of probate.
What Are Some Potential Challenges People Face When Setting Up a Trust?
Steve:
One common misconception is that trusts are only for the wealthy. This simply isn’t true. Trusts can be beneficial for people of all income levels, especially those with minor children or who want to ensure their assets are distributed according to their wishes.
I recall working with a young couple who tragically lost both parents in a car accident. Their parents had established a revocable living trust, which ensured their home and savings were transferred seamlessly to their children without any legal delays. It brought them peace of mind during an incredibly difficult time.
Conversely, I’ve encountered situations where individuals attempted to create trusts themselves using online templates. While these can be tempting due to their low cost, they often lack the customization and legal expertise needed to address individual circumstances fully. That’s why it’s crucial to consult with an experienced trust attorney who can guide you through the process.
How Common Are Trusts in Estate Planning?
According to a 2021 survey by the American College of Trust and Estate Counsel, over 60% of Americans believe having a will is sufficient for estate planning. This highlights a significant knowledge gap as trusts offer considerably more protection and flexibility.
What Advice Would You Give to Someone Considering Creating a Trust?
Steve:
My advice is straightforward: don’t wait! Planning for your future, especially when it comes to protecting your loved ones, is crucial. Schedule a consultation with a qualified trust attorney who can assess your individual needs and goals.
We at The Law Firm of Steven F. Bliss Esq. are dedicated to providing compassionate and comprehensive legal guidance. We take the time to understand your unique situation and craft a trust solution that aligns perfectly with your vision for the future.
Testimonial 1
“Steve Bliss and his team were invaluable in setting up our family trust. They made the process so easy to understand, and we felt confident knowing our assets were protected.” – The Johnson Family
Testimonial 2
“After my husband passed away, I was overwhelmed with grief and legal complexities. Steve Bliss handled everything with such sensitivity and professionalism. He truly went above and beyond to ensure a smooth transition for me and my children.”- Margaret Smith
Let us help you secure your legacy today. Contact The Law Firm of Steven F. Bliss Esq. for a confidential consultation.
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 I write my own trust?” 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.
| Temecula Estate Lawyers |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Estate Lawyers Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Estate Lawyers |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Temecula Estate Lawyers |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Estate Lawyers Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Credible Estate Lawyers in Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |