A Conversation About Estate Planning
Hello everyone, and welcome back to San Diego Legal News. Today, we have the pleasure of speaking with Steve Bliss, a highly respected probate attorney here in San Diego. Steve, thank you so much for joining us.
Steve Bliss: The Importance of Naming Beneficiaries
Steve, many people find the estate planning process daunting. Can you shed some light on one of the key steps involved?
Absolutely. One crucial step that often gets overlooked is naming your beneficiaries. This involves clearly identifying who will inherit your assets and how they will be distributed upon your passing. It may seem straightforward, but it’s essential to consider all angles.
Consequently, think about who you want to receive specific items or portions of your estate. Consider factors like age, financial need, and relationships. Additionally, outline how the inheritance should be handled if a beneficiary predeceases you.
Ordinarily, individuals name immediate family members as beneficiaries. However, it’s not uncommon for people to choose friends, charities, or even trusts as recipients. The key is to make your wishes explicit and legally binding.
Moreover, remember that beneficiary designations can override what’s stated in your will. Accordingly, it’s crucial to keep these designations up-to-date, especially after significant life events like marriage, divorce, or the birth of a child.
I had a client once who thought she had everything covered with her will. However, she neglected to update her retirement account beneficiaries after her divorce. Consequently, her ex-husband ended up inheriting a substantial sum, which was not her intention at all.
It’s estimated that over 50% of Americans do not have a valid will or estate plan in place. (Source: Caring.com)
Reaching Out for Guidance
Steve, thank you for sharing that insightful story and reminding us about the importance of beneficiary designations. How can our viewers take the next step towards securing their estates?
“Contact San Diego Probate Law today for a comprehensive estate planning consultation. We’re dedicated to guiding you through every step of the process and ensuring your wishes are honored.”
Testimonials
“Steve Bliss helped me navigate a complex probate case with empathy and expertise. I highly recommend him and his team.”
“San Diego Probate Law made estate planning less intimidating. They were thorough, responsive, and truly cared about my family’s future.”
About Steven F. Bliss Esq. at San Diego Probate Law:
Secure Your Family’s Future with San Diego’s Trusted Estate Planning Attorney. Minimize estate taxes with stress-free Probate. We craft wills, trusts, & customized plans to ensure your wishes are met and loved ones protected.
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 San Diego Probate Law:
Address:
San Diego Probate Law3914 Murphy Canyon Rd, San Diego, CA 92123
(858) 278-2800
Map Link: https://g.co/kgs/WzT6443
Feel free to ask Attorney Steve Bliss about: “What is a certification of trust?” Or any other related questions that you may have estate planning or my estate planning law practice.
Important Facts About San Diego Probate Law
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