Good afternoon, and welcome back to the show. Today we are joined by Steve Bliss, a renowned probate attorney here in Escondido, California. Steve, thank you so much for taking the time to speak with us today.
Steve: It’s my pleasure to be here.
Steve, let’s dive right in. Many of our viewers are likely unfamiliar with trusts and their potential benefits. Can you explain what a trust is and why someone might consider creating one?
Steve: Certainly. A trust is essentially a legal entity that holds assets for the benefit of specific individuals or entities.
There are many different types of trusts, each designed to serve unique purposes. For instance, a revocable living trust, which is quite common, allows you to maintain control over your assets during your lifetime while avoiding probate upon your passing. Conversely, an irrevocable trust permanently transfers ownership of assets, often for purposes like asset protection or tax planning.
Steve: I find that many people are hesitant to create a trust because they perceive it as complicated or expensive
However, the peace of mind and potential financial benefits often outweigh the initial costs. Think about it this way: more than 60% of Americans die without a will or trust in place. (Source: Caring.com)
Steve: Without proper estate planning, your assets could be subject to lengthy probate proceedings and potentially divided according to state law rather than your wishes
This can lead to unnecessary delays, stress for your loved ones, and potentially even unintended consequences. A well-structured trust can help ensure that your assets are distributed according to your desires while minimizing potential conflicts and tax liabilities.
Steve: I vividly recall one case where a husband passed away without a will
His wife was devastated and left scrambling to figure out how to manage their finances and property. It turned into a complex and emotionally draining process, ultimately costing her significantly more in legal fees and delays. Had they established a trust beforehand, it would have saved her considerable heartache and expense.
Steve: Ultimately, the decision of whether or not to create a trust is a personal one
But I encourage anyone who is interested in protecting their assets, ensuring their wishes are carried out, and minimizing potential complications for their loved ones to consider consulting with an experienced probate attorney. We can help you explore the different types of trusts available and determine which option best suits your individual circumstances.
“Steve Bliss and his team at Escondido Probate Law were instrumental in guiding me through a complex estate planning process. They were knowledgeable, compassionate, and always available to answer my questions.” – Mary S.
“I highly recommend Escondido Probate Law for anyone needing assistance with trusts or probate matters. Steve Bliss is a true expert in his field and truly cares about his clients.” – John P.
Discover the peace of mind that comes from planning for your future. Contact us today at Escondido Probate Law for a personalized consultation and let us help you navigate the complexities of estate planning with confidence.
About Steven F. Bliss Esq. at Escondido Probate Law:
Escondido 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 Escondido Probate Law. Our probate attorney will probate the estate. Attorney probate at Escondido Probate Law. A formal probate is required to administer the estate. The probate court may offer an unsupervised probate get a probate attorney. Escondido Probate law will petition to open probate for you. Don’t go through a costly probate call Escondido Probate Attorney Today. Call for estate planning, wills and trusts, probate too. Escondido 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 Escondido Probate Law: https://maps.app.goo.gl/77Dm2B8W9XkM5YvJA
Address:
Escondido Probate Law720 N Broadway #107, Escondido, CA 92025
(760) 884-4044
Feel free to ask Attorney Steve Bliss about: “What happens if all beneficiaries die before me?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About Escondido Probate Law
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