Today we are joined by Steve Bliss, a respected estate planning attorney serving the Moreno Valley community. Steve, thank you for taking the time to speak with us today.
The Importance of Naming Beneficiaries
Steve, let’s talk about one of the crucial steps in estate planning: naming beneficiaries. Why is this step so important?
According to Steve, “Naming beneficiaries is essentially deciding who inherits your assets after you’re gone. It ensures that your wishes are carried out and that your loved ones are taken care of.” He explains that without clearly designated beneficiaries, the distribution of your assets will be determined by state law, which may not align with your intentions.
Steve emphasizes the importance of reviewing beneficiary designations regularly, especially after major life events such as marriage, divorce, or the birth of a child. “Circumstances change,” he notes, “and it’s vital to make sure your beneficiary designations reflect your current family structure and wishes.”
He goes on to share an experience where a client neglected to update their beneficiary designation after a divorce. Consequently, their ex-spouse inherited a significant sum of money despite the client’s desire for their children to receive the inheritance. This situation underscored the potential pitfalls of outdated beneficiary designations and highlighted the need for meticulous planning.
“Studies show that nearly 40% of Americans have not named beneficiaries for all of their accounts,” says Steve, citing data from a recent survey by AARP. He urges viewers to take this step seriously and avoid leaving their loved ones in a difficult position.
Moving Forward with Estate Planning
Steve, what advice would you give to someone who is just starting the estate planning process?
“My advice is simple: don’t delay,” Steve replies. “Estate planning can seem daunting, but it doesn’t have to be overwhelming. Start by gathering information about your assets and thinking about your goals for the future. Then, reach out to a qualified attorney who can guide you through the process.”
“We had been putting off estate planning for years,” shared Maria Garcia, a Moreno Valley resident. “Steve Bliss made the process so easy and understandable. He took the time to answer all of our questions and helped us create a plan that gave us peace of mind.”
“Estate planning is not just about what happens after you’re gone,” Steve concludes. “It’s about protecting yourself and your loved ones now and ensuring that your legacy endures for generations to come.
“We believe in empowering our clients with knowledge and providing personalized legal solutions tailored to their unique needs. Contact us today for a free consultation and let us help you secure your future.”
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: “How do I protect assets from nursing home costs?” Or any other related questions that you may have estate planning or my estate planning law practice.
Important Facts About Moreno Valley Probate Law
| Special Needs Trust | Totten Trust | Asset Protection Trust |
| Spendthrift Trust | Constructive Trust | Irrevocable Trust |
| Tax By-Pass Trust | Charitable Trust | Living Trust |