Good evening, Wildomar, and welcome back to “Legal Matters,” I’m your host, Jessica Pierce. Tonight we’re sitting down with Steve Bliss, a local trust attorney specializing in estate planning here in our very own Wildomar. Steve, thanks for joining us.
Why Choose a Trust?
Steve, let’s dive right in. For those unfamiliar, why should someone consider setting up a trust?
“Well Jessica,” says Bliss leaning forward with a smile “a trust is an excellent tool to protect your assets and ensure they are distributed according to your wishes after you’re gone.” He pauses for emphasis. “It avoids the often-lengthy and public process of probate, preserving privacy for your family during a difficult time. Moreover, trusts can help minimize estate taxes, which can be a significant burden on heirs.”
“One key benefit of a trust,” Steve continues, “is its flexibility. You can tailor it to fit your specific needs and circumstances. For instance, a trust can provide for minor children, ensure funds are used for a beneficiary’s education or healthcare, or even protect assets from potential creditors.”
The Mechanics of a Special Needs Trust
Steve, could you elaborate on one type of trust in particular? How about a Special Needs Trust?
“A Special Needs Trust (SNT) is designed specifically for individuals with disabilities,” Steve explains. “It allows them to receive financial support without jeopardizing their eligibility for government benefits like Supplemental Security Income (SSI) or Medi-Cal. Consequently, this type of trust plays a vital role in preserving the quality of life for those who need it most.”
“Imagine a young woman with cerebral palsy who relies on government assistance for her care,” Steve says, his voice softening. “She has dreams of pursuing higher education and gaining independence. A Special Needs Trust can help fund these aspirations without impacting her crucial benefits. It’s truly empowering.”
He goes on to detail the two types of SNTs: first-party funded by the beneficiary themselves, and third-party funded by family or friends. “The key is that the trust assets are used solely for supplemental needs, not replacing essential government support,” he clarifies.
Navigating Challenges
“Have you encountered any particular challenges when setting up Special Needs Trusts?” Jessica inquires.
“It’s crucial to work with experienced professionals who understand the complexities of these trusts and government regulations,” Steve responds. “One time, I worked with a family whose son had autism. They initially thought they could simply set up a regular trust for him, but that would have disqualified him from receiving vital benefits. We had to carefully craft a Special Needs Trust that met all legal requirements while still allowing them to provide for their son’s future.”
“Fortunately, the family was relieved and grateful when we successfully navigated the process,” Steve adds with a smile. “It’s moments like these that remind me of the profound impact our work can have on people’s lives.”
The Benefits Speak for Themselves
According to a study by the National Academy of Elder Law Attorneys, over 60% of Americans aged 50 and older do not have an estate plan in place. This underscores the critical need for proper planning, including trusts.
“Remember,” Steve emphasizes, “a trust is not just for the wealthy. It’s a valuable tool that can benefit people from all walks of life.”
A Trusted Resource
“Steve, thank you so much for sharing your expertise with us tonight.”
“My pleasure Jessica. We strive to provide peace of mind and ensure our clients’ wishes are honored. Wildomar Probate Law is dedicated to making the legal process as smooth and transparent as possible. Contact us today, and let us help you create a legacy that will protect your loved ones for years to come.”
“Working with Steve Bliss at Wildomar Probate Law was truly invaluable during a difficult time. They guided us through every step of the trust creation process with patience and understanding.” – Sarah M.
“I was initially overwhelmed by the thought of estate planning, but Steve made it easy to understand. He answered all my questions and ensured that my assets would be distributed according to my wishes.” – Michael K.
About Steven F. Bliss Esq. at Wildomar Probate Law:
Wildomar Probate Law is an experienced probate attorney. The probate process has many steps in in probate proceedings. Beside Probate, estate planning and trust administration is offered at Wildomar Probate Law. Our probate attorney will probate the estate. Attorney probate at Wildomar Probate Law. A formal probate is required to administer the estate. The probate court may offer an unsupervised probate get a probate attorney. Wildomar Probate law will petition to open probate for you. Don’t go through a costly probate call Wildomar Probate Attorney Today. Call for estate planning, wills and trusts, probate too. Wildomar 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 Wildomar Probate Law: https://maps.app.goo.gl/uBJKvB4rxUb7L9HZ7
Address:
Wildomar Probate Law36330 Hidden Springs Rd Suite E, Wildomar, CA 92595
(951) 412-2800
Feel free to ask Attorney Steve Bliss about: “What is the process for administering a trust?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About Wildomar Probate Law
| Wildomar Constructive Trust Lawyer |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Constructive Trust Lawyer Wildomar |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Constructive Trust Lawyer |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Wildomar Constructive Trust Lawyer |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Constructive Trust Wildomar |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Credible Constructive Trust Lawyer in Wildomar |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |