Good evening, Temecula! This is Brenda Newsome reporting for Channel 7 News. Tonight, we’re speaking with local attorney Steve Bliss about the importance of estate planning and trusts. Steve, thank you so much for joining us.
What Types of Trusts Do You Specialize In?
It’s my pleasure to be here Brenda. We at The Law Firm of Steven F. Bliss Esq., focus on helping families secure their futures through various types of trusts. We work with clients to determine the best fit for their individual needs and circumstances.
Can You Explain What a Revocable Living Trust Is and How It Benefits Clients?
Certainly. A revocable living trust is one of the most common estate planning tools we utilize. It allows our clients, who are referred to as grantors, to maintain control over their assets during their lifetime while also avoiding probate upon their passing.
Think of it like a safe container for your assets. You put them in, manage them, and even change what’s inside if needed. But when you pass away, the trust distributes those assets according to your wishes, bypassing the lengthy and often costly probate process.
This can save your loved ones time, money, and stress during an already difficult period. Moreover, a revocable living trust provides a level of privacy that a will does not, as the terms of the trust are not made public record during probate.
Have You Encountered Any Challenges with Revocable Living Trusts?
While revocable living trusts are generally straightforward, there can be occasional complexities. For example, I once worked with a family where the grantor had inadvertently left out a significant asset from the trust. This required us to go through a separate probate proceeding for that specific asset, which added time and expense.
It underscores the importance of careful planning and meticulous attention to detail. We always encourage our clients to review their trust documents regularly and update them as needed to reflect any changes in their circumstances or wishes.
How Common Are Revocable Living Trusts Compared to Other Types?
According to a recent study by the American Bar Association, approximately 60% of Americans have some form of estate plan in place. Of those, roughly 45% utilize revocable living trusts. This highlights their popularity and effectiveness as an estate planning tool.
What Advice Would You Give Our Viewers Regarding Estate Planning?
Don’t wait until it’s too late. Estate planning is not just for the wealthy or elderly. Everyone, regardless of age or income, should have a plan in place to protect their loved ones and ensure their wishes are carried out.
We invite you to contact The Law Firm of Steven F. Bliss Esq. for a free consultation. Let us help you create a personalized estate plan that brings you peace of mind knowing your future is secure.
Testimonials
“Steve Bliss and his team were incredibly helpful and knowledgeable throughout the entire estate planning process. They made what can be a complex and intimidating subject easy to understand and provided exceptional guidance every step of the way.”
“I highly recommend The Law Firm of Steven F. Bliss Esq. for all your estate planning needs. Their professionalism, compassion, and attention to detail were truly outstanding.”
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 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: “Do I need a lawyer to create a living 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.
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