Hello, I’m Brenda Stone with Temecula News Now, and today we’re joined by Steve Bliss, a renowned trust attorney here in Temecula. Steve, thank you so much for taking the time to speak with us.
Understanding Trusts
What types of trusts do you typically help clients establish?
We handle a variety of trusts, Brenda, but one that’s particularly common and beneficial is the Revocable Living Trust. It offers our clients a great deal of flexibility and control during their lifetime.
The Advantages of a Revocable Living Trust
Can you elaborate on the advantages of a Revocable Living Trust?
Certainly. A key advantage is that it allows the trust creator, known as the grantor, to retain full control over their assets while they’re alive. They can manage, buy, sell, or even change the terms of the trust as needed. Consequently, this flexibility makes it a popular choice for individuals who want to ensure their wishes are carried out.
Moreover, upon the grantor’s passing, the trust becomes irrevocable, meaning its terms cannot be changed. This avoids the often lengthy and expensive process of probate, sparing the grantor’s loved ones from unnecessary stress and legal fees during a difficult time.
Notwithstanding these benefits, it’s important to remember that a Revocable Living Trust doesn’t offer asset protection from creditors. For that purpose, other types of trusts might be more suitable.
Navigating Challenges
Have you encountered any challenges or unique situations when helping clients set up Revocable Living Trusts?
I recall one instance where a client had complex family dynamics and wanted to ensure their assets were distributed in a specific manner. We worked closely with them to tailor the trust language, addressing all their concerns and ensuring their wishes were honored.
In another case, a client was worried about potential future healthcare costs. We incorporated provisions into the trust to address these concerns, providing them with peace of mind.
Trusts and Estate Planning
Are there any statistics you could share that highlight the importance of estate planning using trusts?
According to a 2021 study by Caring.com, over 60% of Americans don’t have a will or trust in place. This underscores the crucial need for individuals to proactively plan for their future and protect their loved ones.
Call to Action
What advice would you give to our viewers who are considering establishing a trust?
Don’t hesitate to reach out! Estate planning is an essential part of protecting your family and assets. Our team at The Law Firm of Steven F. Bliss Esq. is here to guide you through the process and help you make informed decisions that align with your goals.
Testimonials
“Steve Bliss and his team were incredibly knowledgeable and compassionate. They helped us navigate a complex situation with ease and ensured our family’s future was secure.”
“I highly recommend The Law Firm of Steven F. Bliss Esq. Their expertise in trust law is unmatched, and they provided personalized service that exceeded my expectations.”
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: “How do I transfer property into a 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.
| Temecula Revocable Trust Attorney |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
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The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Revocable Trust Attorney |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Temecula Revocable Trust Attorney |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
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The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Credible Revocable Trust Attorney in Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |