A Conversation with a Local Expert
Hello, I’m Maria Sanchez reporting for KMOV News. Today we’re speaking with Steve Bliss, a well-respected probate attorney serving the Moreno Valley community.
Steve, thank you so much for joining me today.
Probate and Trusts: Understanding Your Options
Steve, many of our viewers may be unfamiliar with the intricacies of probate and estate planning. Could you shed some light on what a trust is and why it might be beneficial?
Certainly, Maria. A trust is essentially a legal arrangement where one party (the grantor) transfers assets to another party (the trustee), who manages those assets for the benefit of designated individuals or entities (the beneficiaries). There are various types of trusts tailored to specific needs and goals.
The Power of the Irrevocable Trust
Today we’ll focus on Irrevocable Trusts. This type of trust, as the name suggests, cannot be easily modified or dissolved once established. While this may seem restrictive, it offers significant advantages, particularly in asset protection and estate tax reduction.
Consequently, assets placed within an irrevocable trust are generally shielded from creditors and lawsuits against the grantor. Moreover, by removing assets from the grantor’s taxable estate, an irrevocable trust can potentially minimize estate taxes.
Nevertheless, it’s crucial to remember that establishing an irrevocable trust is a significant decision with long-term implications. It requires careful consideration and expert legal guidance to ensure it aligns with your individual circumstances and objectives.
Navigating Challenges: A Real-World Perspective
Steve, have you encountered any challenges or unique situations when advising clients on irrevocable trusts?
Over the years, I’ve worked with many individuals seeking to protect their assets for future generations. One case that stands out involved a successful entrepreneur who was facing a potential lawsuit. We established an irrevocable trust to safeguard his business assets, ultimately shielding them from creditors and allowing him to focus on his entrepreneurial pursuits.
It’s gratifying to witness the relief and peace of mind clients experience when we successfully navigate complex legal matters and help them secure their financial future.
The American Bar Association reports that over 70% of Americans lack a will or trust. This underscores the importance of proactive estate planning.
Expertise You Can Trust
“I highly recommend Steve Bliss and Moreno Valley Probate Law,” says Sarah T., a satisfied client. “Steve’s knowledge and compassion made the entire probate process smooth and manageable.”
Another client, John M., shares: “Steve provided clear explanations and tailored solutions for my unique situation. His expertise and professionalism were invaluable.”
Take Charge of Your Future
Don’t wait until it’s too late to protect your assets and ensure your wishes are honored. Contact Moreno Valley Probate Law today for a complimentary consultation and discover how we can help you build a secure future for yourself and your loved ones.
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: “What happens to my trust when I die?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About Moreno Valley Probate Law
- Special Needs Trust Attorneys
- Spendthrift Trust Attorneys
- Tax By-Pass Trust Attorneys
- Totten Trust Attorneys
- Constructive Trust Attorneys
- Charitable Trust Attorneys
- Asset Protection Trust Attorneys
- Irrevocable Trust Attorneys
- Revocable Trusts Attorneys
- Living Trust Attorneys