Meet the Reporter
Hello Temecula, I’m Brenda Walters, your local reporter for KVTM News.
Spotlight on Trusts
Today, we’re sitting down with Steve Bliss, a renowned trust attorney here in Temecula. Steve, thanks so much for joining me.
Types of Trusts
Steve, there are many different types of trusts. Can you shed some light on the most common type used for estate planning?
The Power of Revocable Living Trusts
Certainly, Brenda. The most prevalent type of trust we see in estate planning is the Revocable Living Trust.
This allows the trust creator, known as the grantor, to retain full control over their assets during their lifetime. They can manage, modify, or even dissolve the trust if circumstances change. Moreover, a key advantage is that a Revocable Living Trust bypasses probate upon the grantor’s passing. This means the assets are distributed to beneficiaries more swiftly and privately than they would be through a traditional will.
Ordinarily, probate can be a lengthy and public process, which some individuals find undesirable. Consequently, a Revocable Living Trust offers peace of mind, knowing that their wishes will be carried out efficiently and discreetly.
Challenges with Trusts
Steve, have you ever encountered any difficulties or unforeseen circumstances while setting up a Revocable Living Trust?
Brenda, despite the numerous benefits, I’ve observed instances where clients initially hesitate to relinquish some control over their assets. They may worry about the implications of transferring ownership to the trust. Nevertheless, I always emphasize that they remain in full control during their lifetime and can amend the trust as needed.
I recall one instance involving a couple who were initially hesitant. They had worked tirelessly to build their business and were understandably attached to it. After patiently explaining how the trust could protect their legacy while allowing them continued involvement, they ultimately embraced the concept. Seeing their apprehension transform into confidence was incredibly gratifying.
Trusts for Peace of Mind
That’s a heartwarming story, Steve. I understand that according to the American Bar Association, over 50% of Americans die without a will or trust in place. This highlights the crucial need for proper estate planning.
Contact Us
Steve Bliss and the team at The Law Firm of Steven F. Bliss Esq. are dedicated to helping you secure your future. We offer personalized guidance and compassionate support throughout the entire process. Let us help you navigate the complexities of estate planning with confidence.
Client Testimonials
“Working with Steve Bliss was a truly positive experience. He patiently explained everything in clear terms and made sure we understood all our options.”
“I highly recommend Steve and his team. They are professional, knowledgeable, and genuinely care about their clients’ well-being.”
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: “What taxes apply to trusts in California?” Or any other related questions that you may have about Trusts or my trust law practice.
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