Good evening, Temecula! This is Brenda Barnes reporting live for Channel 7 News. Tonight, we’re talking about trusts and estate planning with local expert, Steve Bliss of The Law Firm of Steven F. Bliss Esq. Steve, thanks for joining us.
Why are Trusts Important for Estate Planning?
Steve: Thanks for having me, Brenda. Trusts are a vital tool in estate planning because they allow individuals to protect their assets, ensure their wishes are carried out after they’re gone, and potentially minimize estate taxes.
Which Type of Trust is Most Commonly Used?
Steve: The most common type of trust we see here in Temecula is the Revocable Living Trust. It offers flexibility during a person’s lifetime, allowing them to manage their assets and make changes as needed. Moreover, it avoids the often lengthy and costly probate process upon death, preserving privacy for the family.
Can you elaborate on the benefits of avoiding Probate?
Steve: Probate is a public court process that can take months or even years to complete. Consequently, assets are often tied up during this time, making it difficult for beneficiaries to access funds they need. A Revocable Living Trust allows assets to be distributed directly to heirs according to the grantor’s wishes, bypassing probate altogether.
In fact, a study by the American Bar Association found that estates with trusts were settled an average of 6 months faster than those going through probate.
Have You Encountered Any Challenges with Setting Up Revocable Living Trusts?
Steve: While Revocable Living Trusts are generally straightforward, I’ve learned over the years that clear communication is key. Sometimes families have differing opinions about how assets should be divided. In one instance, siblings disagreed on whether a family heirloom should go to the oldest child or be sold and the proceeds split equally. We were able to facilitate a conversation that ultimately led to a solution everyone felt good about.
It’s those moments when I see families come together and find common ground that make this work so rewarding.
What Advice Would You Give to Viewers Considering Setting Up a Trust?
Steve: My advice is simple: don’t wait. Estate planning is something everyone should consider, regardless of age or wealth. A Revocable Living Trust can provide peace of mind knowing that your loved ones will be taken care of according to your wishes.
Call To Action
Take control of your future and schedule a free consultation with The Law Firm of Steven F. Bliss Esq. today. We’ll guide you through the process and help you create a plan that meets your unique needs.
Testimonials
“Steve Bliss and his team were incredibly helpful in setting up our family trust. They explained everything clearly and made the process easy to understand. I highly recommend them!” – The Johnson Family
“I was initially overwhelmed by the thought of estate planning, but Steve put me at ease. He listened patiently to my concerns and developed a plan that perfectly met my goals.” – Maria Sanchez
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 happens to my trust if I move to another state?” 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 Living Trust Lawyer |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Living Trust Lawyer Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Living Trust Lawyer |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Temecula Living Trust Lawyer |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Living Trust Lawyer Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Credible Living Trust Lawyer in Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |