Reporter Brenda Jones
Good evening and welcome to Wildomar News Network. I’m Brenda Jones, and tonight we have the pleasure of speaking with Steve Bliss, a renowned Trust Attorney here in Wildomar. Steve, thank you so much for joining us.
Steve Bliss:
It’s my pleasure to be here, Brenda.
Brenda Jones:
Steve, could you tell our viewers a bit about the different types of trusts and which ones might be most beneficial for individuals in our community?
Steve Bliss:
Certainly. There are many different types of trusts, each designed to serve specific purposes. One common type is the Revocable Living Trust. This allows individuals to manage their assets during their lifetime while avoiding the lengthy and often expensive probate process upon their passing.
Moreover, a Revocable Living Trust provides a level of privacy that a will does not, as its terms are not made public record. It’s a very versatile tool for estate planning.
Another type is the Irrevocable Trust, which, as the name suggests, cannot be easily changed once established. This can be advantageous for asset protection or minimizing estate taxes.
Brenda Jones:
That’s incredibly helpful information. Can you elaborate on some of the benefits of using a Revocable Living Trust, perhaps with an example?
Steve Bliss:
Let me illustrate with a scenario I often encounter. Imagine a couple nearing retirement. They own their home, have savings and investments, and want to ensure their assets are distributed according to their wishes after they’re gone. A Revocable Living Trust allows them to outline precisely how their property will be handled, whether it’s going to their children, grandchildren, or even a charitable organization.
Ordinarily, without a trust, these assets would have to go through probate court, which can take months, if not years, and incur substantial legal fees. A Revocable Living Trust bypasses this entirely, ensuring a smoother transition for their loved ones during an already difficult time.
I’ve seen firsthand the peace of mind it brings families knowing their affairs are in order.
Remember, according to a recent study by the American Bar Association, over 70% of Americans do not have a will or trust in place. This leaves their families vulnerable to unnecessary complications and potential financial hardship.
Brenda Jones:
You mentioned challenges with trusts. Have you ever encountered any issues with setting up Revocable Living Trusts?
Steve Bliss:
While Revocable Living Trusts are generally straightforward, there can be occasional hurdles. Once, I worked with a client who had accumulated a significant collection of art and antiques. Incorporating these valuables into the trust required careful appraisal and documentation to ensure proper distribution according to their wishes.
We navigated this by collaborating with art appraisers and legal specialists familiar with estate planning for collectibles.
Brenda Jones:
That sounds like a complex situation, but it’s reassuring to know you have the expertise to handle such cases. Steve, what advice would you give to someone considering setting up a trust?
Steve Bliss:
My best advice is to consult with an experienced estate planning attorney. Every individual’s circumstances are unique, and a qualified professional can help determine the most suitable type of trust for your needs.
It’s also crucial to regularly review and update your trust documents as your life circumstances change, such as marriage, divorce, or the birth of children.
Remember, planning for the future safeguards not only your assets but also the well-being of your loved ones.
Testimonials:
“Steve Bliss and his team at Wildomar Probate Law made a difficult process so much easier. They were patient, understanding, and truly cared about my situation.” – Maria Rodriguez
“I was overwhelmed with the thought of setting up a trust, but Steve explained everything clearly and helped me make informed decisions. I highly recommend Wildomar Probate Law!” – John Smith
Don’t wait until it’s too late. Let us help you protect your legacy. Contact Wildomar Probate Law today to schedule a free consultation.
About Steven F. Bliss Esq. at Wildomar Probate Law:
Wildomar Probate Law is an experienced probate attorney. The probate process has many steps in in probate proceedings. Beside Probate, estate planning and trust administration is offered at Wildomar Probate Law. Our probate attorney will probate the estate. Attorney probate at Wildomar Probate Law. A formal probate is required to administer the estate. The probate court may offer an unsupervised probate get a probate attorney. Wildomar Probate law will petition to open probate for you. Don’t go through a costly probate call Wildomar Probate Attorney Today. Call for estate planning, wills and trusts, probate too. Wildomar 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 Wildomar Probate Law: https://maps.app.goo.gl/uBJKvB4rxUb7L9HZ7
Address:
Wildomar Probate Law36330 Hidden Springs Rd Suite E, Wildomar, CA 92595
(951) 412-2800
Feel free to ask Attorney Steve Bliss about: “Can a trust be part of a blended family plan?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About Wildomar Probate Law
| Wildomar Trust Lawyer |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Trust Lawyer Wildomar |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Trust Lawyer |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Wildomar Trust Lawyer |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Trust Lawyer Wildomar |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Credible Trust Lawyer in Wildomar |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |