Reporter: Brenda Jones
Welcome back to our segment on local legal matters. Today we’re joined by Steve Bliss, a trusted trust attorney here in Wildomar. Steve, thanks for taking the time to talk with us.
Steve Bliss:
It’s my pleasure to be here, Brenda. I always enjoy sharing information about estate planning and the importance of trusts.
Brenda Jones:
Let’s dive right in then. For our viewers who might not be familiar with trusts, can you explain what a trust is and why it’s often an essential part of estate planning?
Steve Bliss:
Certainly. A trust is essentially a legal arrangement where assets are held by one party (the trustee) for the benefit of another party (the beneficiary). It allows for control over how and when those assets are distributed, even after the grantor, the person who creates the trust, passes away. Consequently, trusts offer several advantages.
One key benefit is probate avoidance. Assets held in a trust typically bypass the lengthy and costly probate process, saving beneficiaries time and money. Moreover, trusts provide privacy. Unlike wills which become public record during probate, the terms of a trust remain confidential.
Brenda Jones:
Those are certainly compelling reasons to consider a trust. Steve, for our viewers who are interested in learning more, could you delve into one specific type of trust and explain its mechanics?
Steve Bliss:
I’d be happy to. A Revocable Living Trust is perhaps the most common type we see here in Wildomar. It allows individuals to maintain control over their assets during their lifetime while also planning for what happens after they are gone.
With a revocable living trust, you, as the grantor, can make changes to the trust terms or even dissolve it altogether while you’re still alive. This flexibility is important because your circumstances and needs may change over time.
Upon your passing, the trust becomes irrevocable, meaning the terms are set and cannot be altered. The assets in the trust are then distributed according to your wishes as outlined in the trust document.
This type of trust is often chosen because it combines control during life with the benefits of avoiding probate after death.
Brenda Jones:
Steve, you mentioned that a revocable living trust offers flexibility. Have you encountered any situations where this flexibility has been particularly helpful for your clients?
Steve Bliss:
Yes, I can think of a few instances. One client came to me concerned about providing for his daughter with special needs while ensuring she wouldn’t lose access to essential government benefits. We were able to set up a trust that addressed both concerns.
He could manage the assets during his lifetime and, after his passing, the trust would continue to support his daughter without jeopardizing her eligibility for crucial programs.
Brenda Jones:
That’s a heartwarming example of how trusts can provide tailored solutions. What advice would you give to someone considering establishing a trust?
Steve Bliss:
My primary recommendation is to consult with an experienced estate planning attorney. Trusts are powerful legal tools, but they need to be carefully structured to meet individual needs and comply with state laws. An attorney can guide you through the process, answer your questions, and ensure that your trust achieves your desired goals.
Brenda Jones:
Excellent advice, Steve. Thank you for sharing your insights on trusts today. How can our viewers get in touch with Wildomar Probate Law if they’re interested in learning more?
Steve Bliss:
We encourage anyone with questions about estate planning or trusts to reach out to us. You can call our office at [Phone number] or visit our website at [Website address]. We offer free initial consultations and are happy to answer your questions.
Testimonials
“Steve Bliss and the team at Wildomar Probate Law made the entire probate process so much easier for me after my father passed away. They were incredibly knowledgeable, compassionate, and responsive to all of my concerns.” -Maria S.
“I was initially overwhelmed by the idea of setting up a trust, but Steve took the time to explain everything clearly and helped me create a plan that gives me peace of mind knowing my family is protected. Highly recommend!”- John P.
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: “What is the process for administering a trust?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About Wildomar Probate Law
| Wildomar Trust Lawyers |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Trust Lawyers Wildomar |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Trust Lawyers |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Wildomar Trust Lawyers |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Trust Lawyers Wildomar |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Credible Trust Lawyers in Wildomar |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |