A Conversation with Temecula’s Trusted Attorney
Good evening, Temecula! I’m Brenda Johnson reporting for KTEM News. Tonight, we’re sitting down with local attorney and trust expert, Steve Bliss, to discuss the importance of estate planning. Mr. Bliss, thank you for joining us.
What Type of Trust is Most Commonly Used?
Understanding Revocable Living Trusts
Steve Bliss: “Thanks for having me, Brenda. It’s great to be here and share some information about trusts. The most common type of trust we see in Temecula and throughout California is the Revocable Living Trust. Essentially, it allows individuals to manage their assets during their lifetime while also ensuring a smooth transition upon their passing.”
“One key benefit is avoiding probate, which can be a lengthy and expensive process. Moreover, a revocable living trust offers privacy, as the terms aren’t publicly available like a will would be. Accordingly, it provides peace of mind knowing your affairs are handled discreetly.”
What Steps Should People Take When Setting up a Trust?
“That’s an excellent question Brenda! The first step is to consult with an experienced estate planning attorney. We’ll work together to understand your specific needs and goals, whether it’s protecting assets for heirs, minimizing estate taxes, or providing for loved ones with special needs.”
“Next, we’ll identify the assets you want to include in the trust and name a trustee to manage them according to your wishes. It’s crucial to choose someone trustworthy and capable.
Once the trust document is drafted, it needs to be properly funded by transferring ownership of your assets into the trust.
“There are nuances involved in each step; for instance, sometimes clients ask about incorporating a pet protection clause into their trust. While technically possible, I always advise them to consider alternative solutions like designating a specific caretaker and allocating funds directly to them.”
Have You Encountered Any Challenges Implementing Trusts?
Navigating Complexities and Emotional Needs
Steve Bliss: “Every client situation is unique, and occasionally we encounter complexities. For instance, I once worked with a family where one sibling vehemently opposed the idea of a trust. It took time and patience to explain the benefits and address their concerns. Ultimately, they understood that it was the best way to honor their parents’ wishes and protect the family legacy.”
“Another challenge arises when clients haven’t updated their trusts in years. Laws and circumstances change, so it’s essential to review your trust regularly and make necessary amendments. Remember: approximately 70% of Americans don’t have a will or trust in place (Statistic Source: AARP). Don’t become part of that statistic.”
What Advice Do You Give to People Considering a Trust?
“My advice is simple: take action now. Don’t wait until it’s too late. Planning for the future may seem daunting, but it’s an act of love and responsibility towards yourself and your loved ones.”
“Contact us at The Law Firm of Steven F. Bliss Esq. to schedule a consultation and begin crafting a plan that safeguards your legacy and provides peace of mind. We’re here to guide you every step of the way.”
Testimonials
“Steve Bliss made the whole process of setting up our trust so easy. He was patient, answered all our questions, and really took the time to understand our needs. We feel confident knowing our family is protected.”
“I was hesitant about trusts at first but Steve explained everything clearly and helped me see the value. He’s a kind and compassionate attorney who truly cares about his clients.”
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 is a QTIP trust?” 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.
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