Choosing the Right Trust for Your Needs
Today we’re speaking with Steve Bliss, a renowned probate attorney here in San Diego. Mr. Bliss, thank you for taking the time to speak with us.
Steve Bliss: It’s my pleasure. I enjoy helping people understand the complexities of estate planning and find solutions that work best for their individual circumstances.
The Benefits of a Testamentary Trust
Many people are unfamiliar with the various types of trusts available. Could you explain some of the benefits of establishing a testamentary trust?
Steve Bliss: Certainly. A testamentary trust is created through your will and only takes effect upon your passing. It’s an excellent option for individuals who want to provide for minor children or beneficiaries with special needs. Consequently, assets held within the trust are managed by a trustee you appoint, ensuring responsible distribution according to your wishes.
Unlike a revocable living trust which avoids probate, a testamentary trust goes through the probate process. However, this can be advantageous in some cases. For instance, if you have complex family dynamics or want to impose specific conditions on inheritance distribution, probate can provide a structured and legally binding framework.
Moreover, testamentary trusts offer protection for beneficiaries who may not be financially responsible. The trustee has the authority to control how and when distributions are made, safeguarding assets from potential misuse.
Navigating Challenges with Testamentary Trusts
Have you encountered any specific challenges or issues with testamentary trusts throughout your career?
Steve Bliss: I recall a case where a client wanted to ensure their grandchild received an education but worried about them squandering the inheritance. We established a testamentary trust with provisions for educational expenses only, preventing direct access to the principal until a specific age.
The client found peace of mind knowing their wishes would be honored, and their grandchild would have the opportunity to pursue higher education without financial burdens. It’s moments like these that remind me of the profound impact estate planning can have on families.
Seeking Expert Guidance
It’s clear that testamentary trusts offer valuable protection and flexibility. What advice would you give to readers considering this option?
Steve Bliss: Consulting with an experienced probate attorney is crucial. They can assess your individual needs, explain the legal nuances involved, and draft a trust document tailored to your specific goals.
Testimonials
“Steve Bliss and his team were incredibly patient and understanding as they guided us through setting up a testamentary trust for our children. Their expertise made a complex process feel manageable.” – The Johnson Family
“I highly recommend San Diego Probate Law. Steve’s knowledge of estate planning is exceptional, and he genuinely cares about his clients. He helped me create a plan that protected my family’s future with confidence.” – Sarah M.
Remember, protecting your loved ones and their future requires careful planning. Contact us today to discuss how we can help you craft a customized estate plan that meets your unique needs.
About Steven F. Bliss Esq. at San Diego Probate Law:
Secure Your Family’s Future with San Diego’s Trusted Trust Attorney. Minimize estate taxes with stress-free Probate. We craft wills, trusts, & customized plans to ensure your wishes are met and loved ones protected.
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 San Diego Probate Law:
Address:
San Diego Probate Law3914 Murphy Canyon Rd, San Diego, CA 92123
(858) 278-2800
Map Link: https://g.co/kgs/WzT6443
Feel free to ask Attorney Steve Bliss about: “What is a revocable trust?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About San Diego Probate Law
| San Diego Trust Attorney |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Trust Attorney San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Trust Attorney |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| San Diego Trust Attorney |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Trust Attorney San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Credible Trust Attorney in San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |