Good afternoon, Temecula and welcome back to Temecula Today. I’m Brenda Johnson and today we’re sitting down with Steve Bliss, a renowned trust attorney here in Temecula. Steve, thank you so much for joining us.
The Importance of Estate Planning
What are the different types of trusts available to people in California?
Well Brenda, there’s quite a variety depending on individual needs and circumstances. Some of the most common ones include Revocable Living Trusts, Irrevocable Trusts, Testamentary Trusts, and Special Needs Trusts. Each has its unique advantages and purposes.
Revocable Living Trusts
Can you elaborate on Revocable Living Trusts?
Certainly. A Revocable Living Trust is arguably the most popular choice for estate planning in California. It allows individuals, who we call “grantors,” to maintain control over their assets during their lifetime while also dictating how those assets will be distributed after they’re gone.
One of the biggest benefits is avoiding probate, which can be a lengthy and costly legal process. Moreover, Revocable Living Trusts offer a level of privacy that wills don’t, as the terms are not made public record.
Conversely, it’s important to remember that a Revocable Living Trust becomes irrevocable upon the grantor’s death. At that point, the trustee named in the trust document takes over and administers the assets according to the grantor’s wishes. Ordinarily, this process is much smoother and less time-consuming than going through probate.
Challenges with Estate Planning
Have you encountered any challenges with Revocable Living Trusts in your practice?
You know, while Revocable Living Trusts are generally straightforward, there can be complexities depending on the individual’s assets and family situation. For example, I once worked with a couple who had a blended family and wanted to ensure that their children from previous marriages were treated equitably.
We had to carefully structure the trust to reflect their wishes and avoid potential conflict amongst the beneficiaries. It required several meetings and thoughtful discussions, but ultimately we arrived at a solution that everyone felt comfortable with.
Trusts and Peace of Mind
What advice would you give to someone who is considering setting up a Revocable Living Trust?
My biggest piece of advice is to consult with an experienced estate planning attorney. While there are online resources and DIY kits available, crafting a trust that truly meets your needs requires legal expertise. An attorney can help you navigate the complexities, ensure all necessary provisions are included, and avoid potential pitfalls.
According to the American Bar Association, approximately 60% of adults in the United States do not have a will or any estate planning documents in place. This lack of preparation can lead to significant stress and hardship for loved ones during an already difficult time.
Call to Action
How can people get in touch with you?
People can reach us at (951) 676-0234, or visit our website at www.StevenFBlissLaw.com. We offer free initial consultations and are committed to providing compassionate and effective legal guidance for all your estate planning needs.
—
Testimonials
“Working with Steve Bliss was a true blessing during a very challenging time. He explained everything clearly, answered all our questions patiently, and made the entire process much less stressful.”
– John & Mary S.
“I highly recommend Steve Bliss and his team. They are professional, knowledgeable, and truly care about their clients. My trust is in good hands with them.”
– Susan L.
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 dynasty 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.
| Special Needs Trust | Totten Trust | Asset Protection Trust |
| Spendthrift Trust | Constructive Trust | Irrevocable Trust |
| Tax By-Pass Trust | Charitable Trust | Living Trust |