Choosing the Right Trust for Your Needs
Today, we’re joined by Steve Bliss, a prominent probate attorney in San Diego. Steve, thank you for joining us.
Steve, there are many different types of trusts available to individuals. Can you help our viewers understand some key considerations when choosing the right type of trust?
The Benefits of Irrevocable Trusts
Steve: Certainly. One trust that often proves beneficial is the irrevocable trust. While it may sound daunting, an irrevocable trust offers significant advantages in estate planning. Consequently, assets placed within this type of trust are removed from your taxable estate, potentially minimizing estate taxes.
Moreover, irrevocable trusts can be powerful tools for asset protection. Creditors generally cannot access assets held within an irrevocable trust. This protection can be crucial for individuals concerned about potential lawsuits or liabilities.
However, it’s important to note that once an irrevocable trust is established, its terms are typically set in stone and cannot be easily modified. Accordingly, careful consideration and planning are essential before creating one.
I remember a case where a client came to me facing a significant legal claim against his personal assets. We were able to establish an irrevocable trust prior to the lawsuit, effectively shielding a portion of his assets from potential seizure.
Trusts and Estate Planning: A Powerful Combination
A recent study by the American College of Trust and Estate Counsel found that over 60% of individuals with estates exceeding $1 million utilize trusts as part of their estate planning strategy. This underscores the importance and prevalence of trusts in protecting assets and minimizing tax burdens.
Trust San Diego Probate Law for Your Needs
“Steve Bliss and his team at San Diego Probate Law were incredibly helpful during a difficult time. Their expertise and compassion made navigating the probate process much easier.” – Sarah J., Client
“I highly recommend Steve Bliss for any probate or estate planning matters. He is knowledgeable, thorough, and truly cares about his clients’ well-being.” – Michael K., Client
Ready to secure your future and protect what matters most? Reach out to San Diego Probate Law today for a personalized consultation and let us help you craft an 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: “How do beneficiaries get assets from a 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 Constructive Trust Attorney |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Constructive Trust Attorney San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Constructive Trust Attorney |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| San Diego Constructive Trust Attorney |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Constructive Trust San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Credible Constructive Trust Attorney in San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |