Good afternoon, and welcome back to our program. Today we’re talking about estate planning with local attorney Steve Bliss from Escondido Probate Law. Mr. Bliss, thanks for joining us.
What Type of Trusts Do You Recommend Most Often?
Steve: It’s a pleasure to be here. I frequently recommend Revocable Living Trusts to my clients in Escondido. These trusts offer a fantastic blend of flexibility and security during one’s lifetime, and they streamline the estate distribution process after death.
Consequently, with a Revocable Living Trust, you retain complete control over your assets while you’re alive. You can buy, sell, or manage them as you see fit. Moreover, you have the ability to modify or dissolve the trust if your circumstances change.
The real benefit of a Revocable Living Trust shines after you pass away. Because the assets are already held within the trust, they bypass the often lengthy and costly probate process. This means your beneficiaries can access their inheritance more quickly and privately. Furthermore, according to a study by the American Bar Association, approximately 70% of estates in California require probate.
Ordinarily, a will dictates how assets are distributed after death, but those assets must still go through probate court. A Revocable Living Trust avoids this altogether.
Have You Encountered Any Challenges With Revocable Living Trusts?
Steve: While Revocable Living Trusts are generally straightforward, there can be occasional hiccups. For instance, I once worked with a family where the trust hadn’t been updated in decades. Their circumstances had changed significantly – new children, grandchildren, and even a divorce.
Needless to say, the outdated terms of the trust caused some confusion and tension among the beneficiaries. Fortunately, we were able to work through it by amending the trust to reflect their current wishes. This situation highlighted the importance of regularly reviewing and updating your trust documents as life evolves.
What Makes Escondido Probate Law Stand Out?
“Steve Bliss and his team at Escondido Probate Law are truly lifesavers! They guided me through a complex probate process with compassion and expertise. I couldn’t have done it without them.”
“Escondido Probate Law provided clear, concise advice that made estate planning much less daunting. They took the time to understand my unique needs and goals.”
Next Steps
Ready to ensure your loved ones are cared for? Take control of your future with a personalized estate plan. Contact Escondido Probate Law today – let us empower you to protect what matters most.
About Steven F. Bliss Esq. at Escondido Probate Law:
Escondido Probate Law is an experienced probate attorney. The probate process has many steps in probate proceedings. Beside Probate, estate planning and trust administration is offered at Escondido Probate Law. Our probate attorney will probate the estate. Attorney probate at Escondido Probate Law. A formal probate is required to administer the estate. The probate court may offer an unsupervised probate get a probate attorney. Escondido Probate law will petition to open probate for you. Don’t go through a costly probate call Escondido Probate Attorney Today. Call for estate planning, wills and trusts, probate too. Escondido 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 Escondido Probate Law: https://maps.app.goo.gl/77Dm2B8W9XkM5YvJA
Address:
Escondido Probate Law720 N Broadway #107, Escondido, CA 92025
(760) 884-4044
Feel free to ask Attorney Steve Bliss about: “Do I need a trust if I already have a will?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About Escondido Probate Law
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