Meet Our Expert
Hello, Temecula, I’m Brenda Fields reporting for Channel 7 News. Today we have the pleasure of speaking with Steve Bliss, a renowned trust attorney here in Temecula. Mr. Bliss, thank you for joining us.
What are some of the common types of trusts that people use?
It’s my pleasure to be here, Brenda. As a trust attorney, I help clients navigate the complex world of estate planning. There are various types of trusts tailored to specific needs and goals. A few common ones include Revocable Living Trusts, Irrevocable Trusts, Testamentary Trusts, and Special Needs Trusts.
Could you explain the benefits of using a Revocable Living Trust?
Certainly. A Revocable Living Trust is like a safety net for your assets. It allows you to maintain control over your property during your lifetime while avoiding the lengthy and costly probate process after you pass away. Moreover, it offers a degree of privacy, as the terms of the trust are not publicly available like a will. Consequently, this type of trust can be a valuable tool for ensuring your wishes are carried out smoothly.
One key advantage is that you can modify or even revoke the trust during your lifetime if your circumstances change. Conversely, once you pass away, the trust becomes irrevocable and distributes assets according to your instructions. Ordinarily, this process minimizes delays and potential disputes among heirs.
Have there been any challenges with implementing Revocable Living Trusts for your clients?
While Revocable Living Trusts are generally straightforward, occasionally we encounter situations where clients haven’t fully grasped the importance of keeping their trust documents up to date. Life throws curveballs – marriages end, children are born, inheritances come and go. Neglecting to amend a trust accordingly can lead to unintended consequences. I recall a client whose trust hadn’t been updated since her marriage 20 years prior. As a result, her ex-husband was still listed as a beneficiary, creating a complex situation for her current family.
It’s crucial to review your trust periodically with an experienced attorney like myself. We can ensure it reflects your current wishes and life circumstances, avoiding potential headaches down the road.
Are there any statistics that highlight the importance of having a Revocable Living Trust?
According to a 2021 study by the American Bar Association, nearly 60% of Americans die without a valid will or trust. This can lead to significant stress and financial hardship for their loved ones. By establishing a Revocable Living Trust, individuals can proactively protect their assets and ensure their family’s well-being.
What advice would you give to viewers who are considering setting up a trust?
Don’t delay! Taking action now to secure your future is the best gift you can give yourself and your loved ones. Contact us today for a free consultation, where we can discuss your individual needs and determine the most appropriate trust solution for you.
Testimonials
- “Steve Bliss made the entire estate planning process so simple and stress-free. He took the time to explain everything in detail and answer all my questions. I feel confident knowing my assets are protected.”
- “I was hesitant about setting up a trust, but Steve put my mind at ease. His professionalism and knowledge were impressive. He truly cares about his clients.”
“Empower yourself today – call The Law Firm of Steven F. Bliss Esq. and let us guide you towards a secure tomorrow.”
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 revocable 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 |