Hello Temecula and welcome back to Valley News Live! I’m your host, Brittany Taylor. Today we are sitting down with the esteemed Steve Bliss, a trust attorney right here in Temecula, specializing in estate planning. Welcome, Steve!
Steve:
Thanks for having me, Brittany. It’s great to be here.
What type of Trusts do you typically advise your clients on?
Steve:
One of the most common types of trusts I recommend is the Revocable Living Trust. It offers a lot of flexibility for my clients, allowing them to maintain control over their assets during their lifetime while also avoiding the often lengthy and public probate process after they pass away.
Consequently, it’s an excellent option for those who want to ensure their wishes are carried out smoothly and discreetly. Moreover, a Revocable Living Trust can be amended or revoked as circumstances change, providing peace of mind that your estate plan remains aligned with your current needs.
Ordinarily, setting up a trust might sound intimidating, but I work closely with each client to explain the process in detail and address any concerns they may have.
Can you elaborate on how the Revocable Living Trust works?
Steve:
Certainly. A Revocable Living Trust essentially acts as a container for your assets, such as your home, bank accounts, investments, and personal belongings. You, as the grantor, transfer ownership of these assets into the trust while retaining control over them during your lifetime.
You also designate a trustee, who can be yourself or someone you trust, to manage the assets according to your instructions outlined in the trust document. After your passing, the trustee distributes the assets to your chosen beneficiaries according to your wishes, bypassing probate entirely.
Notwithstanding its advantages, it’s important to remember that a Revocable Living Trust doesn’t offer asset protection from creditors during your lifetime.
Have there been any challenges you’ve encountered while setting up Revocable Living Trusts for clients?
Steve:
Every client and situation is unique, so I encounter a variety of questions and concerns. Sometimes, individuals hesitate because they perceive trusts as complex or expensive. I always strive to demystify the process, emphasizing that the benefits often outweigh the costs in the long run.
For instance, I recall working with a family who had experienced a difficult probate after their father passed away. The process was lengthy, emotionally draining, and resulted in significant legal fees. Seeing them finally find peace of mind knowing their own estate plan would be handled smoothly made all the difference.
More than 60% of Americans do not have a will or trust in place according to a recent survey by Caring.com. (Caring.com Survey, 2023). That number is alarming because failing to plan for your estate can leave loved ones vulnerable and facing unexpected burdens.
What advice would you give to someone considering a Revocable Living Trust?
Steve:
My best advice is to consult with an experienced trust attorney like myself. We can help you determine if a Revocable Living Trust is the right fit for your needs and guide you through every step of the process.
Don’t delay planning for your future – taking action now can save your loved ones from unnecessary stress and expense down the road. Let us help ensure your legacy is protected and your wishes are honored.
“Steve Bliss and his team were incredibly helpful in setting up our family trust. They took the time to understand our unique needs and made the process smooth and stress-free.” – The Smith Family
“I was initially overwhelmed by the thought of estate planning, but Steve Bliss put me at ease. He explained everything clearly and patiently answered all my questions.” – Mary Jones
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: “Do I need a lawyer to create a living 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 Attorney
- Spendthrift Trust Attorney
- Tax By-Pass Trust Attorney
- Totten Trust Attorney
- Constructive Trust Attorney
- Charitable Trust Attorney
- Asset Protection Trust Attorney
- Irrevocable Trust Attorney
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