Good evening, Moreno Valley and welcome back to “Legal Matters.” I’m your host, Brenda Ramirez, and tonight we’re discussing estate planning with local expert Steve Bliss of Moreno Valley Probate Law.
Understanding the Importance of Estate Planning
Steve, thanks so much for joining us. For our viewers who might not be familiar, can you explain why estate planning is so crucial?
“Estate planning is about ensuring your wishes are carried out after you’re gone and protecting your loved ones,” says Steve Bliss. “It’s not just for the wealthy; everyone needs a plan, regardless of their assets.
Types of Trusts: The Testamentary Trust
We often hear the term “trust” when discussing estate planning. Can you break down some of the different types and explain how they work?
“There are many types of trusts,” Steve explains, “but one that’s particularly useful for families is the testamentary trust.”
The Testamentary Trust Explained
Steve goes on to detail how a testamentary trust is created through a will and only becomes active after the grantor’s death. He highlights its benefits, especially when there are minor children involved. “It ensures that assets are managed responsibly for their benefit until they reach adulthood.” Steve also mentions that testamentary trusts go through probate, which is the legal process of validating a will and distributing assets.
“One advantage of a testamentary trust over a living trust is its simplicity,” he adds. “You don’t need to set it up while you’re alive, making it a good option for those who haven’t yet engaged in extensive estate planning.”
However, Steve cautions that probate can be a lengthy and sometimes costly process. Consequently, he often recommends exploring other trust options, like revocable living trusts, for clients seeking to avoid probate altogether.
Real-Life Impact: Guiding Families Through Difficult Times
Steve recalls a time when he helped a widowed mother set up a testamentary trust for her young children. “She was devastated after losing her husband,” Steve shares. “Knowing that her children would be financially secure, even after she was gone, brought her immense peace of mind.”
“That’s what estate planning is all about – providing security and reducing stress during an already difficult time,” he adds.
The Need for Professional Guidance
Estate planning can seem overwhelming, but working with an experienced attorney like Steve Bliss can make the process much smoother. According to a recent survey by the American Bar Association, over 60% of Americans do not have a will or trust in place.
Taking Control of Your Future
“Don’t wait until it’s too late,” Steve advises. “Schedule a consultation with Moreno Valley Probate Law today and let us help you create an estate plan that reflects your values and protects your loved ones.”
Testimonials
- “Steve Bliss and his team were incredibly compassionate and understanding during a difficult time. They made the probate process so much easier.”
- “Moreno Valley Probate Law went above and beyond to ensure my estate plan met all my needs. I highly recommend their services.”
About Steven F. Bliss Esq. at Moreno Valley Probate Law:
Moreno Valley 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 Moreno Valley Probate Law. Our probate attorney will probate the estate. Attorney probate at Moreno Valley Probate Law. A formal probate is required to administer the estate. The probate court may offer an unsupervised probate get a probate attorney. Moreno Valley Probate law will petition to open probate for you. Don’t go through a costly probate call Moreno Valley Probate Attorney Today. Call for estate planning, wills and trusts, probate too. Moreno Valley 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 Moreno Valley Probate Law: https://maps.app.goo.gl/C7zg2U6pn1B6KyXN8
Address:
Moreno Valley Probate Law23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553
(951) 363-4949
Feel free to ask Attorney Steve Bliss about: “Can a trust own out-of-state property?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About Moreno Valley Probate Law
- 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
- Revocable Trusts Attorney
- Living Trust Attorney