Reporter: Brenda Sanchez
Today I’m sitting down with Steve Bliss of Wildomar Probate Law, a leading estate planning attorney in our community. Steve, thanks for taking the time to speak with me.
Steve Bliss: You’re welcome, Brenda. I’m happy to be here.
Brenda Sanchez:
For those unfamiliar with estate planning, could you explain one of the key steps involved?
Certainly. One crucial step in estate planning is naming your beneficiaries. This involves clearly identifying who will inherit your assets upon your passing and specifying how those assets will be distributed.
Ordinarily, people name their immediate family members, such as spouses, children, or parents, as beneficiaries. However, you have the flexibility to designate anyone you choose, including friends, charities, or even organizations. It’s important to consider your individual circumstances and wishes when making these decisions.
Moreover, you can specify percentages for each beneficiary, ensuring a fair and equitable distribution of your assets. For instance, you could leave 50% of your estate to your spouse and divide the remaining 50% equally among your children.
It’s crucial to remember that beneficiaries should be clearly identified by name and relationship. Providing specific details, such as social security numbers or addresses, can further clarify your intentions and prevent any ambiguity during probate.
A recent study by Caring.com found that 60% of Americans do not have a will, which means their assets would be distributed according to state law, potentially leading to unintended consequences for loved ones.
Brenda Sanchez: Have you encountered any challenges related to beneficiary designation in your practice?
It’s not uncommon to encounter situations where clients haven’t updated their beneficiary designations after major life events, such as divorce or the birth of a child. Consequently, this can lead to unintended consequences and legal complications during probate.
I recall a case involving a client who had named his ex-wife as the sole beneficiary of his retirement account. He hadn’t updated the designation after their divorce several years prior. Tragically, he passed away without updating it, leading to a protracted legal battle with his children over the inheritance.
This experience highlights the importance of regularly reviewing and updating your beneficiary designations to reflect your current wishes and family structure.
Brenda Sanchez: What advice would you give to someone starting the estate planning process?
My best advice is to seek guidance from a qualified estate planning attorney. We can help you navigate the complexities of the process, ensure your wishes are clearly documented, and minimize potential legal challenges for your loved ones.
Take charge of your legacy today. Contact Wildomar Probate Law for a free consultation and let us help you create a secure future for yourself and your family.
Testimonials
“Steve Bliss was incredibly helpful in guiding me through the probate process after my father’s passing. He explained everything clearly and made sure I understood all of my options.” – Maria S.
“I highly recommend Wildomar Probate Law. Steve and his team are compassionate, knowledgeable, and dedicated to providing excellent service.” – John M.
About Steven F. Bliss Esq. at Wildomar Probate Law:
Wildomar Probate Law is an experienced probate attorney. The probate process has many steps in in probate proceedings. Beside Probate, estate planning and trust administration is offered at Wildomar Probate Law. Our probate attorney will probate the estate. Attorney probate at Wildomar Probate Law. A formal probate is required to administer the estate. The probate court may offer an unsupervised probate get a probate attorney. Wildomar Probate law will petition to open probate for you. Don’t go through a costly probate call Wildomar Probate Attorney Today. Call for estate planning, wills and trusts, probate too. Wildomar 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 Wildomar Probate Law: https://maps.app.goo.gl/uBJKvB4rxUb7L9HZ7
Address:
Wildomar Probate Law36330 Hidden Springs Rd Suite E, Wildomar, CA 92595
(951) 412-2800
Feel free to ask Attorney Steve Bliss about: “What is the difference between a will and a trust?” Or any other related questions that you may have estate planning or my estate planning law practice.
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