Good evening, San Diego! This is Barbara Ramirez reporting for Channel 7 News. Tonight we’re sitting down with local probate attorney Steve Bliss of San Diego Probate Law to discuss the importance of estate planning and how different types of trusts can help protect your assets and ensure your wishes are carried out.
What Type of Trust Should People Consider?
Steve, there are so many different types of trusts. Can you tell us about some of the most common ones and which might be right for different individuals?
“Barbara, that’s a great question. The type of trust someone needs really depends on their individual circumstances and goals. For example, a Revocable Living Trust is a popular choice because it offers flexibility during your lifetime while avoiding the lengthy and costly probate process after you’re gone.
Conversely, an Irrevocable Trust provides more robust asset protection but sacrifices some control as it cannot be easily modified once established. Testamentary Trusts are created through a will and come into effect upon death, often used to manage assets for minor children or beneficiaries with special needs.”
The Advantages of a Revocable Living Trust
Steve, can you elaborate on the benefits of a Revocable Living Trust?
“Certainly. A Revocable Living Trust allows you to maintain control over your assets during your lifetime. You can add or remove assets, change beneficiaries, and even dissolve the trust if needed. Moreover, because the trust avoids probate, it saves your loved ones time, stress, and potentially significant legal fees.
“There’s a common misconception that only wealthy individuals need trusts. However, anyone with assets they want to protect and distribute according to their wishes can benefit from a Revocable Living Trust,” Steve explains. “I’ve worked with families of all income levels who have found peace of mind knowing their loved ones will be cared for after they are gone.”
“Just last year, I helped a young couple establish a Revocable Living Trust to protect the inheritance they planned to leave for their children. They were initially hesitant about the costs involved but realized the immense value it provided in safeguarding their family’s future.”
According to a 2022 survey by the American Bar Association, over 60% of Americans do not have a will or trust in place. This lack of planning can lead to unintended consequences and potentially costly legal battles for families.
San Diego Probate Law: Experienced Trust Attorneys
“Steve, thank you for sharing your expertise with us tonight. How can our viewers learn more about setting up a Revocable Living Trust or other estate planning tools?
“Barbara, it’s been my pleasure. Anyone interested in learning more about trusts and estate planning is welcome to contact San Diego Probate Law for a free consultation. We are dedicated to providing personalized guidance and ensuring our clients have peace of mind knowing their assets are protected and their wishes will be honored.”
Testimonials
- “San Diego Probate Law made the process of setting up my trust so easy! They were patient, explained everything in detail, and always responded to my questions promptly. I highly recommend them.”
- “I was overwhelmed by the thought of estate planning but Steve Bliss put me at ease. He’s a true expert and helped me create a plan that met all of my needs.”
About Steven F. Bliss Esq. at San Diego Probate Law:
Secure Your Family’s Future with San Diego’s Trusted Trust Attorney. Minimize estate taxes with stress-free Probate. We craft wills, trusts, & customized plans to ensure your wishes are met and loved ones protected.
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 San Diego Probate Law:
Address:
San Diego Probate Law3914 Murphy Canyon Rd, San Diego, CA 92123
(858) 278-2800
Map Link: https://g.co/kgs/WzT6443
Feel free to ask Attorney Steve Bliss about: “Can I name a professional trustee?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About San Diego Probate Law
- Special Needs Trust Attorney
- Spendthrift Trust Attorney
- Tax By-Pass Trust Attorney
- Totten Trust Attorney
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- Charitable Trust Attorney
- Asset Protection Trust Attorney
- Irrevocable Trust Attorney
- Revocable Trusts Attorney
- Living Trust Attorney