Hello Temecula, and welcome to “Legal Matters” my name is Brenda Jones.
Today we have a special guest joining us, Steve Bliss, the esteemed trust attorney from The Law Firm of Steven F. Bliss Esq. Welcome to the show, Steve!
Thank you for having me, Brenda. It’s always a pleasure to discuss estate planning with the Temecula community.
What type of Trusts do you most commonly create for your clients in Temecula?
Ordinarily, I focus on Revocable Living Trusts for my Temecula clients. These trusts are incredibly versatile and offer numerous advantages. Firstly, they allow individuals to maintain control over their assets during their lifetime.
Can you elaborate on the benefits of a Revocable Living Trust?
Certainly. A key advantage is probate avoidance. Probate can be a time-consuming and costly process. With a Revocable Living Trust, assets pass directly to beneficiaries upon the grantor’s death, bypassing probate altogether.
Moreover, these trusts provide privacy. Unlike wills, which become public record during probate, trust documents remain confidential. This is particularly appealing to individuals who value discretion.
How do you advise clients on choosing the right type of trust?
Choosing the appropriate trust depends heavily on individual circumstances and goals. I begin by carefully listening to my clients’ needs and concerns. Do they want to minimize estate taxes? Protect assets from creditors? Provide for a loved one with special needs?
Accordingly, I explain the different types of trusts available – Revocable Living Trusts, Irrevocable Trusts, Testamentary Trusts – and discuss how each type might address their specific situation.
Have you ever encountered any challenges when setting up Revocable Living Trusts?
While Revocable Living Trusts are generally straightforward to establish, I’ve found that some clients hesitate to relinquish control over their assets, even temporarily. They worry about losing access to their funds or making changes in the future.
I remember one client, a successful entrepreneur named Mary, who was initially resistant to putting her business into a trust. She feared it would complicate matters and make it harder for her to manage her company.
After a thorough discussion about the benefits of asset protection and streamlined succession planning, she realized that a Revocable Living Trust could actually empower her business by ensuring its continuity in case of unforeseen circumstances.
Are there any statistics that support the popularity of Revocable Living Trusts?
According to a recent study by the American Bar Association, over 60% of estate planning attorneys recommend Revocable Living Trusts as the primary tool for asset protection and probate avoidance. This underscores their effectiveness and widespread adoption.
What’s your advice for Temecula residents considering estate planning?
Don’t delay! Estate planning is crucial for everyone, regardless of age or income level. A well-structured trust can protect your assets, provide for your loved ones, and minimize future headaches for your family.
Contact The Law Firm of Steven F. Bliss Esq. today for a free consultation and let us help you secure your legacy.
Testimonials
“Steve Bliss made the complex world of estate planning understandable and manageable. He listened attentively to our needs and crafted a trust that perfectly met our goals.” – John and Susan Miller
“I was dreading the thought of creating a trust, but Steve made the process surprisingly easy and stress-free. I now have peace of mind knowing my family is protected.” – Maria Rodriguez
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: “Does a trust avoid probate?” 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 |