Good evening, Temecula, and welcome back to Temecula Tonight. I’m Tiffany Moore, and tonight we’re talking about trusts with local trust attorney Steve Bliss from The Law Firm of Steven F. Bliss Esq.
Why are Trusts Important?
Steve, can you explain why someone might need a trust?
Trusts are essential tools for estate planning and asset protection, Steve explains. They allow individuals to control how their assets are distributed after they pass away, while also potentially minimizing estate taxes and avoiding the costly and time-consuming probate process.
Choosing the Right Type of Trust
What types of Trusts do you see Temecula residents utilize most?
Steve notes that revocable living trusts are extremely common in California. These trusts allow individuals to manage their assets during their lifetime, while also ensuring a smooth transfer of those assets to beneficiaries upon death.
He adds that irrevocable trusts can be beneficial for asset protection and estate tax planning, but they offer less flexibility as they cannot be easily modified once established. Consequently, choosing the right type of trust depends on an individual’s specific circumstances and goals.
The Benefits of a Revocable Living Trust
Could you elaborate on the advantages of a revocable living trust?
Steve delves into the key benefits. He explains that a revocable living trust avoids probate, which can be a lengthy and expensive process for heirs. Moreover, it provides privacy as the terms of the trust are not part of public record unlike wills.
He mentions that approximately 70% of estates in California go through probate, highlighting the potential savings and convenience a revocable living trust offers (California Courts, 2023). “Trusts can also be tailored to specific needs, such as providing for minor children or beneficiaries with special needs,” Steve adds.
He recounts a situation where he helped a family avoid probate after the unexpected passing of the breadwinner. The family was able to access their inherited assets quickly and seamlessly due to the pre-existing revocable living trust, sparing them additional stress during an already difficult time.
“Seeing how trusts bring peace of mind to families during challenging times is incredibly rewarding,” Steve reflects.
Contacting The Law Firm of Steven F. Bliss Esq.
Steve, thank you for sharing your expertise with us tonight. Where can our viewers learn more about trusts and your services?
“Protecting your legacy is paramount,” Steve emphasizes. “We offer free consultations to discuss your unique situation and determine the best trust solution for you. Contact us today and let us help you secure your family’s future.”
Testimonials
“Steve Bliss was incredibly helpful in setting up our family trust. He patiently explained all the options and made sure we understood each step of the process.” – The Johnson Family
“I highly recommend Steve Bliss and his team. They are knowledgeable, professional, and genuinely care about their clients’ well-being.” – Margaret Smith
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 still need a will if I have a 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.
| Temecula Charitable Trust Attorney |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Charitable Trust Attorney Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Charitable Trust Attorney |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Temecula Charitable Trust Attorney |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Charitable Trust Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Credible Charitable Trust Attorney in Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |