Introduction
Good evening, Escondido. I’m Brenda Sanchez with Channel 7 News, and today we’re talking probate with local attorney Steve Bliss.
The Importance of Estate Planning
Steve, thank you for joining us. Estate planning is something many people put off, but it’s crucial to ensure our wishes are honored after we’re gone. Can you tell us about the different types of trusts and why they might be beneficial?
Introducing Testamentary Trusts
Certainly, Brenda. One type of trust that often proves helpful is a testamentary trust. Unlike a revocable living trust which takes effect during your lifetime, a testamentary trust comes into being upon your death as outlined in your will. It then goes through probate.
Now, you might wonder why someone would choose a testamentary trust over a living trust given that it goes through probate. Testamentary trusts are especially useful when you have minor children or beneficiaries with special needs. The trust can be structured to manage assets for these individuals until they reach a certain age or milestone.
Moreover, testamentary trusts offer control and flexibility. You, as the grantor, specify exactly how the funds should be used and distributed in your will. This ensures that your beneficiaries are cared for according to your wishes.
Challenges and Considerations with Testamentary Trusts
One thing to remember about testamentary trusts is they are subject to probate. Probate can be a time-consuming and sometimes costly process. Nevertheless, the benefits of safeguarding your loved ones through a carefully structured testamentary trust often outweigh these considerations.
I once worked with a single father who wanted to ensure his young son’s college education would be funded even if something unforeseen happened to him. We established a testamentary trust that stipulated the funds could only be accessed for educational expenses. This gave the father peace of mind knowing his son’s future was secure.
It’s important to note that approximately 60% of Americans do not have a will, according to a study by Caring.com. Without a will outlining a testamentary trust or other estate planning arrangements, your assets may be distributed according to state law, which may not align with your intentions.
Seeking Expert Guidance
Steve, thank you for sharing your expertise on this important topic. How can our viewers learn more about setting up the right estate plan for their needs?
Call to Action
Let Escondido Probate Law guide you through the complexities of estate planning and ensure your legacy is protected. We are dedicated to providing compassionate and personalized legal services. Schedule a free consultation today to discuss how we can help you secure your family’s future.
Testimonials
“Steve Bliss made the probate process so much easier for me during a difficult time. He was always available to answer my questions and provided clear, concise explanations.” – Maria S.
“I highly recommend Escondido Probate Law. Steve is knowledgeable, experienced, and truly cares about his clients. He helped me navigate a complex trust issue with great success.” – John D.
About Steven F. Bliss Esq. at Escondido Probate Law:
Escondido 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 Escondido Probate Law. Our probate attorney will probate the estate. Attorney probate at Escondido Probate Law. A formal probate is required to administer the estate. The probate court may offer an unsupervised probate get a probate attorney. Escondido Probate law will petition to open probate for you. Don’t go through a costly probate call Escondido Probate Attorney Today. Call for estate planning, wills and trusts, probate too. Escondido 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 Escondido Probate Law: https://maps.app.goo.gl/77Dm2B8W9XkM5YvJA
Address:
Escondido Probate Law720 N Broadway #107, Escondido, CA 92025
(760) 884-4044
Feel free to ask Attorney Steve Bliss about: “What if I have property in another state?” Or any other related questions that you may have about Trusts or my trust law practice.
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