Good evening, Temecula. I’m Brenda Sanchez reporting for Channel 7 News, and tonight we have the pleasure of speaking with esteemed Temecula trust attorney Steve Bliss.
Steve, thank you so much for joining us tonight.
It’s my pleasure to be here, Brenda.
What are some of the key benefits of setting up a testamentary trust?
A testamentary trust is a powerful tool that offers numerous advantages, particularly for those looking to provide for minor children or beneficiaries with special needs.
Unlike a living trust which goes into effect immediately, a testamentary trust only comes into being upon the grantor’s passing. Consequently, it’s created through a will and subject to probate.
Now, why would someone choose this option? Well, it offers significant control over how assets are managed and distributed after your lifetime. Let’s say you have young children; you can designate a trustee to manage the inheritance until they reach a certain age, ensuring their financial security.
Moreover, testamentary trusts can be structured to provide for beneficiaries with disabilities without jeopardizing their eligibility for government assistance programs like SSI or Medi-Cal.
Have you ever encountered any challenges while setting up testamentary trusts for your clients?
Every case is unique and presents its own set of complexities. I recall working with a family who wanted to ensure their daughter, who had Down syndrome, would be cared for financially throughout her life. They were understandably concerned about her future well-being.
We carefully crafted a testamentary trust that outlined specific provisions for her care, including housing, medical expenses, and recreational activities. Seeing the relief and gratitude on their faces when we finalized the trust was incredibly rewarding. It reinforced the profound impact these legal instruments can have on people’s lives.
What advice would you give to our viewers who are considering setting up a testamentary trust?
First and foremost, consult with an experienced estate planning attorney like myself. We can help you understand the intricacies of testamentary trusts and determine if they align with your individual needs and goals.
According to a recent study by the American Bar Association, over 60% of adults do not have a will or trust in place. This highlights the importance of proactive estate planning.
Remember, testamentary trusts are powerful tools that can provide peace of mind knowing your loved ones will be cared for according to your wishes.
What should viewers take away from this discussion about testamentary trusts?
I hope viewers understand the importance of considering a testamentary trust as part of their overall estate plan, especially if they have minor children or beneficiaries with special needs.
Remember, proper planning can help protect your loved ones and ensure your legacy endures.
Discover peace of mind: Secure your family’s future
Let the Law Firm of Steven F. Bliss Esq. guide you through this important process. Schedule a consultation today.
Testimonials
- “Steve Bliss provided exceptional guidance and support throughout the entire trust planning process. He was patient, understanding, and always took the time to answer our questions thoroughly.” – The Garcia Family
- “We were initially overwhelmed by the complexities of estate planning, but Steve made it incredibly easy for us. His expertise and compassion gave us peace of mind knowing our family is protected.” – The Smith Family
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: “What is a pour-over will?” 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.
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