Good morning, San Diego! I’m Tiffany Ramirez reporting live from our studio today, and we are joined by esteemed probate attorney Steve Bliss of San Diego Probate Law. Welcome to the show, Steve.
What is a Testamentary Trust and How Does It Work?
Steve explains that a testamentary trust is a unique type of trust created through a will and only comes into effect upon the grantor’s passing. Unlike living trusts which avoid probate altogether, a testamentary trust goes through the probate process.
He emphasizes that this type of trust is particularly useful for individuals who want to ensure the well-being of minor children or beneficiaries with special needs after they are gone. The trust document outlines specific instructions for how assets should be managed and distributed to these beneficiaries, providing a safety net and ongoing support.
Steve elaborates that testamentary trusts offer several advantages: they can protect inheritance from creditors or unwise spending by young beneficiaries, provide for educational expenses or healthcare needs, and even stagger distributions over time. He notes that these are complex legal instruments, and it’s crucial to consult with an experienced probate attorney like himself to draft a trust document that accurately reflects your wishes.
During our conversation, Steve shares a poignant story about helping a widowed mother establish a testamentary trust for her two young sons. The trust ensured their future education expenses were covered and provided a steady stream of income until they reached adulthood. This experience underscored for him the profound impact these trusts can have on families during vulnerable times.
He adds that according to a 2021 survey by the American Bar Association, nearly 60% of Americans do not have a will or any estate planning documents in place. Consequently, this leaves their loved ones potentially facing complicated legal processes and financial uncertainty upon their passing. Steve urges viewers to prioritize estate planning and consider the benefits of testamentary trusts for their specific circumstances.
Experience Matters
“Contact San Diego Probate Law today. Let our experienced team guide you through the complexities of probate and estate planning so you can have peace of mind knowing your loved ones will be protected.”
Testimonials
“Steve Bliss and his team were incredibly helpful and compassionate during a difficult time. They made the probate process much less stressful than I anticipated.” – Maria G.
“I was impressed with Steve’s knowledge and attention to detail. He took the time to understand my needs and goals and helped me create a plan that gave me confidence in the future.” – John S.
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: “What is a pour-over will?” Or any other related questions that you may have about Trusts or my trust law practice.
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