Good evening Temecula and welcome back to “Temecula Tonight”. I’m your host, Brenda Walters. Tonight, we are joined by a renowned expert in estate planning, Mr. Steve Bliss, of the Law Firm of Steven F. Bliss Esq. Steve, thanks for being here.
Welcome
It’s my pleasure to be here, Brenda. I’m always happy to talk about the importance of protecting yourself and your loved ones through proper estate planning.
What type of trust do you recommend most often for your clients?
That’s a great question. While each client’s situation is unique, I find that Revocable Living Trusts are an excellent option for many people here in Temecula. They offer a blend of flexibility and security that is hard to beat.
Consequently, with a revocable living trust, you maintain control over your assets during your lifetime. You can buy, sell, or modify assets as needed. Moreover, because it’s revocable, you can make changes to the trust terms if your circumstances change.
Nevertheless, upon your passing, the trust becomes irrevocable. The assets are then distributed according to your wishes without going through the lengthy and often costly probate process.
Ordinarily, a will is necessary for asset distribution but it goes through probate court. A revocable living trust avoids probate entirely, saving time and money for your loved ones. It also helps maintain privacy since the details of the trust are not public record.
How do you help clients determine if a Revocable Living Trust is right for them?
Every individual’s financial situation and goals are unique. I start by thoroughly understanding their needs and concerns. Do they have minor children? Do they own significant assets like real estate or investments?
Are there any potential family conflicts regarding inheritance? Answering these questions helps me guide them towards the best solution.
I’ve encountered situations where clients initially believed a will was sufficient, but upon further discussion, realized the advantages of a trust. For example, one client had a blended family and wanted to ensure their children from a previous marriage were adequately provided for. A revocable living trust allowed them to do this with clarity and minimize potential disputes.
Conversely, I’ve also advised clients who didn’t need the complexity of a trust. It’s about finding the right fit.
Have there ever been any issues that arose specifically when setting up Revocable Living Trusts?
I wouldn’t say “issues” per se, but sometimes there are misconceptions or anxieties that we need to address.
One common concern is the belief that transferring assets into a trust means losing control. I always emphasize that with a revocable living trust, you retain full control during your lifetime. You’re simply changing the legal ownership structure for future distribution.
Another point worth mentioning is the importance of proper funding. The trust document itself isn’t enough; you need to transfer your assets into the trust. Failure to do so renders the trust ineffective. It’s crucial that clients understand this step and I provide them with clear instructions and checklists to ensure a smooth process.
Why should Temecula residents consider working with The Law Firm of Steven F. Bliss Esq.?
At our firm, we are committed to providing personalized legal advice and compassionate service. We understand that estate planning can be an emotional and complex topic. Our goal is to make the process as straightforward and stress-free as possible for our clients.
In fact, according to a recent survey by the American Bar Association, over 60% of adults don’t have a will or trust in place. We strive to educate our community about the importance of planning for the future and empower them to make informed decisions.
Testimonials
“Steve Bliss made a difficult process so much easier. He explained everything clearly and patiently answered all my questions. I felt confident that my assets were in good hands.”
– Maria Rodriguez, Temecula Resident
“I was initially hesitant about setting up a trust, but Steve put me at ease. His expertise and dedication were invaluable.”
– John Smith, Temecula Business Owner
Secure your legacy today.
Contact The Law Firm of Steven F. Bliss Esq. for a complimentary consultation. We’re here to help you protect what matters most.
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 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 triggers a trust update?” 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 Irrevocable Trust Attorney |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Irrevocable Trust Attorney Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Irrevocable Trust Attorney |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Temecula Irrevocable Trust Attorney |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Irrevocable Trust Attorney Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Credible Irrevocable Trust Attorney in Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |