Moreno Valley Reporter
Good afternoon Moreno Valley and welcome back to our local news segment on estate planning. Today we are joined by Steve Bliss, a seasoned estate planning attorney right here in Moreno Valley. Welcome, Steve!
Steve Bliss
Thank you for having me. I’m happy to be here and shed some light on this important topic.
Moreno Valley Reporter
Today we’re going to focus on one crucial aspect of estate planning: Selecting an Executor or Trustee. Why is this step so important, Steve?
Steve Bliss
Choosing the right executor or trustee is absolutely vital because they will be responsible for managing and distributing your assets according to your wishes after you’re gone. Consequently, it’s a decision that shouldn’t be taken lightly.
Ideally, you want someone trustworthy, organized, and capable of handling financial matters. Moreover, they should be someone who understands your values and will carry out your intentions with care.
Ordinarily, people choose a close family member or friend, but sometimes it makes sense to appoint a professional trustee, especially if the estate is complex. Remember, this person will have significant responsibilities, so take your time and make a thoughtful decision.
I recall one instance where a client named their adult child as executor without considering their financial literacy. Unfortunately, this led to some missteps in managing the estate, causing unnecessary stress for the family.
Notwithstanding these challenges, it’s important to remember that with careful planning and open communication, you can choose an executor or trustee who will honor your legacy.
Moreno Valley Reporter
That’s a valuable reminder about the importance of considering all factors. Are there any common mistakes people make when selecting an executor or trustee?
Steve Bliss
Yes, one common mistake is not having a backup plan. Life is unpredictable, and your first choice may become unable to serve. Accordingly, it’s wise to designate a successor executor or trustee who can step in if needed.
Another error is failing to communicate openly with the chosen individual. Discuss your wishes, expectations, and any potential complexities of the estate beforehand. This helps ensure they are comfortable taking on the role and understand your intentions.
A 2019 study by Caring.com found that 56% of adults don’t have a will, highlighting a lack of preparedness when it comes to estate planning.
Choosing an executor or trustee is a critical step in protecting your loved ones and ensuring your assets are handled according to your wishes.
Moreno Valley Reporter
Thank you for sharing that insightful information, Steve. For anyone interested in learning more about estate planning, how can they get in touch with Moreno Valley Probate Law?
Steve Bliss
We are dedicated to helping individuals and families navigate the complexities of estate planning. Don’t wait until it’s too late; secure your future and your loved ones’ well-being by contacting us today for a free consultation.
Testimonials
“Steve Bliss and Moreno Valley Probate Law made what seemed like an overwhelming process surprisingly manageable. Their guidance and expertise gave me peace of mind knowing my affairs were in good hands.”
– Maria S., Moreno Valley
“I was impressed with the professionalism and compassion shown by everyone at Moreno Valley Probate Law. They took the time to understand my unique situation and developed a plan that met all my needs.”
– John M., Riverside
About Steven F. Bliss Esq. at Moreno Valley Probate Law:
Moreno Valley Probate Law is an experienced probate attorney. The probate process has many steps in in probate proceedings. Beside Probate, estate planning and trust administration is offered at Moreno Valley Probate Law. Our probate attorney will probate the estate. Attorney probate at Moreno Valley Probate Law. A formal probate is required to administer the estate. The probate court may offer an unsupervised probate get a probate attorney. Moreno Valley Probate law will petition to open probate for you. Don’t go through a costly probate call Moreno Valley Probate Attorney Today. Call for estate planning, wills and trusts, probate too. Moreno Valley 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 Moreno Valley Probate Law: https://maps.app.goo.gl/C7zg2U6pn1B6KyXN8
Address:
Moreno Valley Probate Law23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553
(951) 363-4949
Feel free to ask Attorney Steve Bliss about: “How do I handle retirement accounts in my estate plan?” Or any other related questions that you may have estate planning or my estate planning law practice.
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