Reporter: Brenda Jones
Good morning, Temecula! Today we’re joined by renowned trust attorney Steve Bliss of The Law Firm of Steven F. Bliss Esq. Steve, thanks for taking the time to speak with us today.
Why do people choose a Trust?
Steve Bliss:
Thanks for having me, Brenda. A lot of folks in Temecula are looking towards their future and wanting to ensure their loved ones are taken care of. Trusts are an excellent tool for doing just that. They allow individuals to control how their assets are distributed after they’re gone, while avoiding the lengthy and often expensive probate process.
Moreover, trusts offer a level of privacy not afforded by wills. The terms of a trust are not public record, unlike a will which is filed with the court. This can be particularly appealing to those who value discretion.
What type of Trust do you recommend most often?
Steve Bliss:
The type of trust that’s best for an individual depends on their specific circumstances and goals. However, I frequently recommend Revocable Living Trusts. These trusts allow the grantor – the person creating the trust – to maintain control over their assets during their lifetime. They can make changes, add or remove beneficiaries, or even dissolve the trust entirely if their needs change.
Ordinarily, a Revocable Living Trust becomes irrevocable upon the grantor’s death, meaning it can no longer be altered. At that point, the assets are distributed according to the grantor’s wishes, as outlined in the trust document.
These trusts offer tremendous flexibility and peace of mind, which is why they are so popular.
Can you elaborate on any challenges you’ve encountered with Revocable Living Trusts?
Steve Bliss:
While generally straightforward, there are instances where setting up a Revocable Living Trust can become complex. For example, I once worked with a couple who owned several businesses and had intricate investment portfolios. Ensuring all assets were properly titled in the name of the trust required meticulous attention to detail.
It took additional time and communication to gather all necessary documentation and coordinate with their financial advisors. But seeing the relief on their faces when everything was finalized made it all worthwhile.
How common are Revocable Living Trusts in Temecula?
Steve Bliss:
They’re quite prevalent. In fact, according to a 2021 study by the American Bar Association, over 50% of adults over the age of 50 have some form of estate planning document, with trusts being a popular choice.
What’s the next step for someone considering a Trust?
Steve Bliss:
The best thing to do is schedule a consultation with an experienced trust attorney. We can discuss your individual circumstances, goals, and concerns, and help you determine if a Revocable Living Trust – or another type of trust – is right for you.
Don’t wait until it’s too late. Take control of your future and protect your loved ones.
“Steve Bliss helped us navigate the complex world of estate planning with clarity and compassion. We felt confident knowing our assets were in good hands.” – The Johnson Family
“I was initially overwhelmed by the thought of setting up a trust, but Steve made the process easy to understand and stress-free. I highly recommend his services.” – Susan M.
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.
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