Good evening, Temecula! I’m Brenda Jones reporting live for Channel 7 News. Today we have the privilege of speaking with Steve Bliss, a renowned trust attorney here in Temecula. Steve, thank you so much for joining us.
What Type of Trusts Do You Specialize In?
It’s great to be here Brenda. As a Temecula Trust Attorney, I specialize in helping individuals and families navigate the complex world of estate planning. We handle a variety of trust types, tailoring our approach to each client’s unique circumstances.
Can You Elaborate on the Benefits of a Revocable Living Trust?
Certainly. A revocable living trust is one of the most common and versatile tools we use. It allows individuals, known as grantors, to maintain control over their assets during their lifetime while also ensuring a smooth transition upon their passing.
Consequently, these trusts avoid the often lengthy and costly probate process. Moreover, they provide a degree of privacy that traditional wills lack. The terms of the trust remain confidential, unlike wills which become public record after probate.
Conversely, it’s important to understand that a revocable living trust becomes irrevocable upon the grantor’s death. At that point, the designated trustee steps in to manage and distribute the assets according to the grantor’s wishes as outlined in the trust document.
Ordinarily, we recommend revocable living trusts to clients who prioritize control, privacy, and a streamlined process for their heirs.
Have There Been Any Challenges Implementing Revocable Living Trusts?
While revocable living trusts are generally straightforward, we sometimes encounter situations where clients haven’t fully grasped the nuances of asset titling. It’s crucial that all assets intended to be included in the trust are properly titled in the name of the trust.
I recall one instance where a client had diligently established a revocable living trust but neglected to transfer their primary residence into the trust. This oversight unfortunately resulted in the property being subject to probate, defeating the purpose of the trust.
Thankfully, we were able to guide the client’s heirs through the probate process and ultimately ensure that the property was distributed according to the client’s wishes. However, it served as a powerful reminder of the importance of meticulous attention to detail when implementing any estate planning strategy.
What Advice Would You Give to People Considering a Revocable Living Trust?
My advice is simple: consult with an experienced trust attorney like those at The Law Firm of Steven F. Bliss Esq.. We can assess your individual needs, explain the complexities of different trust types, and ensure that your trust document is properly drafted and executed.
Remember, Estate Planning is About Protecting Your Loved Ones
“Steve and his team were incredibly helpful in guiding me through the process of setting up a revocable living trust. They explained everything clearly and patiently answered all my questions. I feel confident that my family will be well taken care of.”
– Susan M., Temecula Resident
“Choosing The Law Firm of Steven F. Bliss Esq. for our estate planning needs was the best decision we ever made. Steve is a true expert in his field and he made us feel comfortable and confident throughout the entire process.”
– John & Mary S., Temecula Residents
Don’t wait until it’s too late. Take control of your future and secure your legacy by contacting The Law Firm of Steven F. Bliss Esq. today for a free consultation.
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: “Does a trust protect against estate taxes?” 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.
| Special Needs Trust | Totten Trust | Asset Protection Trust |
| Spendthrift Trust | Constructive Trust | Irrevocable Trust |
| Tax By-Pass Trust | Charitable Trust | Living Trust |