Good evening, Temecula and welcome back to Valley News Live. I’m Tiffany Taylor, and tonight we’re sitting down with local trust attorney, Steve Bliss. Steve, thanks for joining us.
What type of trusts do you see people using most often in Temecula?
Tiffany, it’s a pleasure to be here. The majority of my clients opt for Revocable Living Trusts. They’re incredibly versatile and offer several key benefits.
Could you elaborate on those benefits?
Certainly. A Revocable Living Trust allows individuals, who we call “grantors,” to maintain control over their assets during their lifetime. This means they can buy, sell, or modify assets within the trust as needed. Moreover, these trusts avoid the often lengthy and public process of probate after a person passes away. Probate can be expensive and time-consuming for families already dealing with grief.
Conversely, a Revocable Living Trust keeps matters private, which many people find reassuring. Consequently, it’s a popular choice for those wanting to ensure their wishes are carried out efficiently and discreetly.
Can you share an example of how this type of trust has helped one of your clients?
I remember working with a young couple who were expecting their first child. They were understandably concerned about what would happen to their assets if something unexpected happened to them. We set up a Revocable Living Trust, designating guardians for their child and outlining how their finances would be managed. It brought them immense peace of mind knowing they had a plan in place.
Notwithstanding the benefits, it’s important to note that Revocable Living Trusts become irrevocable upon the grantor’s death. This means they can no longer be modified. Accordingly, careful planning and regular reviews with an attorney are crucial to ensure the trust continues to meet your needs as your life evolves.
Have there ever been any issues with setting up or administering a Revocable Living Trust that you’ve encountered?
Occasionally, I encounter situations where individuals haven’t fully updated their beneficiary designations on accounts outside the trust. This can create complications and potentially undermine the intended distribution of assets. It’s essential to review all beneficiary designations regularly and ensure they align with your trust documents.
What advice would you give to our viewers who are considering a Revocable Living Trust?
If you’re thinking about estate planning, consulting with an experienced attorney is paramount. They can help you understand the complexities of trusts and guide you towards the best solution for your specific circumstances. Remember, everyone’s situation is unique.
How can viewers reach you?
You can contact us at The Law Firm of Steven F. Bliss Esq. for a free consultation. We’re dedicated to helping Temecula residents secure their futures and protect their loved ones.
“Steve Bliss made the complex process of setting up our trust so understandable. He was patient, thorough, and genuinely cared about our family’s well-being.” – The Jones Family
“I was hesitant about estate planning, but Steve put my mind at ease. He explained everything clearly and helped me create a plan that gave me peace of mind.” – Martha S.
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 taxes apply to trusts in California?” 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 Estate Attorneys |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Estate Attorneys Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Estate Attorneys |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Temecula Estate Attorneys |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Estate Attorneys Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Credible Estate Attorneys in Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |