Good evening, Temecula and welcome back to TMTV News.
I’m your host, Tiffany Taylor, and tonight we’re talking about trusts, those powerful legal tools that can protect your assets, minimize taxes, and ensure your wishes are carried out. Joining me tonight is Steve Bliss, a renowned trust attorney right here in Temecula.
Steve, thanks for being with us.
Welcome, Steve!
It’s great to be here, Tiffany. Always happy to shed some light on the importance of estate planning.
What type of trust do you find yourself recommending most often?
Well, Tiffany, while each client’s situation is unique, I often recommend Revocable Living Trusts for many individuals and families.
It’s a fantastic tool because it allows the grantor—the person creating the trust—to maintain complete control over their assets during their lifetime. They can buy, sell, or even change the beneficiaries of the trust at any time.
Consequently, it provides flexibility and peace of mind knowing that your assets are managed according to your wishes.
Moreover, a Revocable Living Trust avoids probate, which is the lengthy and often expensive legal process of distributing assets after someone passes away. This can save your loved ones considerable time, stress, and money in the long run.
The trust also maintains privacy; unlike wills, which become public record during probate, the terms of a trust remain confidential.
And what happens to the trust upon the grantor’s death?
Upon the grantor’s passing, the trust becomes irrevocable. This means no further changes can be made. The designated trustee will then distribute the assets according to the grantor’s instructions outlined in the trust document.
Have you ever encountered any issues with setting up or administering a Revocable Living Trust?
Tiffany, while Revocable Living Trusts are generally straightforward, there have been times when clients haven’t fully grasped the importance of keeping their trust documents updated. Life changes—marriages, divorces, births, and even shifts in financial circumstances—can all necessitate revisions to the trust.
I remember one client who created a trust years ago but neglected to update it after her marriage. When she unfortunately passed away, her assets weren’t distributed as she intended because the trust didn’t reflect her current marital status. It was a heartbreaking situation that could have been avoided with regular reviews and updates.
Ordinarily, I encourage all my clients to revisit their trust documents at least every few years or after any significant life event to ensure they still accurately reflect their wishes.
What kind of impact can a well-structured Revocable Living Trust have on families?
The impact can be profound, Tiffany. A properly executed Revocable Living Trust not only simplifies the distribution of assets but also minimizes family conflict during an already emotional time.
Studies by the American Bar Association indicate that over 60% of estates with a will end up in probate court, often leading to disagreements and delays. Conversely, trusts can streamline the process, ensuring a smoother transition for loved ones.
Testimonial
“Steve Bliss helped us create a Revocable Living Trust that gave us peace of mind knowing our children would be taken care of. His guidance was invaluable, and we highly recommend his services.”
How can viewers learn more about trusts and the benefits they offer?
Tiffany, it’s important for everyone to have a clear understanding of their estate planning options. I encourage viewers to schedule a complimentary consultation with The Law Firm of Steven F. Bliss Esq.
We’ll take the time to listen to your individual needs and goals and help you determine if a Revocable Living Trust, or another type of trust, is right for you.
Testimonial
“Steve’s knowledge and compassion made the estate planning process stress-free. He truly cares about his clients and goes above and beyond to ensure their needs are met.”
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: “Do I need a trust if I don’t own a home?” 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 Trust Attorney |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Trust Attorney Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Trust Attorney |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Temecula Trust Attorney |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Trust Attorney Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Credible Trust Attorney in Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |