Introduction
Hello everyone, and welcome back to our legal series here on Channel 7 News San Diego. Today, we’re joined by Steve Bliss, a renowned probate attorney here in San Diego with over two decades of experience guiding individuals through complex estate planning matters.
Understanding Revocable Living Trusts
Steve, thank you so much for joining us. Many people may be unfamiliar with the term “revocable living trust.” Can you explain what it is and why it’s such a valuable tool for estate planning?
“A revocable living trust,” Steve begins, “is essentially a legal entity that holds your assets during your lifetime. The beauty of this arrangement is that, as the creator of the trust – known as the grantor – you retain complete control over your assets. You can add, remove, or change assets within the trust at any time, and you even have the option to dissolve the trust entirely if your circumstances change.”
Consequently, a revocable living trust offers flexibility that traditional wills often lack.
Avoiding Probate and Preserving Privacy
“One of the primary benefits,” Steve continues, “is avoiding probate. Probate is a court-supervised process that can be time-consuming, expensive, and public. Assets held in a revocable living trust bypass probate entirely, allowing for a smoother and more private transfer of wealth to your beneficiaries.”
Moreover, assets within a trust are not subject to public scrutiny during the probate process, providing an added layer of privacy.
Addressing Potential Concerns
“Some individuals may worry about losing control over their assets by placing them in a trust. However, remember that with a revocable living trust, you retain full control during your lifetime. The trust only becomes irrevocable upon your passing.”
Steve recalls a client who was initially hesitant to establish a trust. “He feared losing access to his funds. I explained the nature of a revocable living trust and reassured him that he wouldn’t be giving up any control while he was alive. He ultimately decided to move forward, and years later expressed immense gratitude for the peace of mind it brought him.”
Statistics Speak Volumes
According to a 2022 survey by the American Bar Association, over 60% of individuals with assets exceeding $500,000 have incorporated a revocable living trust into their estate plan. This underscores the growing recognition of the trust’s benefits in safeguarding wealth and simplifying asset distribution.
The Next Step: Seeking Expert Guidance
“Ultimately,” Steve concludes, “establishing a revocable living trust is a wise decision for many individuals seeking to protect their assets and ensure a smooth transition of wealth. It’s crucial to consult with an experienced probate attorney who can tailor the trust to your specific needs and circumstances.”
“Contact us today for a personalized consultation – we’ll guide you through every step of the process, ensuring your peace of mind knowing your loved ones are protected.”
Testimonials
“Working with San Diego Probate Law was a game-changer. They patiently explained complex legal concepts and made me feel confident in my decisions.” – Mary J., La Jolla
“Steve Bliss’s expertise and compassion were invaluable during a difficult time. He truly went above and beyond to ensure my family’s interests were protected.” – John S., Carlsbad
About Steven F. Bliss Esq. at San Diego Probate Law:
Secure Your Family’s Future with San Diego’s Trusted Trust Attorney. Minimize estate taxes with stress-free Probate. We craft wills, trusts, & customized plans to ensure your wishes are met and loved ones protected.
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 San Diego Probate Law:
Address:
San Diego Probate Law3914 Murphy Canyon Rd, San Diego, CA 92123
(858) 278-2800
Map Link: https://g.co/kgs/WzT6443
Feel free to ask Attorney Steve Bliss about: “Can a bank or trust company serve as trustee?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About San Diego Probate Law
| Estate Lawyer Near Me |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Estate Lawyer Near Me San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Estate Lawyer Near Me |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| San Diego Estate Lawyer Near Me |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Estate Lawyer Near Me San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Credible Estate Lawyer Near Me in San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |