Good evening, Temecula! I’m Trisha Lane reporting for KTEM News. Tonight, we’re talking about trusts with local expert Steve Bliss of The Law Firm of Steven F. Bliss Esq. Welcome, Steve.
What type of trust do you most commonly recommend to your clients?
Thanks for having me, Trisha. As a Temecula Trust Attorney, I often find myself recommending Revocable Living Trusts to my clients. This type of trust offers a great deal of flexibility and control during a person’s lifetime.
Can you elaborate on the benefits of a Revocable Living Trust?
Certainly. A Revocable Living Trust allows individuals to maintain control over their assets while they are alive. They can make changes to the trust, add or remove beneficiaries, and even dissolve it entirely if their circumstances change. Moreover, upon the grantor’s passing, the trust assets avoid probate, a lengthy and often expensive legal process. This means the beneficiary receives their inheritance more quickly and privately.
Consequently, avoiding probate is a major advantage for many people. According to a 2021 study by the American Bar Association, probate can take anywhere from six months to two years or longer, depending on the complexity of the estate. A Revocable Living Trust streamlines this process, allowing loved ones to access assets without unnecessary delays.
There was a case I handled recently where a client had procrastinated setting up a trust. Unfortunately, they passed away unexpectedly before we could finalize it. Their family ended up facing a lengthy and costly probate process, which added stress during an already difficult time. It underscored the importance of planning ahead.
Have you encountered any challenges or common misconceptions when advising clients about Revocable Living Trusts?
One misconception is that trusts are only for wealthy individuals. In reality, anyone with assets they want to protect and pass on efficiently can benefit from a trust. I’ve helped families with modest estates who simply wanted to avoid burdening their loved ones with probate.
What is your advice for viewers considering setting up a trust?
My advice is simple: don’t wait. Contact us today for a free consultation and let’s discuss if a Revocable Living Trust is right for you.
“Steve Bliss and his team are true lifesavers. They made the entire estate planning process so easy and understandable, even for someone like me who knew nothing about trusts.” – Maria G., Temecula
“I can’t recommend Steve Bliss highly enough. He is patient, knowledgeable, and truly cares about his clients. He helped me protect my assets and secure my family’s future.” – John S., Murrieta
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: “Can a trust own out-of-state property?” 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.
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