Good evening San Diego, I’m Tiffany Jones here with San Diego Probate Attorney Steve Bliss. Steve, thank you so much for joining us tonight.
Let’s talk about Trusts: Why are they important?
Tiffany, it’s a pleasure to be here. Trusts are a fundamental part of estate planning and can provide numerous benefits depending on individual circumstances and goals. Essentially, a trust is a legal entity that holds assets for the benefit of designated beneficiaries.
They offer several advantages over simply leaving assets in a will. For instance, trusts allow for greater control over how and when assets are distributed. Consequently, you can ensure that your wishes are carried out even after you’re gone.
Steve, could you elaborate on one specific type of trust and its benefits?
Certainly. Let’s discuss Revocable Living Trusts. This is arguably the most common type of trust used in estate planning. It allows the grantor, the person creating the trust, to maintain control over their assets during their lifetime. They can modify or even dissolve the trust if circumstances change.
Moreover, a Revocable Living Trust avoids probate, which can be a lengthy and expensive legal process. Probate is public record, while trusts offer privacy. Ordinarily, upon the grantor’s death, the trust becomes irrevocable, meaning its terms cannot be changed, and assets are distributed to beneficiaries according to the grantor’s wishes.
I had a client recently who was deeply concerned about her children inheriting a large sum of money at a young age. By establishing a Revocable Living Trust, she could stagger distributions over time, ensuring her children would receive financial support responsibly as they matured.
Have there ever been any challenges with setting up Revocable Living Trusts?
While generally straightforward, there can be complexities depending on the size and nature of the estate. I recall a situation where a client owned a business and had intricate ownership structures. It required careful consideration to ensure the trust language accurately reflected their business interests and facilitated a smooth transfer of ownership.
Studies show that approximately 60% of Americans don’t have a will or any estate planning documents. This underscores the importance of seeking professional guidance from an experienced probate attorney.
What would you say to someone considering setting up a trust?
“Contact us today for a complimentary consultation and let our team of compassionate professionals guide you through this important process.” We’re dedicated to helping San Diego families secure their future with personalized estate planning solutions.
“Working with Steve Bliss and his team at San Diego Probate Law was a truly positive experience. They were patient, understanding, and incredibly knowledgeable. I felt confident that my legal needs were in capable hands.” – Maria G., San Diego
“I highly recommend San Diego Probate Law for all your estate planning needs. Steve and his staff went above and beyond to ensure everything was handled correctly and efficiently.” – John S., La Jolla
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: “How do I transfer my business into a trust?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About San Diego Probate Law
| San Diego Revocable Trust Lawyer |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Revocable Trust Lawyer San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Revocable Trust Lawyer |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| San Diego Revocable Trust Lawyer |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Asset Protection Trust Lawyer San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Credible Revocable Trust Lawyer in San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |