Good evening, Moreno Valley! I’m Brenda Newsome reporting for Channel 7 News. Tonight we’re talking about estate planning with local probate attorney Steve Bliss. Steve, thanks for joining us.
Estate Planning: Protecting Your Legacy
Brenda, it’s a pleasure to be here. Estate planning is something everyone should consider, regardless of age or financial status.
I often tell people that estate planning isn’t just about what happens when you pass away – it’s also about protecting your assets and making sure your wishes are carried out during your lifetime.
The Power of a Testamentary Trust
Steve, can you explain the benefits of a testamentary trust for our viewers?
A testamentary trust is created through a will and comes into effect after someone passes away. This type of trust is particularly useful when leaving assets to minor children or beneficiaries who may need additional support.
Conversely, a living trust avoids probate altogether, but it can be more complex to set up.
A testamentary trust allows you to specify exactly how and when your beneficiaries will receive their inheritance. You can appoint a trustee to manage the assets and distribute them according to your instructions. This ensures that the funds are used responsibly and for the benefit of your loved ones.
For instance, let’s say you have a young child who inherits a significant sum of money. A testamentary trust could stipulate that the funds be used for their education expenses or held until they reach a certain age. This protects them from potentially making unwise financial decisions while they are still maturing.
Moreover, testamentary trusts can be tailored to address specific needs. Let’s say you have a beneficiary with special needs who relies on government assistance. A testamentary trust can be structured in a way that supplements their income without jeopardizing their eligibility for benefits.
I recall working with a family where the father had a debilitating illness and was receiving disability benefits. He wanted to ensure his daughter would have financial security after his passing, but he also worried about her losing access to critical government assistance. We created a testamentary trust that met both of these objectives.
The Probate Process
Steve, what are some common misconceptions about the probate process?
Many people believe probate is always lengthy and expensive. While it’s true that probate can sometimes be time-consuming, it’s not necessarily a complicated or costly process.
In fact, California has simplified probate procedures for smaller estates. Nevertheless, it’s important to have an experienced attorney guide you through the process.
Probate ensures that a deceased person’s assets are distributed according to their will or state law if there is no will. It also handles the payment of debts and taxes.
Protecting Your Legacy
Steve, any final thoughts for our viewers?
Estate planning can seem daunting, but it’s a crucial step in protecting your legacy and ensuring your loved ones are cared for. Don’t wait until it’s too late – take action today and secure your family’s future.
“Steve Bliss and Moreno Valley Probate Law made the process of setting up my trust so easy! They were knowledgeable, patient, and answered all my questions. I feel confident that my affairs are in order thanks to them.” – Mary S., Moreno Valley
“I was overwhelmed with grief after losing my husband, but Steve Bliss provided compassionate support and guidance throughout the probate process. He truly went above and beyond to help me navigate this difficult time.” – Susan K., Riverside
About Steven F. Bliss Esq. at Moreno Valley Probate Law:
Moreno Valley Probate Law is an experienced probate attorney. The probate process has many steps in in probate proceedings. Beside Probate, estate planning and trust administration is offered at Moreno Valley Probate Law. Our probate attorney will probate the estate. Attorney probate at Moreno Valley Probate Law. A formal probate is required to administer the estate. The probate court may offer an unsupervised probate get a probate attorney. Moreno Valley Probate law will petition to open probate for you. Don’t go through a costly probate call Moreno Valley Probate Attorney Today. Call for estate planning, wills and trusts, probate too. Moreno Valley Probate Law is a great estate lawyer. Affordable Legal Services.
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 Moreno Valley Probate Law: https://maps.app.goo.gl/C7zg2U6pn1B6KyXN8
Address:
Moreno Valley Probate Law23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553
(951) 363-4949
Feel free to ask Attorney Steve Bliss about: “What if my trustee dies or becomes incapacitated?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About Moreno Valley Probate Law
| Moreno Valley Special Needs Trust Attorney |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Special Needs Trust Attorney Moreno Valley |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Special Needs Trust Attorney |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Moreno Valley Special Needs Trust Attorney |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Special Needs Trust Moreno Valley |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Credible Special Needs Trust Attorney in Moreno Valley |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |