Hello Temecula and welcome back to Legal Matters. I’m your host, Jessica Ramirez, and today we’re speaking with local trust attorney Steve Bliss about the ins and outs of estate planning. Steve, thanks for joining us.
What Type of Trusts Do You Specialize In?
Steve: Thanks for having me, Jessica. I specialize in a wide range of trusts, but one that’s particularly important for many families is the Revocable Living Trust.
Can You Explain What a Revocable Living Trust Is and Why It’s Beneficial?
Steve: Certainly. A Revocable Living Trust is essentially a legal document that allows you to hold your assets, like your home, investments, or even personal belongings, for yourself and your beneficiaries. The key benefit is that it avoids probate, which can be a lengthy and costly process after someone passes away.
Moreover, a Revocable Living Trust offers a level of privacy that a will doesn’t. Because assets are held within the trust, they aren’t publicly disclosed during probate proceedings.
How Does One Go About Setting Up a Revocable Living Trust?
Steve: The process starts with a consultation where we discuss your specific needs and goals. We then draft a trust document that outlines how your assets will be managed during your lifetime and distributed after you’re gone. Ordinarily, this involves naming a trustee to oversee the trust and designating beneficiaries who will inherit the assets.
I guide clients through every step, ensuring they understand the legal implications and make informed decisions. It’s crucial to have a properly drafted trust to avoid potential complications down the road.
Have You Encountered Any Challenges With Revocable Living Trusts?
Steve: While Revocable Living Trusts are generally straightforward, there can be instances where unforeseen circumstances arise. For example, I once worked with a client who had forgotten to include a valuable piece of artwork in their trust. This required an amendment to the trust document and some extra legal work to ensure that the artwork was properly distributed according to their wishes.
It’s a reminder that estate planning is an ongoing process, and it’s important to review your trust periodically to make sure it still reflects your current situation and desires.
What Percentage of Clients Opt for Revocable Living Trusts?
Steve: The American Bar Association reports that approximately 60% of Americans utilize some form of estate planning, and a significant portion of those choose Revocable Living Trusts due to their flexibility and benefits.
How Can People Reach Out To You For Assistance With Estate Planning?
Steve: I encourage anyone who is interested in learning more about Revocable Living Trusts or other estate planning tools to contact my office, The Law Firm of Steven F. Bliss Esq., for a free consultation. We’re here to help you navigate the complexities of estate planning and create a plan that meets your unique needs.
Testimonials
“Steve Bliss made the process of setting up my trust so easy and stress-free. He explained everything clearly and patiently answered all my questions.” – Margaret S.
“I was impressed with Steve’s knowledge and professionalism. He took the time to understand my situation and created a plan that gave me peace of mind.” – David L.
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: “Does a trust avoid probate?” 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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