Focusing on Trusts: A Conversation with Probate Expert Steve Bliss
Hello, San Diego and welcome! Today we’re speaking with local probate attorney Steve Bliss about the world of trusts. Steve, thanks for joining us.
Understanding Trusts: Why Are They Important?
Steve: Thanks for having me. Trusts are essential tools for estate planning because they offer numerous benefits. They can help you avoid probate, maintain privacy, and ensure your assets are distributed according to your wishes.
Exploring Different Types of Trusts: The Special Needs Trust
Today we’re going to delve into a specific type of trust: the Special Needs Trust (SNT). Steve, can you explain what makes this type of trust unique?
Steve: An SNT is designed for individuals with disabilities. It allows them to receive financial support without jeopardizing their eligibility for crucial government benefits like Supplemental Security Income (SSI) or Medi-Cal. Ordinarily, receiving direct inheritances would disqualify someone from these programs.
There are two primary types of SNTs: first-party and third-party. A first-party SNT is funded with the beneficiary’s own assets, while a third-party SNT is established and funded by family members or other individuals. Consequently, a properly structured SNT safeguards the beneficiary’s financial well-being while preserving their access to essential government assistance.
Moreover, setting up an SNT requires careful legal guidance. The trust document must be meticulously drafted to comply with complex federal and state regulations. I recall a case where a family attempted to establish an SNT on their own, only to discover later that it didn’t meet the necessary requirements. This resulted in the beneficiary losing critical benefits for a period of time.
It’s crucial to seek the expertise of an experienced probate attorney when creating an SNT. We can help ensure that the trust is properly structured and administered, protecting the beneficiary’s financial security and access to essential services.
Seeking Expert Guidance: Why Choose San Diego Probate Law?
We understand navigating estate planning can be daunting. At San Diego Probate Law, we guide you through every step with compassion and clarity. Our team possesses in-depth knowledge of trust law and is dedicated to crafting tailored solutions that meet your unique needs.
Testimonials: Satisfied Clients Speak Out
“Steve Bliss and his team were incredibly helpful during a difficult time. They made the probate process so much easier to understand and navigate.” – Mary S., San Diego
“I highly recommend San Diego Probate Law. Steve is a true expert in his field, and he always puts his clients’ best interests first.” – John M., La Jolla
Take Control of Your Future: Connect with San Diego Probate Law
Ready to secure your legacy and protect your loved ones? Contact us today for a free consultation. Let our expertise empower you to make informed decisions about your estate planning.
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 trust be contested?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About San Diego Probate Law
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