Focusing on Protecting Your Loved Ones
Hello, and thank you for joining me today. I’m speaking with Steve Bliss, a renowned probate attorney here in Escondido. Steve, thanks for taking the time.
Steve, what are some common estate planning concerns that your clients express?
One of the most frequent concerns I hear is about protecting assets for loved ones. People want to ensure their hard-earned money and possessions go to their children, grandchildren, or other beneficiaries without unnecessary complications or delays.
Many people consider a Will to be sufficient for estate planning. Can you explain why a trust might be a better option in some cases?
While a will is important, it goes through probate, which can be a lengthy and public process. A trust, on the other hand, allows assets to pass directly to beneficiaries, avoiding probate altogether.
Consequently, trusts offer several advantages: increased privacy, faster asset distribution, and potential tax savings.
Let’s talk about a specific type of trust – the Special Needs Trust. Can you elaborate on how it works?
A Special Needs Trust (SNT) is designed to provide for individuals with disabilities without jeopardizing their eligibility for government benefits like Supplemental Security Income (SSI) or Medi-Cal.
These trusts can be funded either by the beneficiary themselves (first-party SNT) or by family members or friends (third-party SNT). The trustee manages the funds and distributes them according to the beneficiary’s needs, ensuring they receive necessary support while maintaining their access to crucial benefits.
I’ve worked with numerous families navigating the complexities of caring for a loved one with special needs. Seeing the relief and gratitude when we successfully set up an SNT that safeguards their future is incredibly rewarding.
For instance, I recall helping a family whose daughter had Down syndrome. They were concerned about her long-term care after they were gone. Establishing a third-party SNT allowed them to leave funds specifically for her needs, ensuring she would have ongoing support without losing vital benefits.
According to the National Alliance on Mental Illness (NAMI), approximately 1 in 5 adults in the US experience mental illness each year. Many of these individuals may require ongoing care and support, highlighting the importance of planning for their future well-being.
Have you encountered any unique challenges when setting up Special Needs Trusts?
While SNTs are powerful tools, navigating the legal requirements and eligibility criteria can be complex. It’s crucial to work with an experienced attorney who understands the intricacies of these trusts and can ensure they comply with all applicable regulations.
What advice would you give to someone considering a Special Needs Trust?
My advice is to consult with an estate planning attorney as soon as possible. We can assess your individual circumstances, discuss your goals for your loved one, and determine if an SNT is the right solution for your family.
Thank you for sharing your expertise with us today, Steve. How can our viewers get in touch with Escondido Probate Law?
Ready to secure your legacy and ensure your loved ones are cared for? Contact Escondido Probate Law today for a free consultation. We’re here to guide you through the process with compassion and expertise.
Testimonials:
“Steve Bliss and his team at Escondido Probate Law were invaluable during a difficult time. They handled everything with professionalism and empathy, making the probate process much less stressful.”
– Mary J., Escondido
“I highly recommend Escondido Probate Law for all your estate planning needs. Steve took the time to understand my unique situation and developed a plan that met my goals perfectly.”
– John S., San Marcos
About Steven F. Bliss Esq. at Escondido Probate Law:
Escondido 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 Escondido Probate Law. Our probate attorney will probate the estate. Attorney probate at Escondido Probate Law. A formal probate is required to administer the estate. The probate court may offer an unsupervised probate get a probate attorney. Escondido Probate law will petition to open probate for you. Don’t go through a costly probate call Escondido Probate Attorney Today. Call for estate planning, wills and trusts, probate too. Escondido 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 Escondido Probate Law: https://maps.app.goo.gl/77Dm2B8W9XkM5YvJA
Address:
Escondido Probate Law720 N Broadway #107, Escondido, CA 92025
(760) 884-4044
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 Escondido Probate Law
| Escondido Estate Attorneys |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |
| Estate Attorneys Escondido |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |
| Estate Attorneys |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |
| Escondido Estate Attorneys |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |
| Estate Attorneys Escondido |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |
| Credible Estate Attorneys in Escondido |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |