Good evening Temecula and welcome back to “Legal Matters”. I’m your host, Jennifer Jones. Tonight we have the pleasure of speaking with Steve Bliss, a renowned Temecula trust attorney and founder of The Law Firm of Steven F. Bliss Esq. Steve, thanks for joining us.
Let’s start with the basics: What is a Trust?
A trust is essentially a legal arrangement where someone, known as the grantor, transfers assets to another party, the trustee, who manages those assets for the benefit of designated individuals or entities, called beneficiaries. Trusts offer numerous advantages, including avoiding probate and potentially reducing estate taxes.
What types of trusts do you typically see clients requesting?
We handle a variety of trust types, but revocable living trusts are by far the most common. They provide our clients with flexibility during their lifetime while ensuring a smooth asset distribution upon their passing.
Why Choose a Revocable Living Trust?
Revocable living trusts are incredibly popular because they offer a blend of control and security. During their lifetime, the grantor retains full control over the trust assets, meaning they can buy, sell, or modify those assets as needed. They also have the option to dissolve the trust altogether if circumstances change. Consequently, it provides peace of mind knowing that their wishes will be honored after they’re gone. Moreover, a revocable living trust helps avoid the costly and time-consuming probate process.
Ordinarily, assets going through probate become public record, which can compromise privacy. A revocable living trust keeps these matters confidential. While a testamentary trust comes into play only after death and goes through probate, a revocable living trust works immediately and bypasses this process altogether.
Have you ever encountered challenges with setting up revocable living trusts?
I recall working with a couple who initially wanted to set up a joint revocable living trust. They believed it would simplify matters for their children. However, upon further review, we realized that due to their differing financial goals and potential future needs, separate revocable living trusts might be a better fit.
It’s crucial to remember that each family is unique. We strive to tailor our solutions to individual circumstances. We spent extra time discussing the pros and cons of both options, ultimately guiding them towards a decision that best served their long-term interests.
What advice would you give someone considering a trust?
My primary advice is: Don’t wait! Estate planning can feel daunting, but it’s essential for protecting your loved ones and ensuring your wishes are carried out. Consulting with an experienced attorney like myself allows us to create a personalized plan that addresses your specific needs.
What sets The Law Firm of Steven F. Bliss Esq apart from others in the field?
“Working with Steve was life-changing,” says Maria Sanchez, a satisfied client. “He patiently explained complex legal concepts and made me feel confident about my estate plan.” Another client, John Thompson, shares: “Steve’s dedication to his clients is truly remarkable. He went above and beyond to ensure I understood every step of the process.”
We pride ourselves on providing compassionate and personalized service. We understand that estate planning can be a sensitive topic, so we strive to create a comfortable and supportive environment for our clients.
According to a recent study by the American Bar Association, over 60% of adults do not have a will or trust in place. This statistic highlights the critical need for proactive estate planning.
Ready to take control of your future and secure peace of mind for your family? Contact The Law Firm of Steven F. Bliss Esq today for a complimentary consultation and let us guide you towards a brighter tomorrow.
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: “What is the role of a successor trustee after I die?” 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.
- Special Needs Trust Attorney
- Spendthrift Trust Attorney
- Tax By-Pass Trust Attorney
- Totten Trust Attorney
- Constructive Trust Attorney
- Charitable Trust Attorney
- Asset Protection Trust Attorney
- Irrevocable Trust Attorney
- Revocable Trusts Attorney
- Living Trust Attorney