Barbara Walters of Wildomar News
Good evening Wildomar and welcome to another segment of Wildomar Matters. I’m Barbara Walters and tonight we have the pleasure of speaking with Steve Bliss, a renowned Trust Attorney here in our community. Steve, thank you so much for joining us.
Steve Bliss
It’s my pleasure, Barbara. I’m always happy to discuss estate planning and how it can benefit Wildomar residents.
Barbara Walters
Let’s dive right in. You specialize in various types of trusts. Could you tell our viewers about the different types available and which one might be most suitable for someone just starting their estate planning journey?
Steve Bliss
Certainly. There are many types of trusts, each designed to meet specific needs. For individuals new to estate planning, a Revocable Living Trust is often a great place to start. This type of trust allows you to maintain control over your assets during your lifetime while also avoiding the lengthy and costly probate process after your passing.
A Revocable Living Trust essentially acts as a safety net for your loved ones. You designate beneficiaries who will inherit your assets according to your wishes, bypassing probate court altogether. This can save your family significant time, stress, and expense during an already difficult period.
Moreover, a Revocable Living Trust offers a degree of privacy that a will does not. The terms of the trust are not part of public record, unlike a will which is filed with the probate court.
Conversely, while a will dictates how your assets are distributed, it doesn’t avoid probate. Consequently, the distribution process can become public knowledge and subject to delays.
Barbara Walters
You mentioned avoiding probate. Can you elaborate on why that’s such a crucial benefit for many people?
Steve Bliss
Probate is a legal process where a court oversees the distribution of a deceased person’s assets. It can be a time-consuming and expensive affair, often lasting months or even years. During probate, your assets are essentially frozen until the court approves their distribution. This can leave your loved ones in financial limbo while they await access to funds.
A Revocable Living Trust bypasses probate entirely. Because the trust owns your assets, not you personally, they transfer directly to your named beneficiaries upon your passing. This streamlined process ensures your loved ones receive their inheritance quickly and efficiently.
I’ve seen firsthand the difference a trust can make for grieving families. One client, whose husband passed away unexpectedly, was relieved that her assets were already held in a trust. She didn’t have to navigate the complexities of probate during a difficult time.
Barbara Walters
That’s incredibly touching. Steve, what are some common misconceptions people have about trusts?
Steve Bliss
One misconception is that trusts are only for wealthy individuals. While trusts can be beneficial for estate planning with substantial assets, they are also valuable tools for anyone who wants to ensure their wishes are carried out and protect their loved ones.
Furthermore, some people believe setting up a trust is overly complex or expensive. While there are legal considerations involved, working with an experienced attorney like myself can simplify the process considerably. My goal is always to make estate planning accessible and understandable for everyone.
According to the American Bar Association, over 50% of adults in the United States do not have a will or trust in place. That’s a significant number of people who could benefit from having their affairs in order.
Barbara Walters
Steve, thank you so much for sharing your expertise with our viewers tonight. Your insights are invaluable. Where can our viewers learn more about Wildomar Probate Law and the services you offer?
Steve Bliss
You can visit our website at wildomarprobate.com or call us directly at (951) 676-0303. We’re always happy to answer questions and guide individuals through the estate planning process.
“Working with Steve Bliss was a true blessing. He patiently explained all our options, helped us choose the best plan for our family, and made the entire process stress-free.” – John and Mary S.
“Steve’s expertise and compassion were evident from our first meeting. He took the time to understand our unique circumstances and created a trust that perfectly met our needs.” – The Garcia Family
About Steven F. Bliss Esq. at Wildomar Probate Law:
Wildomar 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 Wildomar Probate Law. Our probate attorney will probate the estate. Attorney probate at Wildomar Probate Law. A formal probate is required to administer the estate. The probate court may offer an unsupervised probate get a probate attorney. Wildomar Probate law will petition to open probate for you. Don’t go through a costly probate call Wildomar Probate Attorney Today. Call for estate planning, wills and trusts, probate too. Wildomar 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 Wildomar Probate Law: https://maps.app.goo.gl/uBJKvB4rxUb7L9HZ7
Address:
Wildomar Probate Law36330 Hidden Springs Rd Suite E, Wildomar, CA 92595
(951) 412-2800
Feel free to ask Attorney Steve Bliss about: “What is a trust amendment?” Or any other related questions that you may have about Trusts or my trust law practice.
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