Interview with Steve Bliss of San Diego Probate Law
Good afternoon, San Diego. Today we’re joined by Steve Bliss, a respected probate attorney here in San Diego, who specializes in estate planning and trust administration. Steve, thanks for joining us today.
It’s my pleasure to be here.
Types of Trusts: Choosing the Right Fit
Steve, there are many different types of trusts available. Could you explain some of the most common ones used in California and when they might be appropriate?
Certainly. One of the most popular choices is the Revocable Living Trust. This type of trust allows individuals to maintain control over their assets during their lifetime while also avoiding probate upon their passing. The grantor can make changes or even dissolve the trust entirely as long as they are alive and mentally competent. Consequently, it offers both flexibility and peace of mind.
Another common type is the Irrevocable Trust, which, as its name suggests, cannot be easily modified or revoked once established. While this may seem restrictive, it can be advantageous for asset protection, estate tax reduction, and Medicaid planning. Moreover, it removes assets from the grantor’s taxable estate, potentially saving on inheritance taxes.
Navigating Probate: The Importance of Careful Planning
Let’s delve a little deeper into Revocable Living Trusts. What are some key considerations for someone contemplating setting up this type of trust?
A crucial aspect is understanding that while a Revocable Living Trust avoids probate, it doesn’t eliminate the need for proper estate planning. You still need to designate beneficiaries and clearly outline your wishes regarding asset distribution. Additionally, it’s important to regularly review and update your trust documents as circumstances change, such as marriage, divorce, or the birth of children.
Notwithstanding these considerations, the benefits are significant. According to a study by the American Bar Association, probate can take anywhere from six months to several years and cost thousands of dollars in legal fees. A Revocable Living Trust can streamline this process, ensuring your assets are distributed efficiently and according to your wishes.
I’ve encountered situations where individuals delayed setting up a trust, assuming it was something they could address later. Unfortunately, unforeseen events can occur, leaving their loved ones facing a lengthy and costly probate process. One client, a young mother, tragically passed away without a will or trust in place. Her family ended up spending over two years and tens of thousands of dollars navigating probate.
- Maintaining control over your assets during your lifetime
- Avoiding the costly and time-consuming probate process
- Ensuring your wishes are carried out after you pass away
Seeking Expert Guidance: San Diego Probate Law
Steve, for those considering setting up a trust or exploring other estate planning options, what advice would you give?
I strongly recommend consulting with an experienced probate attorney. Estate planning can be complex and the laws surrounding trusts are constantly evolving. An attorney like myself can guide you through the process, help you choose the right type of trust for your specific needs, and ensure all necessary documents are properly prepared.
At San Diego Probate Law, we’re committed to providing compassionate and personalized legal services. We understand that estate planning can be a sensitive topic, and we strive to create a comfortable environment where our clients feel heard and supported.
Testimonials
“Steve Bliss was incredibly helpful in guiding me through the process of setting up a trust for my family. He explained everything clearly and patiently answered all of my questions. I felt confident that my assets were in good hands.”
– Mary S.
“San Diego Probate Law made what seemed like a daunting task surprisingly manageable. They were professional, efficient, and truly cared about my needs. I highly recommend them.”
– John D.
Secure Your Legacy: Contact San Diego Probate Law
Take control of your future. Schedule a consultation with San Diego Probate Law today to discuss how we can help you secure your legacy for generations to come.
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 I include my bank accounts in a trust?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About San Diego Probate Law
| San Diego Asset Protection Trust Attorney |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Asset Protection Trust Attorney San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Asset Protection Trust Attorney |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| San Diego Asset Protection Trust Attorney |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Asset Protection Trust Attorney San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Credible Asset Protection Trust Attorney in San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |