Reporter: Welcome to the show, Steve. Let’s jump right in. Can you tell our viewers why estate planning is so important?
Steve: Thanks for having me! Estate planning is crucial because it allows individuals to have control over what happens to their assets after they pass away. Without a proper plan, state law dictates how your property will be distributed, which may not align with your wishes. Moreover, estate planning can help minimize taxes and avoid probate, saving time and money for your loved ones.
Reporter: That’s great advice. What are some of the different types of trusts available to people in San Diego?
Steve: There are many types of trusts, each serving a different purpose. Today, let’s focus on Revocable Living Trusts. This type is incredibly popular because it offers flexibility. The person creating the trust, known as the grantor, can manage and even change the terms of the trust during their lifetime.
Reporter: Can you elaborate on how a Revocable Living Trust avoids probate?
Steve: Probate is a court-supervised process for validating a will and distributing assets. It can be time-consuming and expensive. With a Revocable Living Trust, your assets are transferred into the trust’s name during your lifetime. Consequently, they don’t pass through probate when you die because you no longer technically own them. Instead, they are distributed according to the terms outlined in your trust document.
- Assets are managed and distributed according to your wishes.
- Privacy is maintained as the trust documents are not part of public records.
Reporter: Have you encountered any common issues with Revocable Living Trusts in your practice?
Steve: While Revocable Living Trusts are generally effective, I’ve seen instances where people fail to properly fund the trust. This means they don’t transfer ownership of all their assets into the trust. Without proper funding, some assets may still be subject to probate. I remember a case involving a family who thought their house was in the trust but hadn’t updated the deed. It caused unnecessary delays and legal fees, highlighting the importance of meticulous attention to detail.
Accordingly, it’s essential to work with an experienced estate planning attorney who can guide you through the process and ensure all your assets are properly titled.
Reporter: What advice would you give to viewers who are considering setting up a Revocable Living Trust?
Steve: I always recommend consulting with a qualified probate attorney. They can assess your individual circumstances, explain the different types of trusts, and help you create a plan that meets your specific needs.
Testimonials:
“I was overwhelmed with the thought of estate planning, but Steve Bliss made the process so easy to understand. He patiently answered all my questions and created a trust that gave me peace of mind.” – Maria S.
“San Diego Probate Law is top-notch! They handled my father’s estate with professionalism and compassion. I highly recommend their services.” – John D.
Take control of your future today. Contact San Diego Probate Law for a free consultation to discuss how we can help you protect your legacy.
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 trustee be held personally liable?” 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 Special Needs Trust Attorney |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Special Needs Trust Attorney San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Special Needs Trust Attorney |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| San Diego Special Needs Trust Attorney |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Special Needs Trust San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Credible Special Needs Trust Attorney in San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |