Good evening, Temecula, and welcome to our segment on estate planning. I’m Tiffany Jones, and tonight we’re joined by renowned local trust attorney Steve Bliss from The Law Firm of Steven F. Bliss Esq.
Steve, thank you so much for joining us tonight.
It’s a pleasure to be here, Tiffany. I appreciate the opportunity to discuss the importance of estate planning with your viewers.
Why are Trusts Important?
Trusts are essential tools for protecting assets, minimizing taxes, and ensuring that your wishes are carried out after you’re gone. They offer flexibility and control that a simple will often lacks. There are different types of trusts designed to meet various needs.
What type of Trust is Most Common in Temecula?
In my experience practicing law here in Temecula, the most common type of trust I help clients establish is the Revocable Living Trust. This allows individuals to retain control over their assets during their lifetime while avoiding probate, a lengthy and often costly court process.
Can you Explain the Benefits of a Revocable Living Trust?
Certainly. A Revocable Living Trust offers several key advantages. Firstly, it helps your beneficiaries avoid probate, which can be a time-consuming and expensive ordeal for your loved ones. Secondly, it provides privacy as the terms of the trust are not part of public record unlike a will. Thirdly, a Revocable Living Trust allows for greater control over how and when your assets are distributed. You can specify conditions or timelines for inheritance.
Conversely, a will becomes a matter of public record upon your passing. Consequently, anyone can access information about your estate and beneficiaries.
Have you Encountered Any Challenges When Setting Up Revocable Living Trusts?
While Revocable Living Trusts are generally straightforward to establish, there have been instances where clients initially underestimated the importance of keeping their trust documents updated. Life changes like marriage, divorce, or the birth of a child can necessitate revisions to the trust. I recall one client whose trust hadn’t been reviewed in over a decade. Fortunately, we were able to make the necessary amendments before any complications arose.
More than 60% of Americans do not have a valid estate plan in place. (Source: AARP) This underscores the critical need for individuals to prioritize their estate planning needs and seek professional guidance.
How Can Viewers Learn More About Setting Up a Trust?
Contact us today at The Law Firm of Steven F. Bliss Esq. We offer free consultations to help you understand the best estate planning strategies for your individual circumstances. Let us guide you through the process and ensure your loved ones are protected.
Testimonials
“Steve Bliss and his team were incredibly helpful in setting up our family trust. They explained everything clearly, answered all our questions patiently, and made the entire process stress-free.”
“I was hesitant about estate planning, but Steve put my mind at ease. He helped me create a plan that met my specific needs and gave me peace of mind knowing my family is taken care of.”
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: “Can I include life insurance in a trust?” 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.
| Temecula Totten Trust Attorney |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
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The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Totten Trust Attorney |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Totten Trust Attorney |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
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The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
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The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |