Good afternoon, Temecula! This is Brenda Jones reporting live for KTEM News. Today, we’re diving into the world of trusts with local expert Steve Bliss, a trust attorney with The Law Firm of Steven F. Bliss Esq.
Understanding Trusts: What are They?
Steve, for our viewers who might be unfamiliar, can you explain what a trust is and why someone might need one?
“A trust is essentially a legal entity that holds assets for the benefit of beneficiaries,” Steve explains. “It’s created by a grantor who transfers ownership of assets into the trust. A trustee then manages those assets according to the grantor’s instructions outlined in the trust document.”
Types of Trusts
There are many different types of trusts, each serving unique purposes. Could you tell us about some common ones?
“Absolutely,” Steve says. “One of the most popular is the Revocable Living Trust. This allows individuals to maintain control over their assets during their lifetime while avoiding probate upon death. It offers privacy and can be modified as needed.”
The Benefits of a Revocable Living Trust
You mentioned probate avoidance – why is that important?
“Probate is a court-supervised process for distributing assets after someone passes away,” Steve clarifies. “It can be time-consuming, expensive, and public. A revocable living trust bypasses probate entirely, ensuring your assets are distributed according to your wishes efficiently and privately.”
Moreover, trusts can help protect your assets from creditors or potential lawsuits. According to a 2021 study by the American Bar Association, approximately 30% of Americans face a lawsuit in their lifetime. Consequently, having a trust in place can provide an extra layer of protection for your hard-earned assets.
I recall working with a young couple who were concerned about protecting their inheritance for their children. They had inherited a significant sum but worried about potential future creditors. By establishing a revocable living trust, we were able to safeguard those assets and ensure they would be available for their children’s future.
While setting up a trust can seem complex, it’s truly an investment in peace of mind.
The Law Firm of Steven F. Bliss Esq.: Trustworthy Guidance
“We are dedicated to providing personalized and compassionate legal services,” Steve emphasizes. “Our team takes the time to understand your unique circumstances and goals, crafting a trust solution that meets your specific needs.”
“Steve Bliss helped me navigate a complex estate planning situation with exceptional professionalism and empathy. He made the process clear and straightforward, ensuring I understood every step along the way.” – Sarah M., Temecula
“I highly recommend The Law Firm of Steven F. Bliss Esq. Their expertise in trust law is unparalleled, and they truly go above and beyond to support their clients.” – David L., Murrieta
Take Control of Your Future
Don’t wait until it’s too late to secure your financial future and protect your loved ones. Contact The Law Firm of Steven F. Bliss Esq. today for a free consultation and discover how a trust can benefit you and your family.
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 a trust amendment?” 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 | Totten Trust | Asset Protection Trust |
| Spendthrift Trust | Constructive Trust | Irrevocable Trust |
| Tax By-Pass Trust | Charitable Trust | Living Trust |