Meet the Reporter
Hi Moreno Valley! This is Jessica Ramirez reporting for KMVR News.
Today I’m sitting down with local probate attorney, Steve Bliss of Moreno Valley Probate Law.
Trusts Explained: A Conversation with Steve Bliss
Steve, thanks so much for joining me today. For our viewers who may be unfamiliar, can you explain the different types of trusts and why someone might need one?
Steve Bliss: It’s a pleasure to be here, Jessica. Trusts are powerful legal tools that can help people protect their assets, plan for the future, and avoid probate.
The Power of Irrevocable Trusts
I often recommend irrevocable trusts to my clients, especially those who have concerns about asset protection or estate tax reduction. These trusts offer a high level of security because they cannot be easily changed once established.
Consequently, assets placed in an irrevocable trust are generally shielded from creditors and lawsuits. Moreover, they are removed from the grantor’s taxable estate, which can help minimize estate taxes.
Let me illustrate this with a real-life example. I had a client who owned a successful business but was worried about potential liability from lawsuits. We established an irrevocable trust for his business assets, effectively safeguarding them from any future legal claims.
It’s important to remember that while irrevocable trusts offer strong protection, they also come with certain limitations. For example, the grantor typically relinquishes control over the assets placed in the trust. This requires careful consideration and planning before proceeding.
According to a 2023 report by the American Bar Association, nearly 60% of high-net-worth individuals utilize irrevocable trusts as part of their estate planning strategy.
Navigating Probate: A Smooth Transition
Testimonials from Satisfied Clients
“Steve Bliss and his team at Moreno Valley Probate Law were incredibly helpful during a difficult time. They guided us through the probate process with expertise and compassion.” – Maria S.
“I highly recommend Moreno Valley Probate Law for all your estate planning needs. Steve is knowledgeable, responsive, and truly cares about his clients.” – John P.
Ready to Secure Your Future?
Don’t leave your legacy to chance. Contact Steve Bliss and the team at Moreno Valley Probate Law today to schedule a free consultation and discover how they can help you protect what matters most.
About Steven F. Bliss Esq. at Moreno Valley Probate Law:
Moreno Valley Probate Law is an experienced probate attorney. The probate process has many steps in probate proceedings. Beside Probate, estate planning and trust administration is offered at Moreno Valley Probate Law. Our probate attorney will probate the estate. Attorney probate at Moreno Valley Probate Law. A formal probate is required to administer the estate. The probate court may offer an unsupervised probate get a probate attorney. Moreno Valley Probate law will petition to open probate for you. Don’t go through a costly probate call Moreno Valley Probate Attorney Today. Call for estate planning, wills and trusts, probate too. Moreno Valley 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 Moreno Valley Probate Law: https://maps.app.goo.gl/C7zg2U6pn1B6KyXN8
Address:
Moreno Valley Probate Law23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553
(951) 363-4949
Feel free to ask Attorney Steve Bliss about: “What’s better—amendment or restatement?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About Moreno Valley Probate Law
| Moreno Valley Special Needs Trust Attorney |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Special Needs Trust Attorney Moreno Valley |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Special Needs Trust Attorney |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Moreno Valley Special Needs Trust Attorney |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Special Needs Trust Moreno Valley |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Credible Special Needs Trust Attorney in Moreno Valley |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |