Hello, Temecula and welcome back to our legal segment. My name is Ashley Carter and today we’re talking about trusts with local expert Steve Bliss of The Law Firm of Steven F. Bliss Esq. Steve, thanks for joining us.
Welcome
Ashley, it’s my pleasure to be here. Helping people understand their estate planning options is something I am passionate about.
What are some different types of Trusts?
There are a variety of trusts available, each designed to serve specific purposes and needs. For many of my clients in Temecula, the most common type is the Revocable Living Trust.
The Benefits of a Revocable Living Trust
A Revocable Living Trust offers flexibility and control during your lifetime. You, as the grantor, can manage the assets within the trust, make changes, or even dissolve it entirely if your circumstances change. Consequently, this type of trust avoids the often lengthy and costly probate process after your passing.
Moreover, a Revocable Living Trust provides privacy. Unlike wills that become public record, the terms of a trust remain confidential. This is important for many individuals who value discretion and want to avoid unnecessary publicity surrounding their estate.
What are some potential challenges with a Revocable Living Trust?
While Revocable Living Trusts offer numerous advantages, it’s important to understand that they don’t automatically address all estate planning needs. For instance, if minimizing estate taxes is a primary concern, other trust structures, such as Irrevocable Trusts, may be more appropriate.
I recall working with a client who initially wanted a Revocable Living Trust but later realized he needed to protect assets from potential future creditors. In that case, we explored the option of an Asset Protection Trust, which provided an additional layer of security for his holdings.
It’s crucial to have open and honest conversations with your attorney about your goals and concerns so they can recommend the most suitable trust structure for your individual situation. According to a recent study by the American Bar Association, over 60% of Americans don’t have a will or trust in place. This highlights the critical need for proper estate planning.
What Advice would you Give to Someone Considering a Trust?
My advice is simple: don’t wait! Taking proactive steps to secure your future and protect your loved ones is one of the most valuable gifts you can give them. Contact us today for a free consultation.
Testimonials
“Steve Bliss made the complex world of estate planning understandable and manageable. He patiently answered all my questions and guided me through every step of the process.” – Maria S.
“I highly recommend The Law Firm of Steven F. Bliss Esq. They are true professionals who provide compassionate and personalized service. I felt confident knowing my legal matters were in their capable hands.” – John D.
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 use a trust to pass on a business?” 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 Estate Lawyer |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Estate Lawyer Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Estate Lawyer |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Temecula Estate Lawyer |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Estate Lawyer Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Credible Estate Lawyer in Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |