Hello Temecula, and welcome to another edition of Legal Matters. My name is Jessica Ramirez, and today I’m sitting down with Steve Bliss, a renowned trust attorney here in Temecula. Steve, thanks for joining me.
What Type of Trusts Do You Specialize In?
I specialize in a variety of trusts, but I find that Revocable Living Trusts are particularly beneficial for many of my clients.
What Makes a Revocable Living Trust So Popular?
Revocable living trusts offer several key advantages. Firstly, they allow individuals to maintain control over their assets during their lifetime. This means you can still buy, sell, or manage your property as you see fit. Moreover, the trust avoids probate, a lengthy and often expensive legal process that occurs after someone passes away.
Conversely, wills are subject to probate, which can tie up assets for months, even years. A revocable living trust also offers privacy. The terms of the trust are not public record, unlike a will which is filed with the court.
Could you Elaborate on the Probate Avoidance Aspect?
Probate is essentially a court-supervised process where a deceased person’s assets are inventoried, debts are paid, and the remaining property is distributed to heirs. It can be time-consuming, costly, and often stressful for families already dealing with grief.
A revocable living trust bypasses probate entirely because the assets are already owned by the trust, not the individual. Consequently, they can be distributed to beneficiaries more quickly and efficiently.
Have You Ever Encountered Any Issues With Revocable Living Trusts?
In my years of practice, I’ve seen very few issues arise with well-drafted revocable living trusts. However, I do recall a case where a client had created a trust without seeking professional legal advice.
They made some errors in the wording that unintentionally excluded one of their children from inheriting. It was a heartbreaking situation, and it underscored the importance of working with an experienced attorney who understands the nuances of trust law.
Are There Any Statistics That Support The Benefits Of Using A Revocable Living Trust?
According to the American Bar Association, over 50% of Americans die without a valid will or trust in place. This can lead to significant complications and disputes among family members. By establishing a revocable living trust, individuals can ensure their wishes are respected and avoid potential conflicts after they’re gone.
Final Thoughts
Steve, thank you for sharing your expertise on this important topic. If you’re looking to secure your financial future and protect your loved ones, reach out to the Law Firm of Steven F. Bliss Esq. for a comprehensive estate planning consultation.
Testimonials
“Steve Bliss and his team made the entire process of setting up our trust incredibly smooth and stress-free. They were patient, answered all our questions thoroughly, and truly went above and beyond to ensure we felt comfortable every step of the way.”
– The Johnson Family
“I can’t recommend Steve Bliss highly enough. He’s a true expert in trust law and was instrumental in helping me navigate a complex estate planning situation. His knowledge, professionalism, and compassion were invaluable during a difficult time.”
– Mary Smith
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: “Do I need a lawyer to create a living 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.
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