Interview with Steve Bliss of Escondido Probate Law
Good morning Escondido, and thank you for joining us today. We’re speaking with Steve Bliss, a renowned probate attorney here in Escondido. Steve, thanks for taking the time to speak with us.
Steve: It’s my pleasure to be here. I’m always happy to discuss estate planning and help people understand their options.
Today we want to delve into testamentary trusts. Can you explain what they are and how they differ from other types of trusts?
Steve: Certainly. A testamentary trust is a unique type of trust that comes into being only after your death, as outlined in your will. Unlike living trusts which can be established during your lifetime and allow for ongoing management of assets, testamentary trusts go through probate.
This means the court oversees the distribution of assets according to your wishes as stated in your will.
Steve: Testamentary trusts are particularly valuable when you have minor children or beneficiaries who may need financial guidance or protection.
For instance, imagine a parent wanting to ensure their child’s inheritance is used responsibly for education or living expenses until they reach a certain age. A testamentary trust can stipulate these conditions and appoint a trustee to oversee the funds, protecting the beneficiary from making impulsive decisions.
Steve: Conversely, while probate is part of the process, testamentary trusts offer several advantages. They allow for greater control over how assets are distributed after your passing. You can specify exact amounts or percentages for beneficiaries, and even set conditions for receiving those funds.
Moreover, testamentary trusts can be tailored to address specific circumstances, such as providing for a beneficiary with special needs without jeopardizing their eligibility for government benefits.
Steve: One instance I recall vividly involved a single mother who wanted to ensure her son, who had autism, would be financially secure after her passing.
We created a testamentary trust that would provide him with ongoing financial support while preserving his access to essential government programs. Witnessing the peace of mind it brought her knowing her son would be cared for was incredibly rewarding.
Steve: Testamentary trusts can be a powerful tool for protecting loved ones and ensuring your wishes are carried out after you’re gone.
According to the American Bar Association, approximately 50% of adults in the United States do not have a will or any estate planning documents in place. This underscores the importance of seeking legal guidance to create a comprehensive plan that meets your individual needs.
Call to Action
Take control of your legacy and secure your loved ones’ future. Contact Escondido Probate Law today for a confidential consultation and let us guide you through the complexities of estate planning.
Testimonials
“Steve Bliss and his team were incredibly compassionate and understanding during a difficult time. They walked me through every step of the probate process with clarity and professionalism.”
– Mary S., Escondido
“I highly recommend Escondido Probate Law. Steve’s expertise in estate planning was invaluable, and he truly cared about finding the best solutions for my family.”
– John D., San Marcos
About Steven F. Bliss Esq. at Escondido Probate Law:
Escondido 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 Escondido Probate Law. Our probate attorney will probate the estate. Attorney probate at Escondido Probate Law. A formal probate is required to administer the estate. The probate court may offer an unsupervised probate get a probate attorney. Escondido Probate law will petition to open probate for you. Don’t go through a costly probate call Escondido Probate Attorney Today. Call for estate planning, wills and trusts, probate too. Escondido 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 Escondido Probate Law: https://maps.app.goo.gl/77Dm2B8W9XkM5YvJA
Address:
Escondido Probate Law720 N Broadway #107, Escondido, CA 92025
(760) 884-4044
Feel free to ask Attorney Steve Bliss about: “What triggers a trust update?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About Escondido Probate Law
| Special Needs Trust | Totten Trust | Asset Protection Trust |
| Spendthrift Trust | Constructive Trust | Irrevocable Trust |
| Tax By-Pass Trust | Charitable Trust | Living Trust |