Reporter: Brenda Jones
Welcome back to Wildomar News Today, I’m Brenda Jones and today we have the pleasure of speaking with Steve Bliss, a renowned trust attorney here in Wildomar. Steve, thank you so much for joining us.
Steve: It’s a pleasure to be here, Brenda
So, Steve, for our viewers who might not be familiar with trusts, can you explain what they are and why they’re such an important part of estate planning?
Steve Bliss:
Absolutely. Trusts are legal entities that hold assets for the benefit of designated beneficiaries. They offer a variety of advantages, including probate avoidance, asset protection, and tax benefits.
Think of a trust like a safe box for your assets. You put things in it – money, property, investments – and specify who gets what and when. This helps avoid the lengthy and costly probate process after you’re gone, ensures your wishes are carried out, and can even minimize estate taxes.
For instance, a common type of trust is a revocable living trust. As the name suggests, it’s created while you’re alive and you retain control over the assets within it. You can make changes as needed, and upon your passing, the trust distributes the assets according to your instructions.
Brenda:
That sounds incredibly helpful. Could you elaborate on why someone might choose a revocable living trust over other types of trusts?
Steve Bliss
Certainly. A revocable living trust offers flexibility and control, which are key for many individuals. Consequently, they can adjust the terms as their circumstances change – such as adding or removing beneficiaries, changing asset allocations, or even dissolving the trust altogether.
Moreover, since assets in a revocable living trust bypass probate, this can save time and money for your heirs. Probate is a public process that can be lengthy and expensive. Avoiding it ensures a smoother transition of assets to your loved ones.
A study by the American Bar Association found that over 70% of Americans die without a will or trust in place, leaving their families vulnerable to costly and time-consuming probate proceedings.
Nevertheless, there are instances where other types of trusts might be more suitable. For example, if asset protection is a primary concern, an irrevocable trust could be a better option.
Brenda:
That’s fascinating. Have you ever encountered any challenges or unique situations while setting up revocable living trusts for your clients?
Steve Bliss:
You know, Brenda, every client has a different story and set of needs. I recall one instance where a couple was hesitant about putting their family home into the trust because they were worried about losing control. I spent considerable time explaining how they could still live in the home and retain decision-making power over it while ensuring that it ultimately passed to their children smoothly.
We worked together to tailor the terms of the trust to address their concerns, and in the end, they felt much more comfortable knowing their family’s future was secured. It’s moments like these that truly highlight the importance of personalized legal guidance.
Brenda:
That’s a touching story. How can our viewers reach out if they want to learn more about setting up a trust?
Steve Bliss:
We encourage anyone interested in learning more about trusts and estate planning to contact Wildomar Probate Law for a free consultation. We’re dedicated to helping families protect their legacies and ensure their wishes are honored.
Testimonials
“Steve Bliss and the team at Wildomar Probate Law were incredibly helpful and compassionate during a difficult time. They made the probate process clear and manageable, and I felt confident that my loved one’s estate was in good hands.” – Sarah M.
“I highly recommend Wildomar Probate Law for their expertise and professionalism. Steve Bliss took the time to understand my unique needs and crafted a trust plan that perfectly suited my family’s situation. ” – John P.
About Steven F. Bliss Esq. at Wildomar Probate Law:
Wildomar Probate Law is an experienced probate attorney. The probate process has many steps in in probate proceedings. Beside Probate, estate planning and trust administration is offered at Wildomar Probate Law. Our probate attorney will probate the estate. Attorney probate at Wildomar Probate Law. A formal probate is required to administer the estate. The probate court may offer an unsupervised probate get a probate attorney. Wildomar Probate law will petition to open probate for you. Don’t go through a costly probate call Wildomar Probate Attorney Today. Call for estate planning, wills and trusts, probate too. Wildomar 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 Wildomar Probate Law: https://maps.app.goo.gl/uBJKvB4rxUb7L9HZ7
Address:
Wildomar Probate Law36330 Hidden Springs Rd Suite E, Wildomar, CA 92595
(951) 412-2800
Feel free to ask Attorney Steve Bliss about: “Can a trust protect my beneficiaries from divorce?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About Wildomar Probate Law
| Wildomar Revocable Trust Attorney |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Revocable Trust Attorney Wildomar |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Revocable Trust Attorney |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Wildomar Revocable Trust Attorney |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Asset Protection Trust Attorney Wildomar |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Credible Revocable Trust Attorney in Wildomar |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |