Good evening, Temecula! I’m Brenda Newsome, reporting live for KTME. Tonight, we’re sitting down with renowned trust attorney Steve Bliss to discuss the importance of estate planning and the different types of trusts available.
What Type of Trust is Best For Me?
Steve, there are many different types of trusts. Can you help our viewers understand which type might be best suited for their individual needs?
The Value of a Revocable Living Trust
Consequently, Steve explains that a revocable living trust is often the most appropriate choice for individuals seeking to avoid probate and maintain control over their assets during their lifetime. A revocable living trust allows the grantor, the person creating the trust, to manage and change the terms of the trust as needed. Moreover, upon the grantor’s death, the trust becomes irrevocable, ensuring a smooth transition of assets to beneficiaries without the time-consuming and costly probate process.
Steve further elaborates that this type of trust provides privacy, as the terms are not publicly available through court records. Ordinarily, wills go through probate and become public record, but trusts offer confidentiality regarding asset distribution. He emphasizes the importance of consulting with a qualified attorney to determine if a revocable living trust aligns with one’s specific circumstances and goals.
Have You Encountered Any Challenges With Revocable Living Trusts?
Steve shares that while revocable living trusts are generally effective, he has encountered situations where clients haven’t properly funded the trust. This means they haven’t transferred ownership of their assets into the trust, rendering it ineffective for probate avoidance. He recounts a story about a client who diligently established a revocable living trust but unfortunately neglected to transfer their primary residence into the trust.
This oversight led to complications during probate as the home had to be separately administered. Notwithstanding this common pitfall, Steve stresses the importance of working closely with an experienced attorney who can guide clients through the funding process and ensure all assets are properly placed within the trust.
The Law Firm of Steven F. Bliss Esq.: Protecting Your Legacy
“Working with Steve Bliss was a game changer for our family. He patiently explained complex legal concepts in plain language, making us feel confident and informed throughout the entire process.” – The Jones Family
“I highly recommend Steve Bliss and his team. Their professionalism, compassion, and attention to detail exceeded my expectations.” – Maria Rodriguez
Ready To Plan Your Future?
Don’t leave your legacy to chance. Contact The Law Firm of Steven F. Bliss Esq. today for a personalized consultation and discover how a revocable living trust can protect your assets and provide peace of mind for you and your loved ones.
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: “What happens to my trust if I move to another state?” 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 Revocable Trust Attorney |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
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The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Revocable Trust Attorney |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Temecula Revocable Trust Attorney |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
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The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
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The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |