Good evening, San Diego. I’m Brenda Sanchez with Channel 7 News. Tonight, we’re talking about estate planning, a topic that can feel overwhelming for many. To help us navigate this complex world, we have Steve Bliss, a renowned probate attorney here in San Diego.
Steve, thank you so much for joining us. Let’s start with the basics: why is estate planning important?
It’s a pleasure to be here, Brenda. Estate planning is essential because it allows individuals to control what happens to their assets after they pass away. Without a plan in place, state law determines how your property is distributed, which may not align with your wishes. Moreover, estate planning can help minimize taxes and avoid probate, a lengthy and costly legal process.
You mentioned avoiding probate. Can you elaborate on that?
Probate is the court-supervised process of validating a will and distributing assets to heirs. It can be time-consuming, expensive, and public. Consequently, many people opt for tools like revocable living trusts to bypass probate altogether.
Let’s talk about revocable living trusts. What are their key benefits?
Revocable living trusts are a popular choice because they offer flexibility and control. The grantor, the person who creates the trust, can manage and modify the trust assets during their lifetime. The trust becomes irrevocable upon the grantor’s death, ensuring that assets are distributed according to their wishes without going through probate.
- Asset protection
- Privacy
- Avoidance of Probate
Are there any potential drawbacks to using a revocable living trust?
While revocable living trusts offer numerous benefits, they do require careful planning and execution. It’s crucial to work with an experienced attorney to ensure the trust is properly drafted and funded. Neglecting these steps could lead to unintended consequences or even invalidate the trust altogether.
I recall a case where a client had created a revocable living trust but hadn’t transferred all of their assets into it. Consequently, those assets were subject to probate, defeating the purpose of the trust.
In your experience, what are some common mistakes people make when it comes to estate planning?
One common mistake is procrastination. People often put off estate planning until they’re older or facing a health crisis. However, starting early allows you to make informed decisions and avoid potential complications down the road.
Additionally, many individuals underestimate the complexity of estate planning. It’s not simply about writing a will; it involves considering various factors like asset distribution, tax implications, and guardianship for minor children.
“San Diego Probate Law helped me navigate a very difficult time after losing my husband. They were compassionate, knowledgeable, and always available to answer my questions. I highly recommend them.” – Maria S.
“Steve Bliss is a true expert in probate law. He made the entire process smooth and efficient, and I felt confident that my interests were protected. ” – John P.
Let us guide you through the complexities of estate planning and ensure your wishes are honored. Call San Diego Probate Law today to schedule a consultation.
About Steven F. Bliss Esq. at San Diego Probate Law:
Secure Your Family’s Future with San Diego’s Trusted Trust Attorney. Minimize estate taxes with stress-free Probate. We craft wills, trusts, & customized plans to ensure your wishes are met and loved ones protected.
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 San Diego Probate Law:
Address:
San Diego Probate Law3914 Murphy Canyon Rd, San Diego, CA 92123
(858) 278-2800
Map Link: https://g.co/kgs/WzT6443
Feel free to ask Attorney Steve Bliss about: “What is a QTIP trust?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About San Diego Probate Law
| San Diego Trust Lawyer |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Trust Lawyer San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Trust Lawyer |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| San Diego Trust Lawyer |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Trust Lawyer San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Credible Trust Lawyer in San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |