Hello, and welcome back to Temecula Today! I’m your host, Brenda Sanchez, and today we have a very special guest joining us: Steve Bliss, a renowned trust attorney here in Temecula. Mr. Bliss, thank you so much for being here.
Why Choose a Trust Over a Will?
Steve, many people wonder about the differences between wills and trusts. Can you shed some light on why someone might choose to create a trust instead of simply drafting a will?
Well, Brenda, both wills and trusts are essential estate planning tools, but they serve different purposes. A will primarily dictates how your assets will be distributed after your passing and names guardians for minor children. It goes through probate, which can be a lengthy and public process.
Conversely, a trust is a legal entity that holds your assets during your lifetime and distributes them according to your wishes after you’re gone. The key advantage of a trust is that it avoids probate, keeping your affairs private and potentially saving time and money for your beneficiaries.
Trusts: A Deeper Dive
Let’s delve deeper into the world of trusts. Can you explain some common types and their specific benefits?
Certainly! There are various types of trusts, each tailored to different needs. For example, a Revocable Living Trust is incredibly popular. It allows you, the grantor, to maintain control over your assets during your lifetime while also outlining how they should be distributed after your passing.
Moreover, it avoids probate, providing privacy and efficiency for your heirs. Another common type is an Irrevocable Trust, which offers significant advantages for asset protection and estate tax reduction but relinquishes control over the assets once established.
The Importance of Proper Planning
Steve, you’ve mentioned that a trust can protect assets. Can you elaborate on this aspect and perhaps share any experiences where proper trust planning made a significant difference?
Absolutely. I remember working with a client who owned a successful business. He was concerned about potential lawsuits and wanted to safeguard his family’s financial future. We established an Irrevocable Trust that shielded a portion of his assets from creditors.
Consequently, when he unfortunately faced litigation, those assets within the trust were protected, providing peace of mind for him and his loved ones. It underscores the importance of proactive planning.
According to a study by the American Bar Association, nearly 70% of Americans do not have a valid estate plan in place. This can lead to unintended consequences and hardship for their families.
The Law Firm of Steven F. Bliss Esq.: Your Trusted Partners
Steve, what sets your firm apart from others when it comes to trust planning?
At The Law Firm of Steven F. Bliss Esq., we prioritize personalized attention and a deep understanding of each client’s unique circumstances. We take the time to listen carefully to their goals and concerns, crafting tailor-made solutions that address their specific needs.
Our team is committed to providing clear explanations, addressing questions thoroughly, and guiding clients through every step of the process with compassion and expertise.
Testimonials
“Steve Bliss and his team were incredibly helpful in setting up my trust. They made a complex process feel manageable and ensured I understood all the legal ramifications. I highly recommend them!” – Maria S.
“I was initially hesitant about estate planning, but Steve put me at ease with his professionalism and genuine concern. He helped me create a plan that protects my family’s future, and I am grateful for his guidance.” – John T.
Taking Control of Your Future
Steve Bliss and the dedicated team at The Law Firm of Steven F. Bliss Esq. are committed to empowering individuals and families through thoughtful estate planning. Let them guide you towards a secure future. Contact us today for a confidential consultation and take the first step in protecting what matters most.
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 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: “Can a trust own vehicles?” 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 Totten 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 |
| Totten Trust Attorney |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Totten 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 |