Good evening, Temecula! I’m Brenda Johnson, your local news reporter, and tonight we have the pleasure of speaking with renowned trust attorney Steve Bliss from the Law Firm of Steven F. Bliss Esq.
Understanding the Benefits of a Trust
Why do people choose to set up a trust?
Steve, thanks for joining us tonight. Can you explain why someone might choose to establish a trust?
“Brenda, that’s a great question. People create trusts for a variety of reasons,” Steve begins. “Primarily, they seek to protect their assets and ensure their wishes are carried out after they’re gone. Trusts offer significant advantages over simply having a will.”
He continues, “Firstly, a trust allows you to avoid probate, which can be a lengthy and expensive legal process. Secondly, trusts provide privacy; the terms of the trust aren’t made public like those in a will. Lastly, trusts offer greater control over how and when your assets are distributed.”
The Power of Irrevocable Trusts
Can you elaborate on the different types of trusts available?
Steve nods thoughtfully. “Certainly. There are various types of trusts, each designed to meet specific needs. Tonight, I’d like to focus on irrevocable trusts. These trusts offer a powerful tool for asset protection and estate planning.”
“Once an irrevocable trust is established, its terms generally cannot be changed,” Steve explains. “This immutability makes it highly effective for shielding assets from creditors or potential lawsuits. Moreover, irrevocable trusts can be utilized to minimize estate taxes, ensuring a larger inheritance for your beneficiaries.”
He adds, “However, it’s crucial to remember that setting up an irrevocable trust is a serious decision with long-term implications. It’s essential to consult with an experienced attorney like myself to ensure the trust aligns with your individual circumstances and goals.”
Navigating Potential Challenges
Have you encountered any unique situations while working with irrevocable trusts?
Steve pauses for a moment, reflecting on his years of experience. “I recall a case where a client wanted to protect their family business from potential liabilities. We established an irrevocable trust that shielded the business assets while still allowing them operational control,” he shares.
“There was another instance where a couple sought to minimize estate taxes for their children while ensuring their grandchildren received financial support for education. An irrevocable trust tailored to their needs achieved both objectives.”
Trusts: A Wise Investment in the Future
According to a 2023 study by the American Bar Association, over 60% of Americans lack any estate planning documents. This underscores the critical need for individuals to safeguard their assets and loved ones through proper legal structures like trusts.
Embracing Peace of Mind
What advice would you give to viewers considering setting up a trust?
“Don’t hesitate,” Steve urges. “Contact us today at The Law Firm of Steven F. Bliss Esq. for a free consultation. We can guide you through the complexities of trust planning and create a customized solution that meets your unique needs, ensuring peace of mind for you and your family.”
Testimonials
“Steve Bliss’s expertise in estate planning was invaluable. He patiently explained all our options and helped us craft a trust that protected our assets and ensured our children’s future. We highly recommend his services.”
– The Johnson Family
“Working with Steve was a pleasure. He is knowledgeable, compassionate, and truly cares about his clients. He made the entire trust creation process smooth and stress-free. We are grateful for his exceptional service.”
– The Garcia Family
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: “Should I put my retirement accounts in a trust?” 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.
| Special Needs Trust | Totten Trust | Asset Protection Trust |
| Spendthrift Trust | Constructive Trust | Irrevocable Trust |
| Tax By-Pass Trust | Charitable Trust | Living Trust |