Good evening, Temecula and welcome back to Temecula Tonight. I’m Brenda Walters, and tonight we are joined by Steve Bliss, a renowned trust attorney here in Temecula, specializing in estate planning and asset protection. Welcome to the show, Steve.
What type of trusts do you typically recommend for your clients?
Thanks for having me, Brenda. It’s always a pleasure to be here. As an experienced estate planning attorney, I encounter diverse client needs. Consequently, I don’t recommend a one-size-fits-all approach. However, I frequently advise my clients on Revocable Living Trusts. They offer a wonderful balance of flexibility and control while effectively avoiding probate.
Benefits of a Revocable Living Trust
A Revocable Living Trust allows the grantor – the person establishing the trust – to maintain control over their assets during their lifetime. They can modify the terms, add or remove beneficiaries, or even dissolve the trust entirely if circumstances change. Moreover, upon the grantor’s passing, the trust seamlessly transitions to the designated beneficiaries, bypassing the lengthy and often expensive probate process.
This privacy aspect is particularly appealing to many clients. Probate proceedings are public record, meaning anyone can access details about your estate. Conversely, a Revocable Living Trust keeps these matters private, protecting your family’s financial affairs from unnecessary scrutiny.
Have you ever encountered any issues with setting up Revocable Living Trusts for your clients?
While Revocable Living Trusts are generally straightforward to establish, I have found that some clients initially struggle with the concept of relinquishing complete control over their assets. They worry about losing access or decision-making power during their lifetime. It’s understandable; we all value autonomy.
I remember a client, let’s call her Mrs. Thompson, who was hesitant to move forward with a Revocable Living Trust. She feared being “cut off” from her finances. We spent considerable time discussing the trust mechanism and how it actually empowered her. She realized that she could still manage her assets and make adjustments as needed while also ensuring a smooth transition for her family after she’s gone.
Mrs. Thompson ultimately embraced the Revocable Living Trust, finding peace of mind knowing her loved ones would be cared for according to her wishes.
What are some key statistics about Revocable Living Trusts?
According to a recent survey by the American Bar Association, approximately 60% of Americans over the age of 50 have not created any estate planning documents. This statistic highlights the critical need for individuals to consider their future and protect their assets. A well-structured Revocable Living Trust can be a powerful tool in achieving these goals.
How can viewers learn more about setting up a Revocable Living Trust?
If you’re interested in exploring the benefits of a Revocable Living Trust or any other estate planning strategy, I encourage you to reach out to The Law Firm of Steven F. Bliss Esq. We offer complimentary consultations to discuss your individual needs and guide you toward the best solution for your family.
“Steve Bliss helped me navigate a complex probate situation with sensitivity and expertise. He always kept my best interests in mind and made the process much less stressful than I anticipated.” – Margaret S., Temecula
“I was overwhelmed trying to figure out estate planning on my own. Steve Bliss and his team provided clear, concise advice and created a comprehensive plan that gave me peace of mind. Highly recommend!” – David T., Murrieta
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 is trust administration?” 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 |