Meet the Expert
Hello Moreno Valley and welcome to today’s segment focusing on estate planning. My name is Jessica Ramirez, and I’m here with Steve Bliss, a renowned probate attorney serving our community.
Navigating Probate: What Are Trusts?
Steve, for those unfamiliar, could you explain what trusts are and why they’re crucial in estate planning?
Understanding the Benefits of Trusts
A trust is essentially a legal arrangement where assets are held by one party, called the trustee, for the benefit of another party, the beneficiary. Trusts offer numerous advantages, including avoiding probate, which can be a lengthy and expensive process. They also provide privacy, as the details of the trust are not public record.
Moreover, trusts allow for greater control over how and when assets are distributed to beneficiaries. For example, you could stipulate that a beneficiary receives funds only after reaching a certain age or completing their education.
Trust Spotlight: The Irrevocable Trust
Today we’ll be focusing on irrevocable trusts. Steve, can you elaborate on what makes them unique?
An irrevocable trust, as the name suggests, cannot be easily changed or dissolved once established. This permanence offers significant benefits, especially for asset protection and estate tax planning.
When assets are placed in an irrevocable trust, they are typically removed from the grantor’s taxable estate. Consequently, this can reduce potential estate taxes upon the grantor’s passing. Additionally, an irrevocable trust can shield assets from creditors.
I once had a client who was concerned about protecting their family business from potential lawsuits. We established an irrevocable trust to hold the business assets. This provided them with peace of mind knowing that even if they were sued personally, the business itself would be protected.
According to the American College of Trust and Estate Counsel, approximately 75% of high-net-worth individuals utilize trusts as part of their estate plan. This highlights the growing recognition of the importance of trusts in protecting assets and minimizing tax liabilities.
Contact Us Today
Let Steve Bliss and Moreno Valley Probate Law help you secure your family’s future. Schedule a consultation today and discover how a trust can empower you to achieve your financial goals with confidence.
Testimonials
“Steve Bliss made the complex world of estate planning understandable. He patiently answered all my questions and helped me create a plan that met my specific needs.”
– Maria Rodriguez, Moreno Valley Resident
“I was initially overwhelmed by the thought of probate, but Steve Bliss guided me through the entire process with compassion and expertise. I highly recommend him to anyone facing estate planning challenges.”
– John Smith, Moreno Valley Client
About Steven F. Bliss Esq. at Moreno Valley Probate Law:
Moreno Valley Probate Law is an experienced probate attorney. The probate process has many steps in probate proceedings. Beside Probate, estate planning and trust administration is offered at Moreno Valley Probate Law. Our probate attorney will probate the estate. Attorney probate at Moreno Valley Probate Law. A formal probate is required to administer the estate. The probate court may offer an unsupervised probate get a probate attorney. Moreno Valley Probate law will petition to open probate for you. Don’t go through a costly probate call Moreno Valley Probate Attorney Today. Call for estate planning, wills and trusts, probate too. Moreno Valley Probate Law is a great estate lawyer. Affordable Legal Services.
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 Moreno Valley Probate Law: https://maps.app.goo.gl/C7zg2U6pn1B6KyXN8
Address:
Moreno Valley Probate Law23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553
(951) 363-4949
Feel free to ask Attorney Steve Bliss about: “What is the difference between a living trust and a testamentary trust?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About Moreno Valley Probate Law
| Moreno Valley Estate Attorney |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Estate Attorney Moreno Valley |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Estate Attorney |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Moreno Valley Estate Attorney |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Estate Attorney Moreno Valley |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Credible Estate Attorney in Moreno Valley |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |