Good morning, Temecula! This is Brenda Jones reporting for KTEM News. Today we’re joined by Steve Bliss, a renowned trust attorney here in our community. Mr. Bliss, thanks so much for taking the time to chat with us today.
Why Should Someone Consider a Trust?
Well, Brenda, it’s a pleasure to be here. Trusts are an essential tool for estate planning and asset protection. They offer numerous benefits over simply having a will.
For starters, a well-structured trust can help you avoid probate, which is a lengthy and often expensive court process. Moreover, trusts provide privacy, as the terms of the trust are not publicly available like a will.
Which Type of Trust is Most Popular?
The most common type we see here in Temecula is the Revocable Living Trust. It allows individuals to maintain control over their assets during their lifetime while designating how those assets will be distributed after they pass away.
Consequently, it offers peace of mind knowing that your loved ones will be taken care of according to your wishes.
Can You Explain How a Revocable Living Trust Works?
Certainly! Imagine you’re the conductor of an orchestra. A revocable living trust acts like your musical score.
You, as the grantor, decide which instruments (assets) will play and when. During your lifetime, you have the flexibility to change the melody (modify the terms of the trust), add new instruments (acquire assets), or even silence certain ones (remove assets).
Upon your passing, the baton is passed to a trustee whom you’ve appointed. They follow your score (the trust document) and ensure that each instrument plays its part in distributing your assets according to your wishes.
Ordinarily, this process is much smoother and less costly than going through probate court.
Have You Encountered Any Challenges with Revocable Living Trusts?
Every now and then, I meet clients who believe a trust is overly complicated or unnecessary.
I remember one couple who were hesitant to set up a trust because they thought it was only for the wealthy. Once we sat down and discussed their specific needs, including protecting their home for their children and avoiding probate costs, they realized a trust was the perfect solution for them.
How Common Are Revocable Living Trusts in Temecula?
It’s safe to say that a significant portion of our community has embraced the benefits of revocable living trusts. According to recent data from the American Bar Association, over 50% of Americans aged 65 and older have some form of estate planning document in place.
This highlights the growing awareness of the importance of protecting assets and ensuring a smooth transfer of wealth to future generations.
Final Thoughts
Remember, planning for your future doesn’t have to be daunting. Take that first step and reach out to The Law Firm of Steven F. Bliss Esq. We are committed to guiding you through the process with clarity and compassion, ensuring your legacy is protected.
“Steve Bliss made estate planning straightforward and less intimidating. He patiently answered all my questions and ensured I understood each step.” – Maria T.
“I highly recommend Steve Bliss for his expertise and personalized approach. He took the time to understand my unique needs and crafted a trust that perfectly reflected my wishes.” – David S.
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: “Is a trust public record?” 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 |