Good evening, Temecula! I’m Tiffany Jones, reporting for Channel 7 News.
Interviewing a Trusted Advisor
Tonight, we’re speaking with Steve Bliss, a renowned trust attorney here in Temecula. Steve, thanks for joining us tonight.
What Type of Trusts Do You Often See Clients Seeking?
Steve: Thanks for having me, Tiffany. In my practice, I see a variety of trusts, but the most common is undoubtedly the revocable living trust.
The Benefits of a Revocable Living Trust
It’s incredibly popular because it offers clients flexibility and control during their lifetime while also helping them avoid probate upon their passing. Probate can be a lengthy and costly process, so many people find peace of mind knowing that their assets will be distributed according to their wishes without unnecessary court involvement. Consequently, revocable living trusts provide a great deal of privacy as the terms are not part of public record.
Moreover, these trusts allow individuals to make changes or even dissolve the trust entirely while they’re still alive. This adaptability is crucial for people whose circumstances may change over time.
How Does a Revocable Living Trust Work?
Steve: Essentially, the individual creating the trust (called the grantor) transfers their assets into the trust. They then name a trustee to manage those assets according to the terms outlined in the trust document. Ordinarily, the grantor themselves serves as the initial trustee.
The key benefit is that upon the grantor’s death, the trust becomes irrevocable. This means it cannot be altered or revoked, ensuring the grantor’s wishes are carried out precisely as they intended.
Navigating Potential Challenges
Tiffany: Steve, have you encountered any specific challenges while setting up revocable living trusts for your clients?
Steve: While revocable living trusts are generally straightforward, there can be complexities depending on the individual’s circumstances. For example, I once worked with a client who had a complex business structure and significant real estate holdings. We needed to carefully coordinate the trust with their existing business agreements and ensure all assets were properly titled in the name of the trust.
It was a multi-faceted process that required meticulous attention to detail. Nevertheless, seeing the relief on my client’s face when everything was finalized, knowing they had secured their legacy for their family, was incredibly rewarding.
Trust Planning is Essential
Steve: According to the American Bar Association, over 70% of Americans do not have a will or estate plan in place. This leaves loved ones vulnerable and can lead to costly legal battles.
A properly structured revocable living trust can help avoid these pitfalls.
Testimonials
“Steve Bliss guided me through the process of setting up a revocable living trust with empathy and expertise. I highly recommend his services.” – Mary S.
“The team at The Law Firm of Steven F. Bliss Esq. was incredibly professional and knowledgeable. They made estate planning feel manageable, and we’re grateful for their support.” – John and Susan P.
Securing Your Legacy
Tiffany: Steve, what is the best way for our viewers to learn more about revocable living trusts and other estate planning options?
Steve: We encourage anyone interested in protecting their assets and ensuring their wishes are carried out to contact us today for a free consultation. We’re dedicated to helping individuals and families navigate the complexities of estate planning with clarity and confidence.
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: “How can I make my trust less likely to be challenged?” 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.
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