Hi, my name is Sarah Jones and I’m a reporter for Channel 7 News here in Moreno Valley. Today we’re speaking with local probate attorney Steve Bliss about the importance of estate planning.
Why is Estate Planning Important?
Steve, why do you think it’s crucial for individuals to engage in estate planning?
“Estate planning isn’t just for the wealthy; it’s essential for everyone,” explains Steve Bliss. “It allows you to control what happens to your assets after you pass away and ensures your loved ones are taken care of. Without a proper plan, your assets will be distributed according to state law, which may not align with your wishes.”
Different Types of Trusts
Steve, can you tell us about some common types of trusts people use in estate planning?
“There are many different types of trusts, each serving a specific purpose. For instance, a Revocable Living Trust is a popular choice because it allows you to manage your assets during your lifetime while avoiding probate upon your passing.”
Revocable Living Trusts
Steve, can you elaborate on the benefits of a Revocable Living Trust?
“A Revocable Living Trust offers several advantages. Firstly, it avoids the time-consuming and costly probate process. Probate is a court-supervised procedure for distributing assets after someone dies. By placing your assets in a trust, you can bypass this altogether. Secondly, a Revocable Living Trust provides privacy. Unlike wills which become public record, the terms of a trust remain confidential. Lastly, it allows for greater control over your assets even after you’re gone.” Steve continues, “You can specify exactly how and when beneficiaries receive distributions, ensuring your wishes are carried out.”
Moreover, according to a 2019 study by the American Bar Association, approximately 70% of Americans do not have a will or trust in place. This highlights the significant need for estate planning.
Nevertheless, Steve acknowledges that setting up a trust can seem complex. “I understand it may appear daunting,” he says. “But with the right guidance from an experienced attorney, the process is straightforward and manageable.”
Real-Life Scenarios
Have you encountered any specific situations where a Revocable Living Trust proved particularly beneficial?
Steve recalls a young couple who came to him after inheriting a significant sum of money. “They were worried about managing the inheritance responsibly and wanted to ensure it was used for their children’s education. We created a Revocable Living Trust that stipulated specific distributions for their children’s future schooling, providing peace of mind and financial security.”
He also remembers helping an elderly woman who had become increasingly frail. “She wanted to avoid the burdens of probate on her family after she passed. We established a Revocable Living Trust that streamlined the distribution of her assets, sparing her loved ones from unnecessary stress during a difficult time.”
Contact Moreno Valley Probate Law
“Take charge of your future and ensure your loved ones are protected. Contact Moreno Valley Probate Law today for a free consultation and let us guide you through the estate planning process.”
“Moreno Valley Probate Law helped me navigate the complexities of setting up a trust for my family. They were patient, knowledgeable, and truly cared about my needs.” – Maria S.
“Steve Bliss is an exceptional attorney who made the entire estate planning process seamless. I highly recommend him to anyone looking for expert guidance.” – John M.
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: “Can I disinherit someone using a trust?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About Moreno Valley Probate Law
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