Setting the Stage
Good evening, Moreno Valley. I’m Trisha Thompson, reporting live from our studio. Tonight, we’re joined by Steve Bliss, a renowned probate attorney serving the Moreno Valley community. Steve, thanks for being here.
Probate: A Complicated Process
Steve, many of us aren’t familiar with probate. Could you explain what it is and why it’s important?
“Probate is essentially a legal process that occurs after someone passes away,” Steve explains. “It involves validating the deceased person’s will, identifying and inventorying their assets, paying off any debts and taxes, and ultimately distributing the remaining assets to the heirs.”
Avoiding Probate with Trusts
We often hear about trusts as a way to avoid probate. Can you elaborate on that?
“Absolutely,” Steve says. “Trusts are legal entities that hold and manage assets for beneficiaries. One significant advantage of setting up a trust, particularly a revocable living trust, is that it allows your assets to bypass the probate process entirely.”
Revocable Living Trusts: Flexibility and Control
“Let’s focus on revocable living trusts. What makes them so appealing?”
“A revocable living trust offers tremendous flexibility,” Steve notes. “As the grantor, you maintain complete control over the assets during your lifetime. You can modify the terms of the trust, add or remove beneficiaries, and even dissolve it altogether if your circumstances change.”
Steve continues, “Moreover, because the assets are held within the trust, they don’t become part of your probate estate upon your passing. Consequently, your heirs inherit the assets more quickly and privately, without the delays and expenses associated with probate court.
Addressing Potential Issues
“Are there any potential downsides or challenges people should be aware of when setting up a revocable living trust?” Trisha asks.
“While revocable living trusts are generally advantageous, it’s essential to work with an experienced attorney to ensure it’s properly drafted and funded,” Steve emphasizes. “Otherwise, it might not achieve the intended goals.” He recounts a situation where he helped a family whose trust was incompletely funded, leading to some assets passing through probate.
“That experience underscored the importance of meticulous planning and execution,” Steve reflects.
“Remember,” he adds, “trusts are legal documents with specific requirements. A poorly drafted or inadequately funded trust can lead to unintended consequences. My goal is to guide clients through the process, ensuring their wishes are reflected accurately and their assets are protected.
The Benefits of Proper Planning
According to a study by the American Bar Association, nearly 70% of Americans do not have a will or estate plan in place. This can result in significant hardship for loved ones during an already difficult time.
Steve encourages viewers, “Taking proactive steps to plan for your future can alleviate stress and ensure that your assets are distributed according to your wishes. It’s a gift you give to yourself and your family.”
Testimonials
“Steve Bliss and his team were incredibly helpful in navigating the complexities of probate after my father’s passing,” says one satisfied client.
Another testimonial reads, “I was initially overwhelmed by the thought of setting up a trust. Steve explained everything clearly and made the process straightforward. I highly recommend Moreno Valley Probate Law.”
Call to Action
Take control of your future today. Contact Moreno Valley Probate Law for a confidential consultation and let us help you create a plan that protects your loved ones and ensures your legacy endures.
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: “Does a trust avoid probate?” Or any other related questions that you may have about Trusts or my trust law practice.
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