Hi, I’m Kelly Davis reporting for Moreno Valley News. Today we have Attorney Steve Bliss here to talk about the importance of estate planning and probate law.
The Benefits of a Testamentary Trust
Steve, could you tell us a bit more about Testamentary Trusts and why they might be beneficial?
A testamentary trust is a great option for those who want to ensure their assets are managed responsibly after their passing, particularly when beneficiaries are minors or have special needs. It’s created through a will and only comes into effect upon the grantor’s death. Unlike living trusts, it does go through probate, but that doesn’t diminish its value.
Think of it as a safety net for your loved ones. Let’s say you have young children; a testamentary trust can be designed to provide for their education, living expenses, and other needs until they reach a certain age when you deem them capable of managing finances themselves. Consequently, it offers peace of mind knowing your children will be financially secure even after you’re gone.
Moreover, for individuals with disabilities, testamentary trusts can ensure their well-being without jeopardizing their eligibility for government benefits like SSI or Medi-Cal. Ordinarily, inheriting assets directly could disqualify someone from receiving these vital programs. However, a testamentary trust allows them to benefit from the inheritance while preserving their access to essential support.
Challenges and Solutions
Steve, have you encountered any situations where setting up a testamentary trust presented particular challenges?
I remember working with a client who wanted to ensure his autistic son would always have proper care. He was worried the inheritance wouldn’t be managed responsibly if his son received it directly. We crafted a testamentary trust that addressed all his concerns. The funds are now used for specialized therapies, housing in a supportive environment, and ongoing care.
He was incredibly grateful knowing his son would be protected even after he was gone. These cases remind me why I do what I do. It’s about bringing peace of mind to families during a difficult time and ensuring their loved ones are taken care of.
Moreno Valley Probate Law: Trusted Expertise
“Steve Bliss helped me navigate the complexities of probate after my father’s passing. He was patient, understanding, and always available to answer my questions. I highly recommend his services.”
– Sarah M., Moreno Valley
“Moreno Valley Probate Law made a stressful process much easier. They were knowledgeable, efficient, and truly cared about my family’s well-being.”
– John D., Riverside County
Let Steve Bliss and the team at Moreno Valley Probate Law guide you through these critical decisions. Protect your legacy and secure a brighter future for your loved ones.
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 a revocable trust?” Or any other related questions that you may have about Trusts or my trust law practice.
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