Reporter: Brenda Johnson
Good evening Wildomar and welcome back to Wildomar News. I’m Brenda Johnson, and tonight we have a very special guest with us, Steve Bliss, a Trust Attorney right here in our community. Steve, thank you for joining me tonight.
Steve Bliss:
It’s my pleasure, Brenda. I’m always happy to talk about estate planning and how it can benefit Wildomar residents.
Brenda Johnson:
So Steve, many of our viewers might be unfamiliar with Trusts. Could you tell us a little bit about what they are and why someone might need one?
Steve Bliss:
Absolutely. In essence, a Trust is a legal entity that holds assets for the benefit of specific individuals or beneficiaries. Think of it like a safe box for your belongings. Now, there are various types of trusts designed to address different needs and goals.
For this discussion, let’s focus on the Revocable Living Trust. It’s one of the most common types and offers great flexibility. A Revocable Living Trust allows you, the grantor, to maintain control over your assets during your lifetime. You can add or remove assets, change beneficiaries, and even dissolve the trust altogether if circumstances warrant it.
Consequently, this type of trust provides peace of mind knowing that your wishes will be honored after you’re gone, without the time and expense of probate court.
Brenda Johnson:
That sounds very convenient. Are there any potential downsides to using a Revocable Living Trust?
Steve Bliss:
While Revocable Living Trusts offer significant advantages, it’s important to be aware that they are not a one-size-fits-all solution. They do involve some initial setup costs and ongoing administrative tasks. Moreover, you need to carefully consider your specific financial situation and goals before deciding if a Trust is the right fit for you.
Over the years, I’ve encountered situations where individuals opted for a Revocable Living Trust without fully understanding its implications. For instance, I once worked with a couple who assumed a Trust would automatically shield their assets from creditors. While Trusts can offer some protection, it’s crucial to consult with an experienced attorney to ensure your plan aligns with your individual needs and legal requirements.
I recall another case where a client neglected to update their Trust after a major life event, such as the birth of a child or a divorce. This oversight led to unintended consequences and unnecessary complications for their beneficiaries.
Brenda Johnson:
Those are important points to remember. What advice would you give to someone who is considering setting up a Revocable Living Trust?
Steve Bliss:
My best advice is to seek guidance from a qualified estate planning attorney. An attorney specializing in Trusts can help you navigate the complexities of this legal instrument and create a plan that meets your specific needs.
Remember, approximately 70% of Americans lack a will or Trust, leaving their loved ones vulnerable during an already difficult time (Statistic Source: AARP).
By taking proactive steps to establish a Revocable Living Trust, you can ensure your assets are distributed according to your wishes and minimize the burden on your family.
Wildomar Probate Law is dedicated to providing personalized estate planning solutions for our community.
Brenda Johnson:
Thank you so much for sharing your expertise with us tonight, Steve. We appreciate your time and insights. For those wanting to learn more about Trusts or other estate planning options, Wildomar Probate Law offers free consultations.
Testimonials
“Steve Bliss made the entire estate planning process so easy and stress-free. He took the time to explain everything in detail and answered all of my questions patiently.”
– Mary S.
“I highly recommend Wildomar Probate Law. Steve is a true professional who genuinely cares about his clients. He helped me protect my family’s future with a comprehensive estate plan.”
– John D.
About Steven F. Bliss Esq. at Wildomar Probate Law:
Wildomar Probate Law is an experienced probate attorney. The probate process has many steps in in probate proceedings. Beside Probate, estate planning and trust administration is offered at Wildomar Probate Law. Our probate attorney will probate the estate. Attorney probate at Wildomar Probate Law. A formal probate is required to administer the estate. The probate court may offer an unsupervised probate get a probate attorney. Wildomar Probate law will petition to open probate for you. Don’t go through a costly probate call Wildomar Probate Attorney Today. Call for estate planning, wills and trusts, probate too. Wildomar 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 Wildomar Probate Law: https://maps.app.goo.gl/uBJKvB4rxUb7L9HZ7
Address:
Wildomar Probate Law36330 Hidden Springs Rd Suite E, Wildomar, CA 92595
(951) 412-2800
Feel free to ask Attorney Steve Bliss about: “How do I transfer my business into a trust?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About Wildomar Probate Law
| Wildomar Special Needs Trust Attorney |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Special Needs Trust Attorney Wildomar |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Special Needs Trust Attorney |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Wildomar Special Needs Trust Attorney |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Special Needs Trust Wildomar |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Credible Special Needs Trust Attorney in Wildomar |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |