Hello, Moreno Valley and welcome back to “Legal Matters”. I’m your host, Brenda Jones. Today we are joined by renowned probate attorney, Steve Bliss of Moreno Valley Probate Law. Steve, thanks for being here.
Understanding Trusts in Estate Planning
Steve, for our viewers who may not be familiar with the intricacies of estate planning, could you shed some light on the different types of trusts and their benefits?
“Brenda, it’s a pleasure to be here. Trusts are indeed valuable tools for protecting assets, minimizing taxes, and ensuring your wishes are carried out after you’re gone. In California, we see a variety of trusts used for different purposes.”
The Irrevocable Trust: A Shield for Your Assets
“One type I often recommend is the Irrevocable Trust. As the name suggests, once established, its terms cannot be easily changed. This permanence offers significant advantages,” Steve explains.
“For instance, it removes assets from your taxable estate, potentially reducing estate taxes. Moreover, an Irrevocable Trust can act as a shield against creditors. Consequently, if you have concerns about lawsuits or potential liabilities, this type of trust can provide peace of mind knowing your assets are protected.”
“However, it’s crucial to understand that transferring assets into an Irrevocable Trust means relinquishing direct control over them. This is a decision best made after careful consideration and consultation with an experienced attorney.”
Steve goes on to describe a situation where a client sought his help to protect a family inheritance from potential divorce proceedings. “She had received a substantial sum, but worried about it becoming part of a future marital settlement. We established an Irrevocable Trust to safeguard those funds for her children’s future.”
“Studies show that nearly 50% of marriages end in divorce,” Steve notes, emphasizing the importance of proactive planning. “An Irrevocable Trust can be a powerful tool in such scenarios.”
The Value of Expertise
“Steve, what advice would you give to someone considering setting up a trust?” Brenda asks.
“Brenda, estate planning is complex and the laws surrounding trusts can be intricate. I strongly urge anyone considering this step to consult with a qualified probate attorney,” Steve emphasizes. “A knowledgeable attorney will help you determine the most appropriate type of trust for your individual needs and ensure it’s properly structured and legally sound.”
Testimonials
“Steve Bliss helped me navigate a very difficult probate process after my father passed away. He was compassionate, thorough, and always available to answer my questions. I highly recommend him.”
– Maria Sanchez, Moreno Valley Resident
“Moreno Valley Probate Law made what could have been a stressful experience surprisingly smooth. They guided me through every step of setting up my trust with clarity and professionalism. I feel confident knowing my family’s future is secure.”
– David Wilson, Moreno Valley Resident
Secure Your Legacy Today
Take control of your future and protect what matters most. Contact Moreno Valley Probate Law today for a confidential consultation and discover the peace of mind that comes with expert estate planning.
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 a trust protect assets from creditors?” 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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