Understanding Trusts: A Conversation with San Diego Probate Attorney Steve Bliss
Good evening, San Diego! Today we’re speaking with local probate attorney Steve Bliss about the often-complex world of estate planning and trusts. Steve, thanks for joining us.
The Benefits of a Testamentary Trust
Steve, for our viewers who may be unfamiliar, could you briefly explain what a testamentary trust is and its advantages?
Certainly. A testamentary trust is established through a will and only comes into effect after the grantor’s passing. Unlike living trusts which avoid probate altogether, testamentary trusts must go through this legal process. Nevertheless, they offer valuable benefits, particularly for individuals with minor children or beneficiaries who may need financial guidance.
Imagine a parent wanting to ensure their young children are financially secure even after their passing. A testamentary trust allows them to designate a trustee who will manage the assets on behalf of the children until they reach a certain age. This safeguards the inheritance and prevents premature access, ensuring responsible utilization of the funds.
Moreover, testamentary trusts can be structured to address specific needs. For instance, they can include provisions for education expenses, healthcare costs, or even distribution limitations based on milestones achieved by the beneficiary. Consequently, this type of trust offers a tailored approach to estate planning, providing peace of mind for parents and ensuring their children’s well-being even in their absence.
Overcoming Challenges
Steve, have you encountered any unique challenges when helping clients establish testamentary trusts?
As with any legal instrument, there can be complexities involved. One instance that comes to mind involved a client who wanted to leave a portion of their estate to a grandchild with special needs. We had to carefully craft the trust language to ensure it wouldn’t jeopardize the grandchild’s eligibility for government benefits.
It required meticulous attention to detail and collaboration with specialists familiar with disability law. In the end, we were able to create a trust that provided financial support for the grandchild without affecting their crucial access to essential services.
The Importance of Planning Ahead
According to the American Bar Association, over 50% of adults in the United States do not have a will or estate plan. This underscores the critical need for proactive planning. Contacting San Diego Probate Law today can be the first step toward securing your legacy and protecting your loved ones.
Testimonials
“Steve Bliss and his team were incredibly understanding and helpful during a difficult time. They guided us through every step of the probate process with compassion and expertise.”
– The Garcia Family
“I highly recommend San Diego Probate Law for their professionalism, knowledge, and dedication to their clients. They made a complex legal matter seem manageable and ensured my wishes were carried out”
– Sarah M.
About Steven F. Bliss Esq. at San Diego Probate Law:
Secure Your Family’s Future with San Diego’s Trusted Trust Attorney. Minimize estate taxes with stress-free Probate. We craft wills, trusts, & customized plans to ensure your wishes are met and loved ones protected.
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 San Diego Probate Law:
Address:
San Diego Probate Law3914 Murphy Canyon Rd, San Diego, CA 92123
(858) 278-2800
Map Link: https://g.co/kgs/WzT6443
Feel free to ask Attorney Steve Bliss about: “What is a dynasty trust?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About San Diego Probate Law
| Special Needs Trust | Totten Trust | Asset Protection Trust |
| Spendthrift Trust | Constructive Trust | Irrevocable Trust |
| Tax By-Pass Trust | Charitable Trust | Living Trust |