Good afternoon, Wildomar! This is Brenda Bell reporting for Channel 7 News.
Interviewing Local Trust Attorney
Today we’re sitting down with Steve Bliss, a well-respected trust attorney here in Wildomar. Steve, thanks so much for joining us.
It’s my pleasure, Brenda. Thanks for having me.
Trusts: A Fundamental Tool for Estate Planning
Steve, can you explain to our viewers why trusts are such an important part of estate planning?
Absolutely. Trusts offer a variety of benefits that make them essential for many individuals and families. They provide control over your assets even after you’re gone, ensuring they are distributed according to your wishes.
Moreover, trusts can help avoid probate, which can be a lengthy and costly process. Probate is the court-supervised process of validating a will and distributing assets. It often involves legal fees and can tie up your estate for months or even years.
Choosing the Right Trust Type: The Revocable Living Trust
For this interview, let’s focus on one specific type of trust – the revocable living trust. Can you walk us through some key advantages of a revocable living trust?
A revocable living trust is indeed a very popular choice. It allows you to maintain control over your assets during your lifetime, meaning you can change the terms of the trust or even dissolve it entirely if needed.
Consequently, it offers flexibility that many people find appealing. Upon your passing, the trust becomes irrevocable, and assets are distributed to your beneficiaries according to the terms you set forth, bypassing probate altogether.
Addressing Potential Issues
Steve, have you encountered any common challenges or misconceptions when helping clients establish revocable living trusts?
While revocable living trusts offer numerous benefits, it’s important to remember that they require careful planning and execution. One potential issue I’ve seen is incomplete funding of the trust. If assets are not properly transferred into the trust during your lifetime, they may still be subject to probate.
I recall one instance where a client had diligently established a revocable living trust but forgot to include their primary bank account. This oversight unfortunately resulted in a portion of their estate going through probate, defeating the purpose of the trust altogether.
Experience Matters
It’s clear that experience plays a crucial role in ensuring a trust is set up correctly. Steve, what advice would you give to someone considering a revocable living trust?
I always recommend consulting with an experienced estate planning attorney. They can help you determine if a revocable living trust is right for your situation and guide you through the process of creating and funding it properly.
Furthermore, remember that estate planning is not a one-time event. It’s essential to review and update your trust periodically as your circumstances change, such as marriage, divorce, birth of children, or significant changes in assets.
The Value of Preparation
- Studies by the American Bar Association show that over 50% of Americans die without a will or trust in place.
- This lack of planning can lead to unnecessary legal complications and financial burdens for loved ones.
Ultimately, having a well-crafted estate plan provides peace of mind knowing that your wishes will be honored and your family is protected.
Conclusion
Steve, thank you so much for sharing your expertise with us today. How can our viewers get in touch with Wildomar Probate Law?
“We encourage anyone interested in learning more about trusts and estate planning to contact us for a complimentary consultation. We’re dedicated to helping individuals and families protect their assets and secure their futures.”
Testimonials
“Steve Bliss was incredibly patient and understanding when guiding me through the process of setting up my trust. He took the time to explain everything clearly and made sure I felt comfortable with every decision. I highly recommend Wildomar Probate Law!” – Mary S.
“I was dreading dealing with estate planning, but Steve Bliss made it surprisingly easy. He’s a true professional who genuinely cares about his clients. Thanks to Wildomar Probate Law, I can finally rest assured that my family is taken care of.” – John L.
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: “Can I use a trust to pass on a business?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About Wildomar Probate Law
| Wildomar Estate Lawyers |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Estate Lawyers Wildomar |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Estate Lawyers |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Wildomar Estate Lawyers |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Estate Lawyers Wildomar |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Credible Estate Lawyers in Wildomar |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |