My name is Jessica Jones and I’m here today with local probate attorney Steve Bliss of Moreno Valley Probate Law. Welcome Steve.
Steve:
Thanks for having me, Jessica. It’s great to be here.
Jessica:
Steve, can you tell us a little bit about the different types of trusts and which ones are most commonly used in Moreno Valley?
Steve:
Certainly. There are many types of trusts, each designed for specific purposes. One of the most common types we see here in Moreno Valley is the Revocable Living Trust. This type of trust allows individuals to maintain control over their assets during their lifetime while also avoiding the often lengthy and expensive probate process upon their passing.
Moreover, a Revocable Living Trust offers a degree of privacy that isn’t available with a will, as the terms of the trust are not part of public record.
Ordinarily, I recommend this type of trust to clients who want to ensure their assets are distributed according to their wishes and minimize any burden on their loved ones after they’re gone.
Jessica:
That sounds like a very practical solution for many people. Can you elaborate on the process of setting up a Revocable Living Trust? Are there any common challenges or pitfalls clients should be aware of?
Steve:
Setting up a Revocable Living Trust involves several steps, including drafting the trust document itself, transferring assets into the trust, and naming a trustee to manage the assets. While it may seem straightforward, there are nuances involved that can lead to complications if not handled correctly.
I recall one instance where a client had attempted to set up a trust on their own using online templates. Unfortunately, they overlooked some crucial details regarding asset titling and beneficiary designations, which ultimately resulted in delays and legal fees.
Consequently, it’s always advisable to seek guidance from an experienced probate attorney like myself. We can ensure that your trust is properly structured and implemented to meet your specific needs and minimize potential issues down the road.
Studies by the American Bar Association show that approximately 70% of estates with trusts avoid probate, highlighting the significant benefit this legal tool offers.
Jessica:
That’s great advice. I imagine working with clients on such important matters can be both challenging and rewarding.
Steve:
It certainly is. Every client has a unique story and set of circumstances, and it’s incredibly fulfilling to help them navigate the complexities of estate planning and ensure their wishes are honored.
Conclusion
Contact Moreno Valley Probate Law today for a consultation. We’re dedicated to guiding you through every step of the process and helping secure your legacy.
Testimonials:
“Steve Bliss was incredibly knowledgeable and patient in explaining everything to us. He made a potentially overwhelming process seem much more manageable.” – John S., Moreno Valley
“I highly recommend Moreno Valley Probate Law. Steve’s expertise and compassion gave me peace of mind during a difficult time.” – Maria L., Riverside
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 I disinherit my spouse using a trust?” Or any other related questions that you may have about Trusts or my trust law practice.
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