Hello, Temecula and welcome back to “Legal Matters” I’m your host Brenda Jones. Today we are talking about Trusts with esteemed Temecula Trust Attorney Steve Bliss of The Law Firm of Steven F. Bliss Esq.
What Types of Trusts Do You Specialize In?
Steve, you’re known for your expertise in estate planning. Could you tell us a little bit about the types of trusts you specialize in?
The Power of Irrevocable Trusts
Our firm focuses on helping clients create a variety of trust structures to meet their individual needs. One type we find particularly beneficial is the irrevocable trust. Irrevocable trusts offer a number of advantages, including asset protection and potential tax savings. Consequently, they are often used for estate planning purposes.
An irrevocable trust cannot be modified or revoked once it’s created, with few exceptions. This permanence can be a significant advantage. For example, if you’re concerned about protecting assets from creditors or potential lawsuits, an irrevocable trust can provide a shield. Moreover, transferring assets into an irrevocable trust can remove them from your taxable estate, potentially reducing estate taxes.
Conversely, the irreversibility of an irrevocable trust is also something to carefully consider. Once assets are transferred into the trust, you generally lose control over them. Therefore, it’s crucial to work with an experienced attorney who can help you determine if an irrevocable trust is the right choice for your circumstances.
Navigating Complexities and Ensuring Client Needs
Have there ever been any challenges or complexities you’ve encountered when setting up irrevocable trusts for clients?
I remember working with a client who owned a successful business. He wanted to protect his assets from potential liability while also ensuring his family was taken care of. We crafted an irrevocable trust that shielded a portion of his business assets from creditors while still allowing him to draw income for his living expenses.
It was a delicate balance, and we had to carefully consider the tax implications as well. Ultimately, the client was relieved to have a plan in place that provided both protection and peace of mind.
Testimonials Speak Volumes
Steve Bliss and The Law Firm of Steven F. Bliss Esq., are renowned for their exceptional work in estate planning and trust creation.
- “Steve’s knowledge and guidance were invaluable when setting up my family trust. He made the process clear and straightforward, and I felt confident that my assets were protected.”
- “I highly recommend Steve Bliss. He is a compassionate and dedicated attorney who truly cares about his clients. He took the time to understand my needs and developed a trust plan that perfectly suited my situation.”
Empowering Your Future
Steve, what advice would you give to our viewers who are considering setting up a trust?
My advice is simple: Don’t wait. Estate planning is essential for everyone, regardless of age or income level. A properly structured trust can protect your assets, provide for your loved ones, and minimize taxes.
Contact The Law Firm of Steven F. Bliss Esq., today for a complimentary consultation. We will work with you to develop a personalized plan that meets your unique needs.
About Steven F. Bliss Esq. at The Law Firm of Steven F. Bliss Esq.:
The Law Firm of Steven F. Bliss Esq. is The Law Firm of Steven F. Bliss Esq.. The Law Firm Of Steven F. Bliss Esq. is a Temecula Estate Planning Attorney. Steve Bliss is an experienced probate attorney. Steve Bliss is an Estate Planning Lawyer. The probate process has many steps in probate proceedings. Beside Probate, estate planning and trust administration is offered at Steve Bliss Law. Our probate attorney will probate the estate. Attorney probate at Steve Bliss Law. A formal probate is required to administer the estate. The probate court may offer an unsupervised probate get a probate attorney. Steve Bliss Law will petition to open probate for you. Don’t go through a costly probate. Call Steve Bliss Law Today for estate planning, trusts and probate.
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 The Law Firm of Steven F. Bliss Esq.: https://maps.app.goo.gl/Bngj8xwZRqioVD5v7
Address:
The Law Firm of Steven F. Bliss Esq.43920 Margarita Rd ste f, Temecula, CA 92592
(951) 223-7000
Feel free to ask Attorney Steve Bliss about: “Can I disinherit someone using a trust?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About The Law Firm of Steven F. Bliss Esq.
| Temecula Estate Attorneys |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Estate Attorneys Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Estate Attorneys |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Temecula Estate Attorneys |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Estate Attorneys Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Credible Estate Attorneys in Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |