Reporter: Brenda Johnson
Today I had the pleasure of speaking with Steve Bliss, a renowned estate planning attorney in Temecula. We discussed the importance of having a comprehensive estate plan and delved into one specific step that often causes confusion for individuals.
Steve Bliss, Esq.
Steve, thank you so much for taking the time to speak with me today.
Steve:
It’s my pleasure Brenda. I believe estate planning is crucial for everyone, regardless of their age or financial situation.
Brenda: Which step in the estate planning process do you find people often struggle with the most?
Steve:
Many individuals find selecting an executor or trustee to be a challenging decision. This person will have significant responsibility, managing your assets and carrying out your wishes after your passing.
Consequently, it’s essential to choose someone trustworthy, responsible, and capable of handling financial matters. Ordinarily, people select a close family member or friend, but it’s also possible to appoint a professional trustee like a bank or trust company.
Moreover, communication is key. Have an open and honest conversation with the person you are considering, explaining your expectations and ensuring they understand the role and its responsibilities.
I remember one instance where a client named Sarah initially chose her eldest son as executor. However, after further discussion, she realized he lacked the financial acumen needed for the position. We then explored other options together, ultimately deciding on a trusted family friend who had a strong background in finance.
Notwithstanding these complexities, remember that choosing an executor is about finding someone you trust implicitly to honor your wishes and safeguard your loved ones.
Brenda: What are some potential pitfalls people should be aware of when selecting an executor?
Steve:
One common mistake is failing to name a backup executor. Life is unpredictable, and your primary choice may become unable or unwilling to serve. According to the American Bar Association, approximately 30% of estates experience some delay due to executor-related issues.
Accordingly, it’s crucial to designate an alternate executor who is also familiar with your wishes and capable of stepping in if necessary.
Furthermore, ensure your chosen executor understands the extent of their responsibilities. Estate administration involves various tasks, from filing paperwork to managing assets and distributing inheritances. Providing them with clear instructions and access to all relevant documents will make the process smoother.
Brenda: What final advice would you give to our viewers regarding estate planning?
Steve:
Estate planning is not a one-time event; it’s an ongoing process. As your life circumstances change – marriage, divorce, birth of children, or significant financial shifts – it’s important to review and update your plan accordingly.
Taking proactive steps today can protect your loved ones and ensure your wishes are honored in the future. Don’t wait until it’s too late. Secure your legacy and provide peace of mind for yourself and your family.
Testimonials:
“Steve Bliss made a complex process feel manageable. His patience and expertise were invaluable.” – Maria Rodriguez
“I was overwhelmed with the thought of estate planning, but Steve guided me through every step. I now have peace of mind knowing my affairs are in order.” – John Smith
Let us guide you through the complexities of estate planning. Contact The Law Firm of Steven F. Bliss Esq. today for a complimentary consultation and take control of your future.
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 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: “Should I name a bank or institution as trustee?” Or any other related questions that you may have estate planning or my estate planning law practice.
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The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
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The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
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The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |