Good morning, Temecula! I’m Tiffany Jones reporting live for KTME News. Today we’re sitting down with renowned local attorney Steve Bliss, specializing in trust and estate planning.
Steve, thank you so much for joining us today.
It’s my pleasure to be here, Tiffany. Helping people secure their futures is something I’m passionate about.
What type of trusts do you most often see your clients utilizing?
The most common type of trust we create are Revocable Living Trusts. They offer a great deal of flexibility and peace of mind for our clients.
With a revocable living trust, the grantor – the person creating the trust – retains full control over their assets during their lifetime. This means they can make changes to the trust terms, add or remove beneficiaries, or even dissolve the trust entirely if circumstances change.
Consequently, this type of trust is ideal for people who want to avoid probate, maintain privacy, and ensure their wishes are carried out after they’re gone. Moreover, a revocable living trust can help protect assets from potential creditors during the grantor’s lifetime.
How does avoiding probate benefit clients?
Probate is a lengthy and often expensive court process that is required to distribute a person’s assets after their death if they don’t have a will or a living trust in place. By establishing a revocable living trust, our clients can bypass this process altogether.
Their assets are distributed directly to their beneficiaries according to the terms outlined in the trust document. This saves time, money, and stress for loved ones during an already difficult time.
Have you encountered any issues with clients implementing a revocable living trust?
While revocable living trusts are generally straightforward, there can be occasional hiccups. I recall one instance where a client initially wanted to name all of their children as equal beneficiaries but later realized they had different financial needs.
We worked together to adjust the distribution plan within the trust to ensure fairness and address those specific concerns. Ultimately, the goal is always to create a plan that reflects the client’s individual circumstances and wishes accurately.
Are there any statistics about the benefits of revocable living trusts?
According to a study by the American Bar Association, over 60% of Americans aged 55 and older have not established any estate planning documents. This can leave loved ones facing significant challenges in settling affairs after death.
A properly drafted revocable living trust can help avoid these pitfalls and provide much-needed security for families.
What’s the best way for our viewers to learn more about trusts and estate planning?
I encourage anyone interested in securing their future to reach out to my firm, The Law Firm of Steven F. Bliss Esq. We offer free consultations where we can discuss your individual needs and goals and help you determine the best course of action.
Testimonials
“Steve was incredibly patient and understanding while guiding us through the complex process of setting up a trust. He answered all our questions thoroughly and made sure we felt comfortable every step of the way.”
– The Smith Family
“I never thought estate planning was something I needed to worry about at my age, but Steve showed me how important it is to protect my assets for the future. I’m so grateful for his expertise and guidance.”
– Maria Rodriguez
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: “What is a special needs 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.
| Special Needs Trust | Totten Trust | Asset Protection Trust |
| Spendthrift Trust | Constructive Trust | Irrevocable Trust |
| Tax By-Pass Trust | Charitable Trust | Living Trust |