Interview with Steve Bliss
Good morning San Diego and welcome to our segment on estate planning. Today we’re joined by Steve Bliss, a renowned probate attorney right here in San Diego. Steve, thanks for being with us.
It’s my pleasure to be here.
Types of Trusts
Steve, for those unfamiliar, can you give our viewers a quick overview of some common types of trusts and their purposes?
Certainly. There are many types of trusts, each serving a unique purpose. For instance, a Revocable Living Trust is incredibly popular because it allows individuals to manage their assets during their lifetime while avoiding the complexities and costs of probate upon their passing. Conversely, an Irrevocable Trust offers greater asset protection but relinquishes control over those assets. Testamentary Trusts are established through a will and take effect after death, often used to safeguard assets for minor children. And then there are Specialized Trusts like Charitable Trusts and Spendthrift Trusts, each designed for specific circumstances.
Understanding Revocable Living Trusts
Let’s dive deeper into Revocable Living Trusts. What are some key benefits they offer?
Revocable Living Trusts provide a number of advantages. Firstly, they bypass probate, which can be a lengthy and expensive process. This means your assets will transfer to your beneficiaries more efficiently. Moreover, they offer privacy as the terms of the trust aren’t publicly available through probate court records.
Furthermore, Revocable Living Trusts allow for flexibility. You, as the grantor, retain control over the assets during your lifetime and can modify the trust terms if needed. Consequently, it’s a powerful tool for ensuring your wishes are carried out while allowing for adjustments based on changing circumstances.
Challenges with Revocable Living Trusts
While they offer many benefits, have you encountered any challenges or common misconceptions when advising clients about Revocable Living Trusts?
One misconception I often address is the belief that a Revocable Living Trust is only for the wealthy. In reality, anyone with assets they want to protect and distribute efficiently can benefit from this type of trust. Another challenge arises when clients aren’t fully informed about the importance of properly funding the trust. Simply creating the trust isn’t enough; you need to transfer ownership of your assets into the trust for it to be effective. I recall one instance where a client thought their home was automatically part of the trust, leading to complications after their passing.
This experience underscored the importance of clear communication and thorough guidance throughout the estate planning process. It’s crucial that clients understand every step involved and feel confident in their decisions.
Finding Peace of Mind
Steve, what would you say to someone who is hesitant about starting the estate planning process?
I understand that estate planning can seem daunting, but it’s ultimately about providing peace of mind for yourself and your loved ones. Imagine knowing that your assets will be distributed according to your wishes and your family won’t face unnecessary stress and expense during an already difficult time. According to the American Bar Association, over 50% of Americans do not have a will or trust in place, leaving their families vulnerable.
Taking proactive steps now can alleviate future burdens and ensure your legacy is honored. Don’t let procrastination rob you of this essential protection.
San Diego Probate Law: Your Trusted Partner
Steve, how can people get started with estate planning?
The best way to begin is to schedule a consultation with an experienced probate attorney. We can assess your individual needs and goals, explain the various options available, and guide you through the entire process. Remember, securing your future starts today.
Testimonials
“Steve Bliss and his team at San Diego Probate Law were incredibly helpful and supportive during a difficult time. They made the probate process much smoother than I anticipated.” – Mary S.
“I highly recommend San Diego Probate Law for their professionalism, knowledge, and compassion. They truly go above and beyond to serve their clients.” – David L.
About Steven F. Bliss Esq. at San Diego Probate Law:
Secure Your Family’s Future with San Diego’s Trusted Trust Attorney. Minimize estate taxes with stress-free Probate. We craft wills, trusts, & customized plans to ensure your wishes are met and loved ones protected.
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 San Diego Probate Law:
Address:
San Diego Probate Law3914 Murphy Canyon Rd, San Diego, CA 92123
(858) 278-2800
Map Link: https://g.co/kgs/WzT6443
Feel free to ask Attorney Steve Bliss about: “Do I need a lawyer to create a living trust?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About San Diego Probate Law
| San Diego Living Trust Lawyer |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Living Trust Lawyer San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Living Trust Lawyer |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| San Diego Living Trust Lawyer |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Living Trust Lawyer San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Credible Living Trust Lawyer in San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |