Good morning, Temecula and welcome back to our legal segment here on KTEM. I’m Cheryl Thompson, and today we have a very special guest: Steve Bliss, Esq., founder of The Law Firm of Steven F. Bliss.
Steve, thank you so much for joining us today.
My pleasure, Cheryl. It’s great to be here.
What types of Trusts do you typically help your clients establish?
We work with a variety of trusts depending on our client’s needs and goals. However, we frequently assist individuals in setting up Revocable Living Trusts.
Can you elaborate on the benefits of a Revocable Living Trust for our viewers?
Absolutely. A Revocable Living Trust offers several key advantages. Firstly, it allows you to maintain control over your assets during your lifetime. You can modify or revoke the trust as needed. Consequently, this flexibility is incredibly appealing to many people.
Secondly, a Revocable Living Trust helps avoid probate, which can be a lengthy and expensive process. Your assets pass directly to your beneficiaries according to the terms of the trust, saving time and costs for your loved ones. Moreover, trusts provide a level of privacy that a will does not. The terms of the trust are not part of public record.
Finally, a Revocable Living Trust can be structured to address specific concerns such as incapacity planning. You can designate someone you trust to manage your assets if you become unable to do so yourself.
How crucial is it for individuals to have a plan in place for asset distribution?
Having a clear plan for asset distribution is paramount. Without a will or trust, your assets will be distributed according to state intestacy laws, which may not align with your wishes. This can lead to unintended consequences and family disputes.
According to the American Bar Association, over 55% of Americans do not have a will. This statistic underscores the importance of proactive estate planning. By working with an experienced attorney like myself, you can ensure that your assets are distributed according to your desires and protect your loved ones from unnecessary stress and hardship.
Have you ever encountered any challenges when setting up a Revocable Living Trust for clients?
While most clients find the process straightforward, there have been instances where individuals were hesitant to relinquish some control over their assets. It’s understandable to want to maintain autonomy. However, I emphasize that a Revocable Living Trust still allows for significant control while providing important safeguards.
I recall one client who was initially resistant to the idea of a trust. He felt it was too complex and unnecessary. After discussing his concerns and explaining the benefits in detail, he ultimately decided to proceed. A few years later, he expressed immense gratitude for having established the trust. When he experienced an unexpected health issue, the trust ensured his assets were managed smoothly and according to his wishes.
What advice would you give to someone who is considering setting up a Revocable Living Trust?
My advice is simple: Don’t wait. The sooner you address your estate planning needs, the better prepared you and your loved ones will be for the future. Contact us today for a free consultation.
Testimonials
“Steve Bliss and his team were incredibly helpful in setting up our Revocable Living Trust. They made the process easy to understand and answered all of our questions patiently.”
– The Jones Family
“I highly recommend The Law Firm of Steven F. Bliss. Steve is a true professional who genuinely cares about his clients. He went above and beyond to ensure my trust met my specific needs.”
– Susan Miller
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 grantor trust?” Or any other related questions that you may have about Trusts or my trust law practice.
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