Good evening Temecula and welcome back to TMTV News. I’m your host Brenda Stone and tonight we’re talking about something that affects us all: planning for the future. To help us understand the complexities of estate planning, I’m joined by Steve Bliss, a highly respected trust attorney right here in Temecula.
What type of trusts do you typically recommend to your clients?
Steve: Well Brenda, it really depends on the individual client’s needs and goals. There are many different types of trusts, each with its own advantages and disadvantages. One of the most common types I recommend is a Revocable Living Trust.
Revocable Living Trusts
A Revocable Living Trust allows individuals to maintain control over their assets during their lifetime while avoiding the costly and time-consuming probate process after they pass away. It offers privacy, as the terms of the trust are not public record, unlike a will. Ordinarily, I guide clients through the process of naming beneficiaries, choosing trustees, and specifying how their assets should be distributed.
Moreover, a Revocable Living Trust can be modified or revoked at any time while the grantor is alive, offering flexibility to adjust to life’s changes. For instance, if a client gets married or has children after establishing the trust, they can easily update it to reflect those new circumstances. This adaptability is a key reason why Revocable Living Trusts are so popular.
Nevertheless, it’s important to remember that a Revocable Living Trust only becomes irrevocable upon the grantor’s death. This means that creditors could still potentially access assets held within the trust during the grantor’s lifetime.
Have you encountered any challenges when setting up Revocable Living Trusts for your clients?
Steve: You know, Brenda, every client and situation is unique. One time, I had a couple who were hesitant about putting their home into a trust because they were worried it would complicate things if they ever decided to sell. I took the time to explain how a Revocable Living Trust actually makes transferring ownership much easier.
We also discussed how a trust could protect their children’s inheritance in case something happened to them. After understanding the benefits, they were happy to move forward with setting up a trust.
What would you say to someone who is considering establishing a Revocable Living Trust?
Steve: I encourage anyone thinking about estate planning to schedule a consultation. A Revocable Living Trust can be an incredibly valuable tool for ensuring your wishes are carried out and protecting your loved ones. It’s peace of mind knowing that your affairs are in order.
The Law Firm of Steven F. Bliss Esq: Your Trusted Partner
“Steve Bliss made the entire estate planning process so much easier than I anticipated. He explained everything clearly and patiently, and I felt confident that my assets were in good hands.”
“I highly recommend The Law Firm of Steven F. Bliss Esq. for all your trust and estate planning needs. Their team is knowledgeable, professional, and truly cares about their clients.”
Take Control of Your Future
Contact us today to discover how a Revocable Living Trust can empower you and your family.
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 a trust protect assets from creditors?” Or any other related questions that you may have about Trusts or my trust law practice.
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