Choosing the Right Trust for Your Needs
Welcome back to Escondido News Today. I’m here with local probate attorney Steve Bliss of Escondido Probate Law. Steve, thanks so much for joining us.
Steve: It’s a pleasure to be here.
Today we’re going to talk about estate planning and the different types of trusts available. For those unfamiliar, can you explain what a trust is and why someone might want one?
Steve: A trust is essentially a legal entity that holds assets for the benefit of designated beneficiaries.
There are many reasons why someone might choose to create a trust as part of their estate plan. One common reason is to avoid probate, which can be a lengthy and expensive process. Trusts also offer privacy, as they are not subject to public scrutiny like wills. Moreover, trusts can provide for the management of assets for beneficiaries who may not be able to manage them themselves, such as minor children or individuals with special needs.
Steve: I often recommend Revocable Living Trusts to my clients because they offer a great deal of flexibility.
With a revocable living trust, you can maintain control over your assets during your lifetime and make changes to the trust as needed. The trust becomes irrevocable upon your death, at which point the assets are distributed to your beneficiaries according to your wishes.
Let’s delve into this type of trust further. What are some key advantages of a revocable living trust?
Steve: One of the biggest advantages is probate avoidance.
When you have a will, it must go through probate court after your death. This process can take months or even years and can be quite costly. With a revocable living trust, your assets bypass probate altogether.
Another advantage is privacy. Probate records are public, but the terms of a trust are confidential. Consequently, this allows you to keep your financial affairs private. Finally, revocable living trusts offer flexibility. You can change the terms of the trust at any time as long as you are alive and competent.
Steve: I’ve seen firsthand how probate can be a stressful and time-consuming process for families.
A client once came to me after her mother passed away. Her mother had only a will, and the probate process dragged on for over a year. It was emotionally draining for my client and her family, and they ended up incurring significant legal fees.
- It’s estimated that 70% of Americans do not have an estate plan in place.
- According to the American Bar Association, a properly drafted revocable living trust can save families thousands of dollars in probate costs and potentially months or years of legal delays.
Steve: I’m always passionate about helping my clients protect their assets and ensure that their wishes are carried out.
Estate planning is not just for the wealthy; it’s essential for everyone who wants to provide for their loved ones and have peace of mind.
“Escondido Probate Law helped me navigate a complex situation with ease and compassion.” – Maria S. “Steve Bliss is a true expert in his field. I highly recommend him for all your estate planning needs.” – John P
Ready to take control of your future? Contact Escondido Probate Law today and let us help you create a comprehensive estate plan tailored to your unique needs.
About Steven F. Bliss Esq. at Escondido Probate Law:
Escondido Probate Law is an experienced probate attorney. The probate process has many steps in in probate proceedings. Beside Probate, estate planning and trust administration is offered at Escondido Probate Law. Our probate attorney will probate the estate. Attorney probate at Escondido Probate Law. A formal probate is required to administer the estate. The probate court may offer an unsupervised probate get a probate attorney. Escondido Probate law will petition to open probate for you. Don’t go through a costly probate call Escondido Probate Attorney Today. Call for estate planning, wills and trusts, probate too. Escondido Probate Law is a great estate lawyer. Affordable Legal Services.
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 Escondido Probate Law: https://maps.app.goo.gl/77Dm2B8W9XkM5YvJA
Address:
Escondido Probate Law720 N Broadway #107, Escondido, CA 92025
(760) 884-4044
Feel free to ask Attorney Steve Bliss about: “What assets should not go into a trust?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About Escondido Probate Law
| Escondido Revocable Trust Lawyer |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |
| Revocable Trust Lawyer Escondido |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |
| Revocable Trust Lawyer |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |
| Escondido Revocable Trust Lawyer |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |
| Asset Protection Trust Lawyer Escondido |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |
| Credible Revocable Trust Lawyer in Escondido |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |