Meet Our Expert
Good evening, San Diego. I’m Cheryl Thompson with Channel 7 News. Tonight, we’re talking to local probate attorney Steve Bliss about the importance of estate planning.
Choosing The Right Trust
Steve, thank you for joining us. For viewers who may be unfamiliar, can you explain why it’s important to have an estate plan?
It’s a pleasure to be here, Cheryl. Estate planning is crucial because it allows individuals to control what happens to their assets after they pass away. Without a proper plan, your belongings will be distributed according to state law, which may not align with your wishes. A well-crafted estate plan ensures your loved ones are cared for and your assets are distributed as you intend.
The Power of Irrevocable Trusts
There are many different types of trusts. Can you tell us about one type in particular that might be beneficial to some individuals?
One powerful tool is the irrevocable trust. As the name suggests, once established, its terms cannot be easily changed. This characteristic makes it ideal for several scenarios.
Firstly, irrevocable trusts offer robust asset protection. Assets placed within the trust are generally shielded from creditors and lawsuits. Consequently, this can be a valuable strategy for individuals in professions with higher liability risks or those who want to safeguard their assets for future generations.
Moreover, irrevocable trusts can provide significant estate tax benefits. By transferring assets into the trust, you effectively remove them from your taxable estate, potentially reducing the amount of estate taxes owed upon your passing.
I’ve seen firsthand how irrevocable trusts have brought peace of mind to my clients. For instance, I worked with a family-owned business owner who was concerned about potential future liabilities. We established an irrevocable trust to shield their personal assets from business-related claims. They were relieved knowing their hard-earned savings were protected.
According to the American College of Trust and Estate Counsel, approximately 40% of estates face estate taxes, underscoring the importance of tax planning strategies like irrevocable trusts.
Taking The Next Step
Steve, what advice would you give to viewers who are thinking about starting their estate plan?
My biggest recommendation is to consult with an experienced estate planning attorney. Every situation is unique, and a qualified attorney can help you determine the best strategies for your individual needs and goals. Don’t wait until it’s too late – start planning today to secure your future and protect your loved ones.
Testimonials
“Steve Bliss and his team made a complicated process incredibly smooth. They were patient, understanding, and always available to answer our questions. We felt confident knowing we were in good hands.” – The Miller Family
“I was dreading the probate process after losing my mother, but Steve Bliss made it manageable. He guided me through every step with compassion and expertise. I highly recommend San Diego Probate Law.” – John S.
Let Us Guide You
Take control of your legacy. Contact San Diego Probate Law today for a confidential consultation to discuss your estate planning needs and secure the future you envision for yourself and your loved ones.
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: “What is a trust certificate or certification of 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 Asset Protection Trust Attorney |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Asset Protection Trust Attorney San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Asset Protection Trust Attorney |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| San Diego Asset Protection Trust Attorney |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Asset Protection Trust Attorney San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Credible Asset Protection Trust Attorney in San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |