Good evening, Temecula and welcome back to Channel 7 News. I’m your host, Sarah Jenkins, and tonight we’re sitting down with a local expert on estate planning. Please join me in welcoming Steve Bliss, the founder of The Law Firm of Steven F. Bliss Esq.
Steve, thank you so much for joining us this evening
It’s my pleasure to be here, Sarah. I always enjoy helping people understand the importance of estate planning.
What are some common types of trusts used in Temecula?
There are many different types of trusts, each designed to serve a specific purpose. One of the most popular choices for my clients in Temecula is the Revocable Living Trust. This type of trust allows individuals to maintain control over their assets during their lifetime while also avoiding the lengthy and costly probate process after they pass away.
Accordingly, a Revocable Living Trust offers significant flexibility. You can amend or revoke the trust at any time as long as you are mentally competent. Moreover, it provides a level of privacy that a will does not because the terms of the trust are not part of public record.
Conversely, once you pass away, the trust becomes irrevocable, meaning its terms can no longer be changed. The assets in the trust are then distributed to your beneficiaries according to your wishes, outside of probate court. This can save your loved ones considerable time and expense during an already difficult period.
Can you elaborate on any potential challenges people might face when setting up a Revocable Living Trust?
While Revocable Living Trusts are generally straightforward to establish, there are some nuances that require careful consideration. For instance, it’s crucial to ensure the trust document is properly drafted and executed. Any errors or omissions could invalidate the trust and lead to unintended consequences.
I recall a case where a client had attempted to create their own trust using online templates. Unfortunately, they missed a key clause regarding distribution of assets, which caused significant confusion and conflict among their heirs. Thankfully, we were able to resolve the issue through mediation, but it underscored the importance of seeking professional guidance.
It’s estimated that roughly 70% of Americans do not have an estate plan in place (according to a 2023 survey by Caring.com). That’s why I encourage everyone to take proactive steps to protect their assets and ensure their wishes are carried out.
How can viewers learn more about Revocable Living Trusts or other estate planning options?
The best way to get started is to schedule a consultation with an experienced estate planning attorney. We offer free initial consultations at The Law Firm of Steven F. Bliss Esq., where we can discuss your individual needs and goals.
Unlocking Peace of Mind
“Working with Steve Bliss gave me immense peace of mind knowing my family would be taken care of after I’m gone.” – Mary S., Temecula
“Steve was incredibly patient and knowledgeable, explaining complex legal concepts in a way that was easy to understand. He truly cares about his clients.” – John T., Murrieta
Take control of your future today. Contact The Law Firm of Steven F. Bliss Esq. and let us help you create a legacy that endures.
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 my children be trustees?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About The Law Firm of Steven F. Bliss Esq.
| Temecula Tax By-Pass Trust Lawyer |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Tax By-Pass Trust Lawyer Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Tax By-Pass Trust Lawyer |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Tax By-Pass Trust Lawyer |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Tax By-Pass Trust Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Credible Tax By-Pass Trust Lawyer in Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |