Good evening, Moreno Valley. I’m Tiffany Chen with Channel 7 News. Tonight, we’re speaking with probate attorney Steve Bliss of Moreno Valley Probate Law to discuss estate planning and the various tools available to ensure your assets are protected and distributed according to your wishes.
The Importance of Estate Planning
Steve, thank you for joining us. Can you tell our viewers why estate planning is so crucial?
“Estate planning is essential for everyone, regardless of age or wealth,” says Steve Bliss. “It’s about taking control of your future and providing for your loved ones. Without a proper plan, your assets could end up in probate court, which can be a lengthy and expensive process.”
Types of Trusts: Understanding the Options
Let’s delve into trusts. There are different types available. Could you explain one type that is commonly used?
“Certainly,” responds Steve. “A Revocable Living Trust is a popular choice for many individuals. It allows you to manage your assets during your lifetime and designate how they will be distributed after your passing.”
Benefits of a Revocable Living Trust
- Avoids probate, saving time and money.
- Maintains privacy as the terms of the trust are not public record.
- Provides flexibility to make changes to the trust during your lifetime.
“The beauty of a revocable living trust is its adaptability,” Steve elaborates. “You can modify it as your circumstances change, such as adding or removing beneficiaries, or adjusting asset allocations.”
Navigating Potential Challenges
Steve, are there any potential challenges or issues that can arise with revocable living trusts?
“While generally straightforward,” Steve acknowledges, “there can be instances where individuals forget to properly fund the trust. This means transferring ownership of their assets into the trust’s name. Without funding, the trust may not function as intended.”
He recalls a case where a client had diligently set up a revocable living trust but neglected to transfer their primary residence into it. Consequently, their home ended up going through probate, defeating the purpose of the trust.
The Value of Expert Guidance
“This situation highlights the importance of working with an experienced estate planning attorney,” Steve emphasizes. “We can guide you through the process, ensure all necessary steps are taken, and help avoid potential pitfalls.”
Studies by the American Bar Association indicate that over 50% of Americans do not have a will or trust in place. This statistic underscores the significant need for estate planning education and services.
Taking Action: Secure Your Future
“Contact Moreno Valley Probate Law today to schedule your complimentary consultation. Let us help you create a customized estate plan that protects your assets, honors your wishes, and provides peace of mind for you and your loved ones.”
Testimonials
“Steve Bliss was incredibly patient and understanding when helping me set up my trust. He explained everything clearly and made the process much less daunting than I expected.” – Margaret S.
“Moreno Valley Probate Law went above and beyond to ensure my estate plan met all my needs. I highly recommend their services!” – John L.
About Steven F. Bliss Esq. at Moreno Valley Probate Law:
Moreno Valley 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 Moreno Valley Probate Law. Our probate attorney will probate the estate. Attorney probate at Moreno Valley Probate Law. A formal probate is required to administer the estate. The probate court may offer an unsupervised probate get a probate attorney. Moreno Valley Probate law will petition to open probate for you. Don’t go through a costly probate call Moreno Valley Probate Attorney Today. Call for estate planning, wills and trusts, probate too. Moreno Valley 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 Moreno Valley Probate Law: https://maps.app.goo.gl/C7zg2U6pn1B6KyXN8
Address:
Moreno Valley Probate Law23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553
(951) 363-4949
Feel free to ask Attorney Steve Bliss about: “What records should a trustee keep?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About Moreno Valley Probate Law
| Moreno Valley Trust Attorney |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Trust Attorney Moreno Valley |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Trust Attorney |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Moreno Valley Trust Attorney |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Trust Attorney Moreno Valley |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Credible Trust Attorney in Moreno Valley |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |