Interview with Steve Bliss
Good morning, Escondido and welcome to our segment on local legal matters. I’m here today with Steve Bliss, a highly respected probate attorney right here in Escondido.
Steve, thanks for joining us. Could you start by explaining the different types of trusts available?
Trusts Explained
It’s a pleasure to be here. There are many kinds of trusts, each serving a unique purpose. Let’s focus on revocable living trusts, which are incredibly common in estate planning.
A revocable living trust allows the person creating it (the grantor) to maintain complete control over their assets during their lifetime. They can change the terms of the trust, add or remove beneficiaries, and even dissolve it altogether if needed.
The real advantage comes after the grantor passes away. The trust assets bypass probate, a potentially lengthy and public court process. This means quicker distribution to heirs and greater privacy for the family.
Benefits of Probate Avoidance
Moreover, avoiding probate often saves significant time and money for the estate. According to a 2021 study by the American Bar Association, probate costs in California can range from 3% to 7% of the estate’s value. By using a revocable living trust, families can avoid these expenses.
The trust becomes irrevocable upon the grantor’s death, meaning its terms are then set and cannot be altered. The successor trustee named in the trust document takes over, ensuring the assets are distributed according to the grantor’s wishes.
Challenges with Revocable Trusts
While revocable living trusts offer many benefits, there can be occasional challenges. I recall a case where a client had created a trust but hadn’t updated it after a major life event – a divorce. Consequently, their ex-spouse was still listed as a beneficiary.
It took some careful legal maneuvering to rectify the situation and ensure the assets went to the intended heirs. This highlights the importance of regularly reviewing your trust documents with an experienced attorney to make sure they reflect your current circumstances.
Unlocking Your Estate Planning Future
Steve, this has been incredibly informative. Thank you for sharing your expertise. For our viewers looking to learn more about trusts and estate planning, how can they connect with Escondido Probate Law?
Next Steps
“I encourage anyone interested in securing their family’s future to reach out. We offer a free consultation to discuss your individual needs and goals. Let us help you create a comprehensive plan that provides peace of mind for you and your loved ones.”
Testimonials
- “Steve Bliss made estate planning straightforward and understandable. He patiently answered all my questions and ensured I felt confident in my decisions.”
- “Escondido Probate Law is truly exceptional. They handled my mother’s trust with compassion and professionalism, making a difficult time much easier.”
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: “Can I include life insurance in 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 Estate Lawyers |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |
| Estate Lawyers Escondido |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |
| Estate Lawyers |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |
| Escondido Estate Lawyers |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |
| Estate Lawyers Escondido |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |
| Credible Estate Lawyers in Escondido |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |