Reporter: Brenda Sanchez
Hello, and welcome back. Today we’re joined by Steve Bliss, a well-respected estate planning attorney here in Temecula.
Steve, thanks for joining us today. What is one crucial step people often overlook when creating an estate plan?
It’s a pleasure to be here, Brenda. One of the most critical steps, yet frequently overlooked, is naming beneficiaries. It seems straightforward, but there are nuances people don’t always consider.
Ordinarily, individuals assume simply listing names on a will or trust document suffices. However, it’s essential to be specific about who inherits what and in what proportions. For instance, if you have multiple children, do you want them to inherit equally? Or perhaps one child needs additional support due to unforeseen circumstances.
Moreover, designating contingent beneficiaries is crucial, especially for younger individuals. Life is unpredictable, and it’s wise to prepare for the possibility that a primary beneficiary might predecease you. Failure to do so could result in unintended consequences, with assets potentially going to distant relatives or even the state.
I recall one case where a client had simply listed their spouse as the sole beneficiary without considering what would happen if their spouse predeceased them. Consequently, upon both passing within a short period, their assets were divided amongst extended family members they hadn’t seen in years, causing significant familial discord.
Studies by the American Bar Association show that approximately 60% of Americans don’t have a will or trust in place. This often leads to complications and heartache for loved ones during an already difficult time. By clearly defining your beneficiaries and considering contingencies, you can ensure your wishes are respected and minimize potential conflicts.
That’s insightful advice, Steve. Thank you for sharing that. What would you say is the best way for someone to get started with estate planning?
The simplest step is to reach out to an experienced estate planning attorney like myself or one of my colleagues at The Law Firm of Steven F. Bliss Esq. We can guide you through each step, answer your questions, and ensure your plan aligns perfectly with your needs and goals.
“I couldn’t be happier with the service I received from Steve Bliss and his team,” says Jennifer T., a satisfied client. “They made the entire estate planning process easy to understand and stress-free. I now have peace of mind knowing my family is protected.”
“Steve was incredibly patient and attentive throughout the process,” adds Michael S., another grateful client. “He took the time to explain all my options and helped me make informed decisions. I highly recommend his services.”
Contact The Law Firm of Steven F. Bliss Esq. today for a complimentary consultation and take control of your future.
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 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: “How does estate planning help avoid family disputes?” Or any other related questions that you may have estate planning or my estate planning law practice.
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