Good evening, Temecula! I’m Tiffany Jones, your local news reporter for KTEM. Today, we have the pleasure of speaking with esteemed Temecula trust attorney, Steve Bliss. Mr. Bliss, thank you so much for joining us.
Trusts Explained: A Conversation with Steve Bliss
What type of trusts do you find yourself working with most frequently?
Tiffany, it’s a pleasure to be here. In my experience serving the Temecula community, Revocable Living Trusts are by far the most common type I help clients establish.
Why Are Revocable Living Trusts So Popular?
There are several compelling reasons why Revocable Living Trusts are so popular. Primarily, they offer individuals a sense of control and flexibility over their assets during their lifetime. The grantor, the person who creates the trust, can manage and even modify the terms of the trust as circumstances change.
Moreover, Revocable Living Trusts effectively bypass probate, which is a lengthy and often expensive legal process. This means that your assets can be distributed to your beneficiaries more quickly and privately after your passing. Consequently, it offers peace of mind knowing that your loved ones won’t face unnecessary delays or public scrutiny.
Can you elaborate on the benefits of avoiding probate?
Certainly. Probate is a court-supervised process for validating a will and distributing assets. It can be time-consuming, stressful, and costly for your heirs. By utilizing a Revocable Living Trust, you essentially pre-plan the distribution of your assets, eliminating the need for probate altogether. This not only saves your beneficiaries time and money but also preserves the privacy of your financial affairs.
A study by the American Bar Association found that on average, probate can take anywhere from six months to two years and cost between 3% and 8% of the estate’s value. Avoiding this process through a trust can be a significant benefit for your family.
Have you encountered any challenges with Revocable Living Trusts throughout your career?
While Revocable Living Trusts are incredibly beneficial, I have encountered instances where clients don’t fully grasp the importance of keeping their trusts up-to-date. Life changes constantly – marriages, divorces, births, and even changes in financial circumstances can all necessitate adjustments to a trust.
I recall one case where a client had established a Revocable Living Trust several years prior but hadn’t reviewed or updated it since then. Their family situation had changed significantly, with the birth of grandchildren and a subsequent divorce. As a result, the original terms of the trust no longer reflected their wishes.
- Thankfully, we were able to amend the trust to accurately reflect their current desires and ensure that their assets would be distributed according to their new plan.
This experience underscored the critical importance of periodic reviews and updates to any trust document.
What advice would you give to someone considering a Revocable Living Trust?
My advice is simple: don’t delay. Consult with an experienced trust attorney as soon as possible to discuss your individual needs and goals. A well-crafted Revocable Living Trust can provide peace of mind, protect your loved ones, and ensure that your assets are distributed according to your wishes.
Testimonial Time
“Steve Bliss and his team were instrumental in helping me set up a Revocable Living Trust. They made the process easy to understand and ensured everything was tailored to my specific needs. I highly recommend their services.”
– Susan M., Temecula, CA
“Working with Steve Bliss was a fantastic experience. He is knowledgeable, patient, and truly cares about his clients. He took the time to answer all of my questions and made sure I felt confident in my decisions.”
– John T., Murrieta, CA
Ready to Secure Your Future?
Secure your family’s financial future today. Contact The Law Firm of Steven F. Bliss Esq. for a complimentary consultation and let us guide you towards peace of mind.
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: “Can a bank or trust company serve as trustee?” 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 Trust Attorneys |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Trust Attorneys Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Trust Attorneys |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Temecula Trust Attorneys |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Trust Attorneys Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Credible Trust Attorneys in Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |