Good evening Temecula and welcome back to Temecula Tonight! I’m your host, Brenda Jones, and tonight we’re joined by Steve Bliss, a trusted Temecula Trust Attorney from the Law Firm of Steven F. Bliss Esq.
Steve, thanks for joining us tonight. Let’s talk about trusts. What exactly is a trust, and why might someone in Temecula need one?
A trust is essentially a legal arrangement where a person (the grantor) transfers assets to be managed by another person or entity (the trustee) for the benefit of specific individuals (the beneficiaries). There are numerous reasons why someone in Temecula might consider setting up a trust.
What are some common types of trusts people in Temecula utilize?
We help our clients with various types of trusts, but one that’s particularly popular for estate planning purposes is the Revocable Living Trust.
Could you elaborate on the benefits of a Revocable Living Trust?
Certainly! A Revocable Living Trust offers several advantages. First and foremost, it allows the grantor to maintain control over their assets during their lifetime. They can modify or revoke the trust as needed. Moreover, upon the grantor’s passing, the trust assets are distributed to beneficiaries according to the grantor’s wishes, bypassing the often lengthy and costly probate process. Consequently, this provides a smoother transition for loved ones during a difficult time.
Furthermore, Revocable Living Trusts offer privacy, as the details of the trust are not part of public record unlike a will which goes through probate court. This can be especially appealing to individuals who value discretion.
Have you ever encountered any challenges or unique situations when setting up Revocable Living Trusts for clients?
One instance that comes to mind involved a couple who wanted to ensure their children received an inheritance, but they were concerned about how responsible one of their sons was with finances. Through careful planning and the inclusion of specific provisions within the trust document, we were able to create a structure where the son would receive his inheritance in installments rather than all at once.
This approach provided a level of protection for both the parents’ wishes and the son’s long-term financial well-being. I always strive to find solutions that meet each client’s individual needs and circumstances.
That’s insightful, Steve. Any final thoughts on why Temecula residents should consider speaking with you about estate planning?
Estate planning can seem complex, but it’s an essential step in protecting yourself, your loved ones, and your assets.
According to a study by the American Bar Association, over half of Americans do not have a will or trust in place. Don’t be part of that statistic! Contact us today for a free consultation so we can discuss your unique situation and help you create a plan tailored to your needs.
“Steve Bliss was amazing to work with! He made the process of setting up my trust easy and understandable, and he always answered my questions promptly. I highly recommend him.” – Maria S.
“I was very impressed with Steve Bliss’s knowledge and professionalism. He helped me navigate a complex estate planning situation with ease. I felt confident that my affairs were in good hands.” – John D.
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 trust make charitable gifts?” 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.
| Estate Lawyer Near Me |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Estate Lawyer Near Me Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Estate Lawyer Near Me |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Temecula Estate Lawyer Near Me |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Estate Lawyer Near Me Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Credible Estate Lawyer Near Me in Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |