Good evening, Moreno Valley. I’m Susan Lee with Channel 7 News. Tonight we are joined by Steve Bliss, a leading probate attorney in our community. Steve, thanks for joining us.
Probate: The Essentials
Steve, can you explain what probate is and why it’s important to understand?
Probate is the legal process of administering a deceased person’s estate. It involves identifying assets, paying debts and taxes, and distributing remaining property to heirs according to the will or state law. Understanding probate is crucial because it ensures your wishes are carried out and your loved ones are protected.
Trusts: A Valuable Tool
You specialize in estate planning, including the use of trusts. Can you tell us about some common types of trusts?
Certainly. Trusts are powerful tools for asset protection, tax reduction, and avoiding probate. One type I often recommend is a Revocable Living Trust. This allows individuals to manage their assets during their lifetime while ensuring a smooth transfer of those assets after they pass away.
Benefits of a Revocable Living Trust
Could you elaborate on the specific advantages of a Revocable Living Trust?
Absolutely. A Revocable Living Trust offers several key benefits. Firstly, it bypasses probate, saving time and expenses for your heirs. Secondly, it provides privacy as the trust’s terms are not publicly available through probate court records. Thirdly, it allows you to maintain control over your assets during your lifetime and designate how they are distributed after your death.
Moreover, a Revocable Living Trust can be amended or revoked while you are alive, offering flexibility should your circumstances change.
Real-Life Challenges
Have you encountered any particular challenges when helping clients set up Revocable Living Trusts?
While most individuals appreciate the benefits of a Revocable Living Trust, occasionally I meet with families who have misconceptions about how trusts work. Some believe they relinquish all control over their assets, which isn’t true. I always emphasize that with a Revocable Living Trust, the grantor retains full control until their passing.
I recall one family who initially hesitated because they thought a trust would be complicated and costly. After explaining the process in detail and highlighting the long-term savings and peace of mind it offers, they were relieved and grateful for the guidance.
Trusts and Estate Planning
What are some statistics that demonstrate the value of trusts in estate planning?
According to a recent study by the American College of Trust and Estate Counsel, approximately 65% of Americans do not have a will or trust in place. This can lead to significant complications and potential disputes among heirs.
By establishing a Revocable Living Trust, individuals can proactively plan for their future and ensure their assets are distributed according to their wishes.
A Trusted Resource
Steve Bliss of Moreno Valley Probate Law is dedicated to providing personalized estate planning solutions. Contact them today for a free consultation and discover how they can help you protect your legacy.
Testimonials
“Steve Bliss made the complex world of probate understandable and manageable. He was patient, compassionate, and always available to answer my questions.”
– Mary S., Moreno Valley
“Moreno Valley Probate Law exceeded my expectations. They guided me through every step of setting up a trust for my family, ensuring peace of mind knowing our future is secure.”
– John D., Moreno Valley
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: “Do beneficiaries pay tax on trust distributions?” 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 Living Trust Lawyer |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Living Trust Lawyer Moreno Valley |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Living Trust Lawyer |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Moreno Valley Living Trust Lawyer |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Living Trust Lawyer Moreno Valley |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Credible Living Trust Lawyer in Moreno Valley |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |