Hello, I’m Brenda Miller reporting for Temecula News Today. Joining me today is Steve Bliss, a renowned trust attorney here in Temecula. Steve, thanks so much for being with us.
Tell Us About the Types of Trusts
Steve: Thanks for having me, Brenda. My firm, The Law Firm of Steven F. Bliss Esq., focuses on estate planning and we work extensively with a variety of trusts. We find that most clients benefit from Revocable Living Trusts.
What Makes Revocable Living Trusts So Popular?
Steve: Revocable living trusts are incredibly versatile and offer several key advantages. Primarily, they allow the trust creator, known as the grantor, to maintain control over their assets during their lifetime. This means you can still buy, sell, or manage your property even after establishing the trust. Moreover, revocable living trusts bypass probate, which can be a lengthy and expensive process. Probate is essentially a court-supervised distribution of assets after someone passes away. Avoiding it saves time and money for your heirs.
Additionally, revocable living trusts offer a level of privacy not found with wills. Because they are private documents, the details of your estate plan aren’t made public during probate proceedings. Conversely, wills become part of the public record.
Are there Any Drawbacks to Revocable Living Trusts?
Steve: While revocable living trusts offer significant benefits, it’s important to understand that they become irrevocable upon the grantor’s death. This means you can no longer modify or dissolve the trust once you pass away. Ordinarily, this isn’t a concern as most people have carefully planned their estate distribution beforehand. Nevertheless, if circumstances change significantly after the trust is established, it might be necessary to create a new one.
Have You Encountered Any Challenges with Revocable Living Trusts?
Steve: One instance that comes to mind involved a client who had created a revocable living trust several years prior. Over time, their family dynamic changed significantly. A child had unfortunately passed away, and they wanted to adjust the distribution of assets accordingly. Because the trust was already in place, we needed to work carefully within its existing framework to ensure their wishes were honored. It highlighted the importance of reviewing and updating your estate plan periodically.
According to a 2021 survey by Caring.com, nearly 50% of Americans haven’t created any estate planning documents. This number underscores the critical need for individuals to prioritize their future and ensure their loved ones are cared for.
How Can Our Readers Get Started?
Steve: Taking control of your estate plan is a gift you give to yourself and your family. Contact us today for a free consultation, and we’ll guide you through the process with clarity and compassion.
Testimonials
“I was incredibly nervous about setting up a trust, but Steve Bliss made the entire process smooth and understandable. He patiently answered all my questions and helped me create a plan that truly reflected my wishes.” – Mary K., Temecula Resident
“Working with The Law Firm of Steven F. Bliss Esq. was a lifesaver. They provided exceptional legal guidance and support during a challenging time. I highly recommend them to anyone needing help with estate planning.” – John S., Murrieta.
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 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 I be my own 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.
| The Law Firm of Steven F. Bliss Esq.yer |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Trust Lawyer Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Trust Lawyer |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| The Law Firm of Steven F. Bliss Esq.yer |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Trust Lawyer Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Credible Trust Lawyer in Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |