Good evening, Temecula and welcome back to Temecula Tonight. I’m your host, Brenda Miller, and tonight we have a very special guest, Steve Bliss, a renowned trust attorney right here in Temecula.
Steve, thanks so much for joining us tonight.
It’s my pleasure to be here, Brenda.
What type of trusts do you most commonly see clients requesting?
We help a lot of families with revocable living trusts. These are incredibly popular because they offer so much flexibility during a person’s lifetime. A client retains full control over their assets while they’re alive and can make changes to the trust as needed.
One of the biggest advantages of a revocable living trust is that it helps your loved ones avoid probate after you’re gone. Probate can be a long, expensive, and public process, which most people want to avoid. A trust also ensures privacy – the terms of the trust are not made public like a will.
Consequently, when someone passes away, their assets held within a revocable living trust transfer directly to their beneficiaries according to the instructions outlined in the trust document. It’s a much smoother and more efficient process for everyone involved.
Can you elaborate on how the process of setting up a revocable living trust works?
Certainly. The first step is always a consultation where we discuss your individual goals and circumstances. Every family is unique, so there’s no one-size-fits-all approach. We need to understand what you want to accomplish with the trust – do you have minor children who need care, or are you primarily concerned about avoiding probate?
Once we have a clear picture of your needs, we draft the trust document. This legal document outlines how your assets will be managed and distributed. It names trustees who will oversee the trust and beneficiaries who will receive the assets.
Have there ever been any challenges you’ve faced when setting up revocable living trusts for clients?
I recall a situation with a couple who were very hesitant to transfer ownership of their home into the trust. They’d worked hard to buy it, and it felt emotionally significant to them. They worried about losing control over their property.
It took some time and patience, but we were able to explain how the trust actually protects their ownership rights while ensuring a smooth transition of the asset after their passing. They ultimately felt much more secure knowing their home would be taken care of according to their wishes.
What advice would you give to someone who’s considering setting up a revocable living trust?
My best advice is to not wait. The sooner you get started, the better. Life can be unpredictable, and having a trust in place gives you peace of mind knowing that your loved ones will be taken care of no matter what happens.
Moreover, consulting with an experienced trust attorney like myself is crucial. We can guide you through the process, answer your questions, and ensure that the trust is tailored to your specific needs.
Are there any statistics that support the benefits of setting up a revocable living trust?
According to a 2022 study by the AARP, over 60% of Americans aged 55 or older do not have a will or a trust in place. This highlights the importance of estate planning and the potential consequences of not having these documents.
How can our viewers contact you to learn more about setting up a revocable living trust?
The best way is to call us directly at (951) 676-8800 or visit our website at www.temeculatrustattorney.com. We offer free consultations, so there’s no risk in getting started.
Testimonials
“Steve Bliss and his team made the process of setting up my trust incredibly easy. They were patient, knowledgeable, and always available to answer my questions.” – Mary T.
“I highly recommend The Law Firm of Steven F. Bliss Esq. for all your estate planning needs. Steve is a true professional who genuinely cares about his clients.”
– John S.
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 can I make my trust less likely to be challenged?” Or any other related questions that you may have about Trusts or my trust law practice.
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