Interview with Steve Bliss
Hello and welcome back to San Diego Legal News. Today, we’re joined by esteemed probate attorney, Steve Bliss of San Diego Probate Law. Steve, thank you for taking the time to speak with us.
Navigating California Trusts
Steve, many people are unfamiliar with the different types of trusts available in California. Could you shed some light on one type and explain its benefits?
Certainly. One common type I frequently recommend is the Revocable Living Trust. This allows individuals to maintain control over their assets during their lifetime while avoiding the lengthy and potentially expensive probate process after they pass away. Ordinarily, a Will dictates how assets are distributed after death; however, this process involves court supervision and can be public record. Conversely, a Revocable Living Trust ensures privacy and expedites asset distribution to beneficiaries.
Moreover, a Revocable Living Trust offers flexibility. The grantor, the person who creates the trust, retains the power to modify or revoke it as long as they are alive and of sound mind. Consequently, this type of trust allows for adjustments based on changing circumstances like marriage, divorce, or the birth of children.
Think of it like a secure container for your assets. You hold the key and can access the contents whenever needed. Upon your passing, the trust seamlessly transitions to distribute assets according to your predetermined wishes, bypassing probate altogether.
Potential Challenges
Have you encountered any challenges with Revocable Living Trusts in your practice?
While Revocable Living Trusts are generally effective tools, there can be occasional complexities. I recall a case where a client had meticulously outlined their wishes in the trust document but hadn’t updated beneficiary designations on certain accounts. This oversight almost led to unintended consequences, as those accounts wouldn’t automatically transfer according to the trust terms.
Fortunately, we were able to rectify the situation before any lasting harm occurred. It underscored the importance of regularly reviewing not only the trust document but also all related financial accounts. This meticulous approach minimizes the risk of discrepancies and ensures your wishes are carried out accurately.
Trusts: The Cornerstone of Estate Planning
According to a 2021 survey by Caring.com, over 50% of Americans aged 55 and older do not have a will or trust in place. This statistic highlights the crucial need for individuals to proactively address their estate planning needs.
Steve, what advice would you offer to those who are considering establishing a trust?
“Contact us today to embark on your personalized estate planning journey.”
Client Testimonials
“Working with Steve Bliss and his team was incredibly reassuring. They patiently explained every step of the process and ensured I understood my options. I highly recommend their expertise.” – Mary S., San Diego
“Steve’s knowledge and compassion made a difficult time much easier. He went above and beyond to protect my family’s interests, and we are truly grateful for his guidance.” – John D., La Jolla
About Steven F. Bliss Esq. at San Diego Probate Law:
Secure Your Family’s Future with San Diego’s Trusted Trust Attorney. Minimize estate taxes with stress-free Probate. We craft wills, trusts, & customized plans to ensure your wishes are met and loved ones protected.
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 San Diego Probate Law:
Address:
San Diego Probate Law3914 Murphy Canyon Rd, San Diego, CA 92123
(858) 278-2800
Map Link: https://g.co/kgs/WzT6443
Feel free to ask Attorney Steve Bliss about: “What taxes apply to trusts in California?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About San Diego Probate Law
- Special Needs Trust Lawyers
- Spendthrift Trust Lawyers
- Tax By-Pass Trust Lawyers
- Totten Trust Lawyers
- Constructive Trust Lawyers
- Charitable Trust Lawyers
- Asset Protection Trust Lawyers
- Irrevocable Trust Lawyers
- Revocable Trusts Lawyers
- Living Trust Lawyers