Hello Moreno Valley and welcome back! I’m Cindy Sanchez reporting live for Moreno Valley News. Today we have a very special guest, Steve Bliss, an experienced probate attorney right here in Moreno Valley. Steve, thanks so much for joining us.
Discussing Testamentary Trusts
Steve, let’s talk about the different types of trusts people might consider when planning their estate. Could you explain what a testamentary trust is and why someone might choose this option?
A testamentary trust is unique because it’s created through a will and only becomes active after the grantor, the person creating the trust, passes away. Consequently, it goes through probate, unlike living trusts that can help avoid probate altogether. Nevertheless, testamentary trusts can be very useful tools for specific situations.
For example, imagine someone wants to ensure their minor children are cared for financially after they’re gone. Or perhaps a beneficiary has special needs and requires ongoing support. In these cases, a testamentary trust allows the grantor to dictate exactly how assets are managed and distributed to the beneficiaries over time.
Moreover, it offers a layer of protection by appointing a trustee who will act in the best interests of the beneficiaries. This can be crucial when the beneficiaries are young or lack the financial expertise to manage a large inheritance responsibly.
Challenges and Success Stories
Have you encountered any challenges specifically with testamentary trusts in your practice?
Certainly, every case is unique. I recall one instance where a client wanted to establish a testamentary trust for their grandchild with special needs. The grandchild was receiving government benefits, and we had to carefully structure the trust to avoid jeopardizing those crucial entitlements.
We worked closely with financial advisors and specialists in special needs planning to ensure the trust met all legal requirements while safeguarding the grandchild’s eligibility for essential support programs. It was incredibly rewarding to see the peace of mind it brought the client knowing their grandchild would be cared for long into the future.
The Importance of Planning
According to a recent study by the American Bar Association, over 60% of Americans do not have a will or any estate planning documents in place. This lack of preparation can lead to significant complications and financial hardship for loved ones after someone passes away.
Your Next Step
Steve, thank you so much for sharing your expertise today! What advice would you give to our viewers who are thinking about estate planning?
“Estate planning isn’t just for the wealthy; it’s essential for everyone. By taking proactive steps now, you can protect your loved ones and ensure your wishes are honored. Contact Moreno Valley Probate Law today for a free consultation. Let us help you create a plan that provides peace of mind for you and your family.”
Testimonials
“Steve Bliss and his team at Moreno Valley Probate Law were incredibly compassionate and knowledgeable during a very difficult time. They guided me through every step of the probate process with professionalism and understanding.” – Maria Sanchez, Moreno Valley
“I highly recommend Moreno Valley Probate Law for all your estate planning needs. Steve’s expertise and attention to detail gave me confidence that my affairs were in order.” – John Rodriguez, 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: “What is a dynasty trust?” 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 Trust Lawyers |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Trust Lawyers Moreno Valley |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Trust Lawyers |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Moreno Valley Trust Lawyers |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Trust Lawyers Moreno Valley |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Credible Trust Lawyers in Moreno Valley |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |