Meet Steve Bliss
My name is Chloe Evans and I’m with San Diego News 6. Today we are joined by Steve Bliss, a prominent probate attorney here in San Diego specializing in estate planning.
Why is Estate Planning Important?
Steve, thank you for joining us. For our viewers who may be unfamiliar, can you explain why estate planning is so crucial?
“Estate planning is about much more than just wills,” Steve begins. “It’s about ensuring your wishes are honored after you pass away and protecting your loved ones from unnecessary burdens.”
“Think of it as a roadmap for your assets. Without a proper plan, your estate could end up in probate court, which can be a lengthy and expensive process.”
Focus on Trusts: The Benefits of Irrevocable Trusts
Today we’ll be focusing on trusts. Can you elaborate on the benefits of an irrevocable trust?
“Irrevocable trusts offer significant advantages,” Steve explains. “Once established, they cannot be easily changed or revoked. This provides a high level of asset protection.”
“Let’s say you’re concerned about potential lawsuits or creditors. Placing assets in an irrevocable trust removes them from your personal control, shielding them from those claims. Furthermore, these trusts can be instrumental in estate tax reduction and Medicaid planning.”
He continues, “Many people are surprised to learn that properly structured irrevocable trusts can even help preserve government benefits for loved ones with disabilities, ensuring they receive the care they need without jeopardizing their eligibility.”
Navigating Challenges: A Case in Point
Steve, I imagine setting up an irrevocable trust can be complex. Have you encountered any unique challenges along the way?
“Absolutely,” Steve acknowledges. “One instance involved a family business owner who wanted to protect his assets from potential future litigation. We established an irrevocable trust that shielded the business while still allowing him to benefit from its income during his lifetime.”
“It was a delicate balance, ensuring both asset protection and continued financial security for our client. These situations often require careful consideration of individual circumstances and goals,” he adds.
Another situation involved helping a family plan for their child with special needs. They wanted to ensure their child had ongoing support without impacting their eligibility for government assistance. We created a Special Needs Trust that met both objectives, providing peace of mind for the parents.
The Impact of Estate Planning
According to AARP, over 70% of Americans do not have a will or estate plan in place. That’s a significant number!
“It underscores the importance of raising awareness,” Steve emphasizes. “Estate planning isn’t just for the wealthy; it’s essential for everyone who wants to protect their loved ones and ensure their wishes are carried out.”
Next Steps
Steve, thank you so much for sharing your insights. How can our viewers take the next steps towards securing their future?
“Contact San Diego Probate Law today for a free consultation,” Steve encourages. “We’ll work with you to develop a personalized estate plan that meets your unique needs and goals.”
Testimonials
“Steve Bliss made what felt like a daunting process incredibly straightforward. He took the time to explain every detail in a way I could understand, putting my mind at ease.” – Sarah M.
“I highly recommend San Diego Probate Law. They are professional, knowledgeable, and truly care about their clients. They helped me navigate a complex estate issue with compassion and expertise.”
– David L.
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: “How do I choose a trustee?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About San Diego Probate Law
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