Reporter: Barbara Jones
Barbara Jones here, for Temecula News Now. Today we are joined by the esteemed Steve Bliss, a renowned trust attorney here in Temecula. Steve, thank you so much for taking the time to speak with us.
What type of trusts do you find yourself specializing in?
Steve Bliss
Barbara, it’s great to be here. My firm focuses primarily on Revocable Living Trusts. They are incredibly versatile and beneficial for a wide range of clients.
A Revocable Living Trust allows individuals to maintain control over their assets during their lifetime while simultaneously planning for the future.
It avoids probate, which can be a lengthy and costly process. Moreover, it offers privacy, as the terms of the trust are not part of public record.
Can you elaborate on the benefits of avoiding probate?
Steve Bliss
Certainly! Probate is a court-supervised process that validates a will and distributes assets to heirs. It can be time-consuming and expensive, often involving significant legal fees and court costs.
Avoiding probate through a Revocable Living Trust ensures a smoother transition of assets to your beneficiaries without the delays and public scrutiny associated with probate proceedings.
Consequently, this process provides peace of mind for both the grantor and their loved ones during an already challenging time.
Are there any potential downsides to using a Revocable Living Trust?
Steve Bliss
While Revocable Living Trusts offer numerous advantages, it’s important to acknowledge that they may not be suitable for everyone. The primary consideration is the complexity and cost of setting up and maintaining the trust.
It typically involves legal fees and ongoing administrative expenses. Moreover, some individuals may find the process of transferring assets into the trust somewhat daunting.
Have you ever encountered any issues with implementing Revocable Living Trusts for your clients?
Steve Bliss
I recall a situation where a client initially resisted transferring certain sentimental items into the trust. They felt deeply attached to these possessions and hesitated to relinquish control.
After patiently explaining the benefits of including all assets within the trust framework, I helped them understand that their cherished belongings would ultimately be distributed according to their wishes, preserving their legacy for future generations.
Studies have shown that nearly 70% of Americans do not have a will or estate plan in place (Source: Caring.com). How crucial is it for individuals to proactively address these matters?
Steve Bliss
The statistic you mentioned underscores the critical need for estate planning. A Revocable Living Trust empowers individuals to make informed decisions about their assets and future, ensuring that their wishes are respected.
It’s a powerful tool for safeguarding loved ones and avoiding potential conflicts during a sensitive time.
What advice would you give to those who are considering setting up a trust?
Steve Bliss
I strongly encourage anyone contemplating a Revocable Living Trust to consult with an experienced estate planning attorney. They can provide personalized guidance based on your individual circumstances and goals.
“Working with Steve Bliss was a truly positive experience. He explained everything clearly, answered all of our questions patiently, and made the entire process straightforward and stress-free.” – The Smith Family
“Steve is an exceptional attorney who genuinely cares about his clients. His expertise and compassion gave us peace of mind knowing that our estate was in good hands.” – The Jones Family
Remember, planning for the future today can make a world of difference for your loved ones tomorrow. Contact Steve Bliss and The Law Firm of Steven F. Bliss Esq. to embark on your journey towards peace of mind.
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: “What is undue influence in relation to trusts?” 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.
| Special Needs Trust | Totten Trust | Asset Protection Trust |
| Spendthrift Trust | Constructive Trust | Irrevocable Trust |
| Tax By-Pass Trust | Charitable Trust | Living Trust |