Today, we’re speaking with Steve Bliss, a renowned probate attorney serving the Moreno Valley community. Mr. Bliss specializes in estate planning and has helped countless individuals secure their futures and protect their loved ones.
Steve, can you tell us why someone might need a Trust?
There are many reasons why establishing a trust could be beneficial. Trusts offer a wide range of advantages over simply having a will. Primarily, they help avoid the lengthy and often expensive probate process, which means your assets can be distributed to your beneficiaries more quickly and efficiently.
Moreover, trusts provide a level of privacy that wills don’t. The terms of a trust are generally not part of public record, unlike wills which become accessible after your passing. This can be particularly important for individuals who value discretion or have complex family situations.
Let’s discuss the different types of Trusts. Which one is most popular in your experience?
The revocable living trust is undoubtedly the most common type I encounter. It offers flexibility and control during your lifetime, allowing you to manage and modify the trust as needed. You can even act as the trustee, maintaining direct oversight of your assets.
Consequently, upon your passing, the trust becomes irrevocable, ensuring your wishes are carried out according to your predetermined instructions. Your assets are then distributed to your beneficiaries without going through probate.
Have you ever faced any challenges implementing a Revocable Living Trust for a client?
While revocable living trusts are generally straightforward, there have been instances where clients initially hesitated due to concerns about relinquishing complete control over their assets. In one instance, a woman in her late 70s was hesitant to place her home in the trust, fearing she’d lose her autonomy.
I patiently explained the benefits of retaining control as trustee while ensuring a smooth transition for her children upon her passing. I also reassured her that amendments could be made to the trust if her circumstances changed. Ultimately, she understood the value and peace of mind the trust provided, allowing her to focus on enjoying her retirement.
According to the American Bar Association, approximately 40% of Americans over the age of 55 have a will but lack any form of trust. This highlights the significant need for education and awareness surrounding estate planning tools like revocable living trusts.
What advice would you give to someone considering setting up a Trust?
- Consult with an experienced probate attorney: An attorney can help you determine the best type of trust for your individual needs and circumstances.
- Understand your goals: Clearly define what you want to achieve through the trust – asset protection, estate tax reduction, or providing for loved ones.
- Be thorough in your planning: Include detailed instructions regarding asset distribution and consider naming a successor trustee.
Final Thoughts
“Working with Steve Bliss and Moreno Valley Probate Law was the best decision I ever made. They were patient, knowledgeable, and truly cared about my family’s future.” – Maria S., Moreno Valley Resident.
“Steve’s expertise in estate planning gave me peace of mind knowing that my children would be taken care of after I’m gone.” – John D., Riverside County.
Let us guide you towards a secure future. Contact Moreno Valley Probate Law today for a complimentary consultation and discover how we can help you protect your legacy.
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: “Can a trust protect assets from creditors?” 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 Irrevocable Trust Attorney |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Irrevocable Trust Attorney Moreno Valley |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Irrevocable Trust Attorney |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Moreno Valley Irrevocable Trust Attorney |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Irrevocable Trust Attorney Moreno Valley |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Credible Irrevocable Trust Attorney in Moreno Valley |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |