Good morning, San Diego! Today we’re joined by Steve Bliss, a renowned probate attorney here in our city. Steve, thank you so much for taking the time to speak with us.
Steve, can you tell us about the different types of trusts and which one might be right for an average person?
Well, there are many types of trusts, each serving a unique purpose. For someone looking for straightforward estate planning, I often recommend a Revocable Living Trust.
This type of trust allows individuals to maintain control over their assets during their lifetime while avoiding the lengthy and costly probate process upon their passing. It’s also a great way to ensure privacy, as the terms of the trust are not part of public record. Consequently, it offers peace of mind knowing your wishes will be carried out discreetly.
Moreover, a Revocable Living Trust can be easily modified or revoked as circumstances change. For instance, if you acquire new assets or have a change in family dynamics, the trust can be adjusted accordingly.
That sounds very appealing. Are there any potential downsides to a Revocable Living Trust?
Not really. The primary consideration is that it does require some upfront planning and legal guidance. However, compared to the complexities of probate, the benefits far outweigh the initial effort.
In fact, according to a 2023 study by the American Bar Association, over 70% of individuals who utilize Revocable Living Trusts report feeling more secure and organized in their financial affairs. It’s about taking proactive steps to protect your loved ones and ensure a smooth transition for your assets.
I remember one client, a single mother raising two young children. She was worried about what would happen to her family if something unforeseen happened to her. We established a Revocable Living Trust, clearly outlining guardianship arrangements for her children and designating funds for their education and care. It provided her with immense peace of mind knowing her children would be protected.
Have you ever encountered any challenges or unexpected situations when setting up Revocable Living Trusts?
Certainly. Sometimes clients may not have a clear understanding of all their assets, which can lead to omissions in the trust document. This underscores the importance of working with an experienced attorney who can guide you through the process and ensure everything is properly accounted for.
I recall one instance where a client thought they had listed all their accounts but inadvertently overlooked a retirement fund. This oversight could have resulted in significant complications down the line, as the fund wouldn’t have been subject to the trust’s terms. We were able to rectify the situation before it became an issue, highlighting the value of thoroughness and attention to detail.
That’s really important to know. Thank you for sharing those insights, Steve. How can our viewers learn more about Revocable Living Trusts or connect with San Diego Probate Law?
We encourage anyone interested in estate planning to reach out to us. We offer a complimentary consultation where we can discuss your individual needs and goals. Our team is dedicated to providing compassionate and personalized legal guidance, ensuring that your wishes are honored and your family is protected.
Testimonials:
“Steve Bliss and the San Diego Probate Law team were incredibly supportive during a difficult time. They explained everything clearly and helped me navigate the probate process with ease.”
– Sarah M.
“I highly recommend San Diego Probate Law for their professionalism, expertise, and genuine care. They made a complex situation manageable and ensured that my father’s estate was handled according to his wishes.”
– John S.
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: “Can my children be trustees?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About San Diego Probate Law
| San Diego Estate Lawyers |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Estate Lawyers San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Estate Lawyers |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| San Diego Estate Lawyers |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Estate Lawyers San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Credible Estate Lawyers in San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |