Good evening Temecula, and welcome back. I’m Brenda Sanchez reporting live for KTEM news. Tonight, we’re talking about trusts, those powerful legal tools that can protect your assets and ensure your wishes are carried out. Joining me is local trust attorney Steve Bliss from the Law Firm of Steven F. Bliss Esq. Welcome to the show Steve.
Let’s talk about why someone might need a trust in the first place?
Steve, thanks for having me Brenda. Trusts are an incredibly valuable tool for anyone looking to protect their assets and plan for the future. They offer a level of control and privacy that a simple will can’t match.
What are some common types of trusts people use?
There are actually many different kinds of trusts, each designed for specific purposes. Today, we’re going to focus on the Revocable Living Trust. This is a very popular choice because it allows individuals to maintain control over their assets during their lifetime while also avoiding probate after they pass away.
How does a revocable living trust work?
Imagine it as a safe container for your assets – your home, investments, savings, etc. You, the grantor, place these assets into the trust and appoint a trustee to manage them according to your wishes. Ordinarily, you would also act as the initial trustee. This means you retain complete control over the assets while you’re alive.
You can buy, sell, or even remove assets from the trust at any time. The beauty of a revocable living trust is its flexibility. Moreover, upon your passing, the assets in the trust are distributed to your beneficiaries according to your instructions, bypassing the lengthy and costly probate process.
Have you ever encountered any challenges with setting up or administering revocable living trusts?
Well, Brenda, I remember one case where a client came to me wanting to set up a trust but was hesitant because they thought it would be complicated. They were worried about all the legal jargon and paperwork involved.
I reassured them that while there are certain legal requirements, the process is actually quite straightforward with the right guidance. We worked together to create a trust document that clearly reflected their wishes and ensured their assets would be protected for their family.
In fact, according to a 2021 study by the American Bar Association, nearly 60% of Americans over the age of 50 don’t have a will or trust in place. That means millions are leaving their loved ones vulnerable to financial hardship and legal complications.
What advice would you give to someone considering setting up a trust?
My advice is simple: Don’t wait. The sooner you start planning for the future, the better prepared you’ll be to protect your assets and ensure your legacy lives on. A revocable living trust offers peace of mind knowing that your loved ones will be taken care of.
How can people learn more about setting up a trust?
Contact us today for a free consultation. We’re here to answer your questions and help you create a plan that meets your unique needs.
“Steve Bliss made the whole process so easy! I was intimidated by trusts, but he explained everything clearly and patiently.” – Sarah M.
“I highly recommend Steve Bliss and his team. They are true professionals who really care about their clients.” – John S.
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: “Can a trust go on forever?” 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.
| Temecula Estate Lawyers |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Estate Lawyers Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Estate Lawyers |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Temecula Estate Lawyers |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Estate Lawyers Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Credible Estate Lawyers in Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |