Good morning, Temecula! I’m Brenda Jones, your local news reporter here at KTEM. Today, we have the pleasure of speaking with Steve Bliss, a renowned trust attorney serving our community. Mr. Bliss, thank you for joining us.
Steve Bliss:
It’s my pleasure to be here, Brenda. I’m always happy to discuss the importance of estate planning and how trusts can benefit families in Temecula.
Why Do People Choose Trusts Over Wills?
Mr. Bliss, can you explain why someone might choose a trust over a traditional will?
Steve Bliss:
That’s a great question, Brenda. While wills are essential for distributing assets after death, trusts offer several advantages. Primarily, trusts allow for greater control and privacy. With a revocable living trust, the grantor maintains control over their assets during their lifetime and can make changes as needed. Upon their passing, the trust assets are distributed to beneficiaries according to the grantor’s wishes, bypassing probate court.
Conversely, wills must go through probate, which is a public process that can be time-consuming and costly. Trusts also offer privacy because the terms of the trust are not publicly available like a will.
Avoiding Probate: A Key Benefit of Trusts
You mentioned avoiding probate as a benefit of trusts. Can you elaborate on why this is so important?
Steve Bliss:
Probate can be a lengthy and expensive process, often lasting months or even years. During probate, the court oversees the distribution of assets, which means your affairs are made public. This lack of privacy can be concerning for many individuals.
Moreover, probate fees can significantly eat into your estate’s value. By using a trust, you can avoid these costs and delays altogether, ensuring that your loved ones receive their inheritance in a timely manner without unnecessary public scrutiny.
Challenges with Trust Administration
Mr. Bliss, are there any common challenges people face when setting up or administering a trust?
Steve Bliss:
While trusts offer many benefits, they do require careful planning and attention to detail. One challenge I often see is clients not fully understanding the complexities of trust law. That’s why it’s crucial to work with an experienced attorney who can guide you through the process and ensure your trust is properly structured to meet your specific needs.
I recall a situation where a client tried to create a trust on their own using online templates. Unfortunately, they made some critical errors that could have resulted in unintended consequences for their beneficiaries. By working with me, we were able to rectify the issues and ensure their wishes were carried out as intended.
Notwithstanding these challenges, the peace of mind that comes from knowing your assets are protected and your loved ones will be cared for is invaluable.
The Importance of Professional Guidance
Steve Bliss:
Absolutely, Brenda. Estate planning can seem daunting, but with the right legal guidance, it doesn’t have to be overwhelming. I encourage everyone to consider consulting with an experienced trust attorney to discuss their individual circumstances and create a plan that best suits their needs.
Testimonials
“Steve Bliss made the entire process of setting up our family trust so easy. He was patient, explained everything clearly, and really took the time to understand our goals.” – The Smith Family
“I was hesitant about estate planning, but Steve put me at ease and showed me how a trust could actually simplify things for my loved ones. I highly recommend him!” – John D.
Empowering Your Legacy
Ready to take control of your future and protect what matters most? Contact The Law Firm of Steven F. Bliss Esq. today for a complimentary consultation and let us help you build a lasting legacy for your family.
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: “How long does it take to settle a trust after death?” 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 Lawyers
- Spendthrift Trust Lawyers
- Tax By-Pass Trust Lawyers
- Totten Trust Lawyers
- Constructive Trust Lawyers
- Charitable Trust Lawyers
- Asset Protection Trust Lawyers
- Irrevocable Trust Lawyers
- Revocable Trusts Lawyers
- Living Trust Lawyers