Good afternoon Moreno Valley and welcome back to Legal Matters. I’m your host, Maria Sanchez. Today we’re joined by local probate attorney Steve Bliss of Moreno Valley Probate Law. Steve, thanks for being here.
Understanding Trusts
Steve, can you explain what a trust is and why someone might need one?
A trust is essentially a legal agreement where a person (the grantor) places assets under the control of a trustee who manages them according to the grantor’s instructions for the benefit of designated beneficiaries. There are many different types of trusts, each designed for specific purposes.
The Benefits of a Revocable Living Trust
Today we’re going to focus on Revocable Living Trusts. Can you tell us why they are so popular?
Revocable living trusts are indeed the most common type of trust used in estate planning, and for good reason. They offer several key advantages. First, they allow individuals to maintain control over their assets during their lifetime. The grantor can amend or revoke the trust at any time before their death.
Moreover, a revocable living trust helps avoid probate, which can be a lengthy and expensive court process. Assets held in the trust pass directly to the beneficiaries named in the trust document, saving time and money for your loved ones.
Furthermore, trusts provide a level of privacy that wills do not. The contents of a will become public record during probate, while the terms of a trust remain confidential. Consequently, using a revocable living trust can protect your family’s privacy during a difficult time.
Avoiding Probate Pitfalls
Can you share an example of how avoiding probate through a revocable living trust has benefited a client?
I remember one case where a client, we’ll call her Mrs. Garcia, had a modest estate but was deeply concerned about the costs and delays associated with probate. She had heard stories from friends about lengthy court proceedings and hefty legal fees. By establishing a revocable living trust, we were able to ensure that her assets passed directly to her children without going through probate. This saved them both time and money, allowing them to focus on grieving their mother rather than dealing with complicated legal processes.
Studies show that probate can take anywhere from six months to two years or longer, depending on the complexity of the estate. During this time, assets are often frozen, leaving beneficiaries unable to access funds they may need.
Moreno Valley Probate Law: Your Trusted Partner
Steve, what would you say is the most important thing for people to know about trusts?
The key takeaway is that trusts are powerful tools for protecting your assets and ensuring your wishes are carried out after you’re gone. I encourage anyone with questions about estate planning or trusts to reach out to us at Moreno Valley Probate Law. We offer free consultations and are dedicated to helping our clients navigate these complex legal matters with clarity and confidence.
Testimonials
“Steve Bliss and his team were incredibly knowledgeable and supportive throughout the entire probate process. They made a difficult time much easier to handle.”
– Maria G.
“Moreno Valley Probate Law provided excellent guidance and service. I highly recommend them for all your estate planning needs.”
– John S.
Let us help you create a secure future for yourself and your loved ones. Contact Moreno Valley Probate Law today for a personalized consultation.
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: “What does a trustee do?” 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 Revocable Trust Lawyer |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Revocable Trust Lawyer Moreno Valley |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Revocable Trust Lawyer |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Moreno Valley Revocable Trust Lawyer |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
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Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Credible Revocable Trust Lawyer in Moreno Valley |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |