Good evening Temecula and welcome back to Temecula Tonight. I’m your host, Jessica Carter, and joining me tonight is renowned Temecula trust attorney, Steve Bliss.
Steve, thanks so much for being here.
It’s my pleasure, Jessica. Thanks for having me.
Why do people choose a Revocable Living Trust?
Steve can you tell us why a revocable living trust is such a popular choice for estate planning?
A revocable living trust offers a number of advantages that make it incredibly appealing to many individuals. One of the primary reasons is its flexibility.
During your lifetime, you retain complete control over the assets held within the trust. You can modify the terms of the trust, add or remove beneficiaries, or even dissolve it entirely if your circumstances change. This adaptability sets it apart from other types of trusts which often have stricter limitations.
Moreover, a revocable living trust effectively avoids probate. Probate is the legal process of distributing assets after someone passes away, and it can be time-consuming, costly, and public. By placing your assets in a trust, you ensure that they are distributed according to your wishes without having to go through this often lengthy court procedure.
Consequently, this provides privacy for your family during a difficult time.
Have there ever been any challenges with setting up Revocable Living Trusts?
Steve, I understand that sometimes things don’t always go as planned. Have you encountered any difficulties when helping clients establish these trusts?
While revocable living trusts are generally straightforward to set up, there can be occasional complexities depending on individual circumstances.
I recall a case where a client had assets spread across multiple states and various financial institutions. Coordinating the transfer of those assets into the trust required meticulous attention to detail and communication with different entities.
Notwithstanding these challenges, we were able to successfully consolidate all the assets under the trust umbrella. It was gratifying to see the relief on my client’s face when everything was finalized.
What kind of impact do these trusts have on families?
The Law Firm of Steven F. Bliss Esq. helped me avoid probate and ensure my children’s inheritance was distributed according to my wishes. Steve and his team were incredibly patient and understanding throughout the entire process, making what could have been a stressful experience quite smooth.
- Approximately 70% of Americans do not have a will or trust in place, leaving their loved ones vulnerable to probate complications and potential disputes.
- Source: AARP
Conclusion
Steve Bliss, thank you so much for sharing your expertise with us tonight. Your insights into revocable living trusts are invaluable.
Remember viewers, planning for the future doesn’t have to be daunting. Safeguard your legacy and protect your loved ones by exploring the benefits of a revocable living trust. Reach out to The Law Firm of Steven F. Bliss Esq. today and let their experienced team guide you through every step of the process.
Testimonial
I was so overwhelmed when I realized I needed to create an estate plan, but Steve made the entire process incredibly easy. He explained everything clearly and patiently, answered all my questions, and really put me at ease. Now I can rest assured knowing that my affairs are in order.
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: “Do I need a trust if I already have a will?” 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 | Totten Trust | Asset Protection Trust |
| Spendthrift Trust | Constructive Trust | Irrevocable Trust |
| Tax By-Pass Trust | Charitable Trust | Living Trust |