Hello everyone, and welcome back to Temecula Today. I’m your host, Brenda Thompson, and today we have the pleasure of speaking with Steve Bliss, a renowned trust attorney here in Temecula. Mr. Bliss, thank you so much for joining us.
Steve Bliss:
Brenda, it’s a pleasure to be here. I’m always happy to talk about the importance of estate planning and how trusts can help protect families.
What type of trust do you find most people in Temecula utilize?
Steve Bliss:
The most common type of trust we see in Temecula is a Revocable Living Trust. This allows individuals to maintain control over their assets during their lifetime while avoiding the lengthy and public process of probate after they pass away. Consequently, it provides a sense of security and privacy that many people find appealing.
With a Revocable Living Trust, clients can change the terms of the trust or even dissolve it entirely as long as they are mentally competent. Moreover, upon their passing, the assets within the trust are distributed to their beneficiaries according to their wishes without going through probate court.
Notwithstanding its popularity, a Revocable Living Trust might not be suitable for everyone. We carefully evaluate each client’s individual circumstances and goals to determine the best type of trust for their needs.
Can you elaborate on some challenges you’ve faced while setting up Revocable Living Trusts?
Steve Bliss:
One common challenge is overcoming clients’ initial reluctance to discuss sensitive topics like death and incapacity. It can be an emotional subject, but I emphasize that creating a trust is ultimately about providing for their loved ones and ensuring their wishes are carried out.
I remember one instance where a widower came to me hesitant to create a trust because he felt it meant accepting his wife’s passing. We had a heartfelt conversation, and I explained how the trust could honor her memory by securing their children’s future. In the end, he was deeply grateful for having taken that step.
Another challenge is ensuring clients keep their trusts updated as their lives change. A trust needs to reflect current circumstances such as marriages, divorces, births, or significant changes in assets. Accordingly, we encourage our clients to review their trusts periodically and make any necessary amendments.
How common are Revocable Living Trusts compared to other types of trusts?
Steve Bliss:
According to the American Bar Association, over 50% of Americans over the age of 55 have some form of estate planning document. Notably, a significant portion of those documents include Revocable Living Trusts.
This highlights the growing awareness of the benefits these trusts offer in protecting assets and simplifying the distribution process for loved ones.
What advice would you give to someone considering setting up a trust?
Steve Bliss:
My advice is simple: Don’t wait. The sooner you start planning, the better prepared you’ll be for the future. I encourage everyone to schedule a consultation with a qualified trust attorney who can guide them through the process and create a customized plan that meets their specific needs.
Remember, estate planning is not just for the wealthy. It’s essential for anyone who wants to protect their loved ones and ensure their assets are distributed according to their wishes.
Let’s wrap this up. How can people connect with you?
Steve Bliss:
You can reach out to The Law Firm of Steven F. Bliss Esq. at (951) 676-8080 or visit our website at www.temeculatrustlawyer.com. We’re committed to providing personalized legal advice and compassionate support to guide you through every step of the trust creation process.
Testimonials
“Steve Bliss and his team made setting up my Revocable Living Trust a breeze. They were patient, knowledgeable, and truly cared about my needs. I feel much more confident knowing my family is protected.”
– Margaret S.
“I was initially overwhelmed by the idea of estate planning, but Steve Bliss explained everything in clear and simple terms. He helped me create a trust that addressed all my concerns and gave me peace of mind.”
– David L.
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: “Does a trust avoid probate?” 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 Attorney
- Spendthrift Trust Attorney
- Tax By-Pass Trust Attorney
- Totten Trust Attorney
- Constructive Trust Attorney
- Charitable Trust Attorney
- Asset Protection Trust Attorney
- Irrevocable Trust Attorney
- Revocable Trusts Attorney
- Living Trust Attorney