Hi everyone and welcome back to the show! Today I’m talking to local Temecula attorney Steve Bliss about trusts and why they are important for estate planning.
Types of Trusts
Steve, can you tell our viewers a little bit about the different types of trusts?
Choosing the Right Trust
So, let’s focus on one type: the Special Needs Trust (SNT). Why might someone choose this kind of trust?
Steve Bliss explains that an SNT is specifically designed to benefit individuals with disabilities while ensuring they remain eligible for crucial government benefits like Supplemental Security Income (SSI) and Medi-Cal. There are two primary types: first-party SNTs, funded with the beneficiary’s own assets, and third-party SNTs, funded by family members or friends.
Consequently, an SNT provides a safety net for individuals with disabilities, enabling them to access supplemental funds without jeopardizing their essential benefits. This is crucial because losing access to SSI or Medi-Cal can have devastating consequences, limiting their ability to afford necessities like housing, medical care, and assistive devices.
Ordinarily, setting up a trust can be complex, but Steve Bliss emphasizes that his firm takes the time to understand each client’s unique situation and crafts a personalized SNT tailored to their specific needs.
Challenges with Special Needs Trusts
Have you encountered any particular challenges when setting up SNTs for clients?
Steve recalls a case where a family was struggling to navigate the complex rules surrounding SNTs and government benefits. They were worried about inadvertently disqualifying their son from receiving crucial support. Steve’s team carefully guided them through the process, ensuring the trust was structured correctly and wouldn’t jeopardize his eligibility for SSI and Medi-Cal. The relief on their faces when they realized their son would continue to receive the support he needed was truly heartwarming.
Notwithstanding these challenges, setting up an SNT can be a profoundly impactful decision. According to a 2021 report by the National Disability Rights Network, approximately 1 in 4 adults in the US has a disability. Many of these individuals rely on government benefits for their well-being. An SNT can provide essential financial security and peace of mind for both them and their families.
Call to Action
Steve Bliss, thank you so much for sharing your expertise with us today!
If you are looking for legal guidance on estate planning or need help establishing a trust, contact The Law Firm of Steven F. Bliss Esq. We are committed to helping you protect your assets and secure the future for your loved ones.
Testimonials
“Steve Bliss and his team made the process of setting up our family trust so easy and stress-free. They were always available to answer our questions and explained everything clearly. I highly recommend them!” – John S.
“I was feeling overwhelmed with estate planning, but Steve Bliss put my mind at ease. He took the time to understand my concerns and created a plan that met all my needs. I am so grateful for his expertise and professionalism.” – Mary 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: “Do I still need a will if I have a trust?” 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 Irrevocable Trust Attorney |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Irrevocable Trust Attorney Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Irrevocable Trust Attorney |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Temecula Irrevocable Trust Attorney |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Irrevocable Trust Attorney Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Credible Irrevocable Trust Attorney in Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |