Introduction
Good morning, San Diego! Today we’re speaking with Steve Bliss, a renowned San Diego Probate Attorney, about the complexities of estate planning and the different types of trusts available.
Steve, can you explain what a testamentary trust is and how it differs from other types of trusts?
A testamentary trust is a unique tool in estate planning because it’s created through your will and only comes into effect after your passing. Unlike a revocable living trust, which avoids probate, a testamentary trust goes through the probate process. This means the court supervises its administration.
There are several reasons why someone might choose a testamentary trust. Primarily, they’re often used to provide for minor children or beneficiaries who may have special needs.
Why would parents opt for a testamentary trust over directly leaving assets to their children?
That’s an excellent question. Imagine a young adult inherits a substantial sum of money without the guidance and structure a trust can provide. They might make impulsive decisions, leading to financial instability. A testamentary trust allows parents to dictate how and when funds are distributed, ensuring responsible use of the inheritance.
Moreover, for beneficiaries with special needs, direct inheritance could jeopardize their eligibility for government assistance programs like SSI or Medi-Cal. A testamentary trust can be structured to provide supplemental support without affecting these crucial benefits.
Have you encountered any challenges specific to testamentary trusts in your practice?
Every case is unique and presents its own set of circumstances. I recall a situation where a client wanted to ensure their grandchild with autism received ongoing care and support, even after the passing of both parents. We carefully crafted a testamentary trust that outlined specific educational and therapeutic provisions.
It was incredibly rewarding to see how this trust brought peace of mind to the grandparents, knowing their beloved grandchild would be well-cared for in the future. Conversely, I’ve also worked on cases where beneficiaries contested the terms of a testamentary trust, leading to complex legal proceedings. That underscores the importance of clear and unambiguous language when drafting these documents.
What advice would you give to our viewers who are considering setting up a testamentary trust?
Consulting with an experienced probate attorney like myself is crucial. We can help you understand the intricacies of testamentary trusts, determine if they align with your estate planning goals, and draft legally sound documents that reflect your wishes.
- Remember, a well-crafted testamentary trust can safeguard your loved ones’ future.
- Don’t hesitate to reach out for professional guidance.
“Working with San Diego Probate Law was a true blessing during a difficult time. Steve Bliss and his team guided us through the complex probate process with compassion and expertise.” – Sarah J.
“I highly recommend San Diego Probate Law. They made a daunting task manageable and ensured my mother’s wishes were honored. Their professionalism and knowledge are exceptional.” – Michael K.
Let us help you navigate the legal landscape and secure your legacy. Schedule a free consultation today to discuss your estate planning needs.
About Steven F. Bliss Esq. at San Diego Probate Law:
Secure Your Family’s Future with San Diego’s Trusted Trust Attorney. Minimize estate taxes with stress-free Probate. We craft wills, trusts, & customized plans to ensure your wishes are met and loved ones protected.
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 San Diego Probate Law:
Address:
San Diego Probate Law3914 Murphy Canyon Rd, San Diego, CA 92123
(858) 278-2800
Map Link: https://g.co/kgs/WzT6443
Feel free to ask Attorney Steve Bliss about: “Can a trust be part of a blended family plan?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About San Diego Probate Law
| San Diego Living Trust Lawyer |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Living Trust Lawyer San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Living Trust Lawyer |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| San Diego Living Trust Lawyer |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Living Trust Lawyer San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Credible Living Trust Lawyer in San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |