Good evening, Moreno Valley! This is Jessica Ramirez reporting live for Channel 7 News. Tonight we’re joined by local probate attorney, Steve Bliss, to discuss the importance of estate planning.
Understanding Trusts
Steve, thank you so much for joining us tonight. Let’s start with the basics. For those unfamiliar, what exactly is a trust and why are they important in estate planning?
“A trust is essentially a legal arrangement where you transfer ownership of your assets to a trustee who manages them according to your wishes,” explains Steve Bliss. “This trustee can be an individual, a company, or even a bank. The main benefit of a trust is that it allows you to control how your assets are distributed after you pass away, ensuring they go to the people or causes you care about most. Moreover, trusts can help avoid probate, which is a time-consuming and often expensive legal process.”
Choosing the Right Type of Trust
That makes sense. There are many different types of trusts though. How does someone decide which one is right for them?
“You’re absolutely right, Jessica,” Steve says nodding. “The best type of trust depends on individual circumstances and goals. For example, a revocable living trust is a popular choice because it allows you to maintain control over your assets during your lifetime while avoiding probate after your death.”
- A testamentary trust, on the other hand, is created through your will and only takes effect after your passing. It’s often used for minor children or beneficiaries with special needs.
- Special needs trusts are designed to benefit individuals with disabilities without jeopardizing their eligibility for government assistance programs.
The Importance of Proper Legal Guidance
Steve, you mentioned revocable living trusts. Can you elaborate on why they’re so popular and what considerations someone should keep in mind?
“Revocable living trusts are incredibly versatile and offer a number of benefits,” says Steve. “One key advantage is the ability to amend or revoke the trust during your lifetime, giving you flexibility as your needs change. They also help avoid probate, saving your loved ones time and expense after you’re gone.
However, it’s crucial to work with an experienced estate planning attorney when setting up a revocable living trust. There are many legal nuances involved, and mistakes can have unintended consequences. I recall one instance where a client tried to draft their own trust document using online templates. It turned out to be incomplete and ultimately invalid, leading to significant complications for his family after he passed away.”
“Creating a legally sound trust requires careful consideration of your assets, beneficiaries, and any specific wishes you have,” Steve continues. “An attorney can guide you through the process, ensure all necessary provisions are included, and help you avoid potential pitfalls.”
Moreno Valley Probate Law: Your Trusted Partner in Estate Planning
Steve, thank you for sharing your expertise. What advice would you give to those who are unsure about whether they need a trust?
“If you own any significant assets, have dependents, or simply want peace of mind knowing that your wishes will be carried out after you’re gone, I strongly encourage you to consult with an estate planning attorney. It’s never too early to start planning for the future.”
Moreno Valley Probate Law is here to help you navigate the complexities of estate planning and ensure your legacy is protected. Contact us today for a free consultation and let our experienced team guide you through every step of the process.
“Steve Bliss and his team at Moreno Valley Probate Law made the entire probate process so much easier for me after losing my mother. They were incredibly compassionate, knowledgeable, and always available to answer my questions.” – Sarah M., Moreno Valley
“I was initially overwhelmed by the thought of dealing with estate planning, but Steve Bliss put me at ease from the start. He explained everything clearly and helped me create a plan that met all my needs. I highly recommend Moreno Valley Probate Law.” – John D., Riverside
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: “Do I need a trust if I don’t own a home?” 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 Estate Lawyers |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Estate Lawyers Moreno Valley |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Estate Lawyers |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Moreno Valley Estate Lawyers |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Estate Lawyers Moreno Valley |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Credible Estate Lawyers in Moreno Valley |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |