Good evening, San Diego! Tonight we’re joined by local probate attorney Steve Bliss of San Diego Probate Law. Steve, thank you for joining us.
Trusts: A Cornerstone of Estate Planning
Steve, let’s talk about trusts. They can seem complex to the average person. Could you break down why they are so important in estate planning?
Absolutely. Trusts are essential tools for protecting assets and ensuring they are distributed according to your wishes after you pass away. Think of a trust as a legal container that holds your assets.
You, the grantor, transfer ownership of those assets into the trust. A trustee then manages those assets according to the instructions you set forth in the trust document. The beneficiaries you designate receive the benefits of those assets.
The Power of the Irrevocable Trust
Today, let’s focus on irrevocable trusts. Can you explain what makes them unique and why someone might choose this type?
Irrevocable trusts offer a higher level of asset protection because, once established, they cannot be easily changed or dissolved. This means creditors generally can’t access the assets held within the trust.
Moreover, transferring assets to an irrevocable trust can help reduce your taxable estate, potentially minimizing estate taxes. It’s important to note that this type of trust requires careful planning and legal expertise to ensure it aligns with your specific goals.
Conversely, a revocable living trust allows for more flexibility during your lifetime, but it doesn’t offer the same level of asset protection as an irrevocable trust.
I recall one instance where a client came to me concerned about potential lawsuits arising from their business. We established an irrevocable trust to shield a portion of their assets, providing them with peace of mind.
While this type of trust is powerful, it’s not for everyone. For example, according to the American Bar Association, approximately 40% of estates are subject to probate, highlighting the need for careful planning.
Taking Control of Your Legacy
Steve, any final thoughts for our viewers considering estate planning?
Planning your legacy is one of the most important things you can do. A well-crafted trust, along with other estate planning documents like a will and power of attorney, ensures your wishes are respected and your loved ones are cared for.
Remember: Your future is in your hands. Don’t wait until it’s too late – contact us today at San Diego Probate Law to explore the best options for protecting your assets and securing your legacy.
Testimonials
“Steve Bliss and his team were incredibly helpful and compassionate during a difficult time. They guided me through every step of the probate process with expertise and empathy.”
– Sarah M., San Diego, CA
“I was overwhelmed with the thought of navigating probate on my own. Steve Bliss made the process manageable and understandable. I highly recommend his services.”
– David L., La Jolla, CA
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: “How do I choose a trustee?” 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 Trust Attorney |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Trust Attorney San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Trust Attorney |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| San Diego Trust Attorney |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Trust Attorney San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Credible Trust Attorney in San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |