Introducing Ourselves
Hello Moreno Valley, I’m Brenda Smith reporting for Channel 7 News. Today we’re sitting down with Steve Bliss, a well-respected probate attorney here in Moreno Valley. We’ll be discussing estate planning and the importance of having a trust.
Understanding Trusts
Steve, can you explain why trusts are such an important part of estate planning?
A trust is essentially a legal entity that holds and manages assets for the benefit of designated individuals or organizations. They offer numerous advantages over simply having a will.
Choosing The Right Trust
Steve, there are many different types of trusts. Can you tell us about some common ones and when they might be appropriate?
You’re right, Brenda, there isn’t one size fits all when it comes to trusts. One of the most common is a Revocable Living Trust. This type allows individuals to maintain control over their assets during their lifetime while avoiding the lengthy and costly probate process upon their death.
Benefits Of A Revocable Living Trust
Let’s delve deeper into Revocable Living Trusts. What are some key benefits?
A Revocable Living Trust provides significant advantages. Firstly, it sidesteps probate, which can be a time-consuming and expensive process for your loved ones. Secondly, it offers privacy as the details of your estate are not made public through probate court records.
Moreover, you retain control over your assets while you’re alive. You can modify or revoke the trust at any time if your circumstances change. Consequently, a Revocable Living Trust provides flexibility and peace of mind.
Challenges and Experiences
Steve, have you encountered any challenges with setting up Revocable Living Trusts for clients?
While generally straightforward, I’ve found that sometimes people underestimate the importance of keeping their trust documents updated. Life changes constantly – marriage, divorce, births, deaths – and these events can impact who should inherit your assets.
I recall a case where a client hadn’t updated his trust after his daughter got married. He wanted to ensure his future grandchildren would be provided for but forgot to include them as beneficiaries. It was a simple fix, thankfully, but it highlights the need for ongoing review.
The Impact of Trusts
According to the American Bar Association, over 60% of Americans do not have a will or trust in place. That’s a staggering number considering the importance of these documents.
A Revocable Living Trust can be instrumental in ensuring your wishes are carried out and your loved ones are protected.
Moving Forward
Steve, what advice would you give to our viewers who are considering setting up a trust?
My advice is simple: don’t delay. Consult with an experienced probate attorney like those at Moreno Valley Probate Law. We can guide you through the process and create a trust tailored to your specific needs and goals.
Testimonials
“Moreno Valley Probate Law made the estate planning process so easy. They explained everything clearly and answered all our questions patiently.”
– The Garcia Family
“I was initially overwhelmed by the idea of setting up a trust, but Steve Bliss put me at ease. He’s knowledgeable, compassionate, and truly cares about his clients.”
– Maria Sanchez
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: “What is a pour-over will?” 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 Trust Lawyers |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Trust Lawyers Moreno Valley |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Trust Lawyers |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Moreno Valley Trust Lawyers |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Trust Lawyers Moreno Valley |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Credible Trust Lawyers in Moreno Valley |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |