Good evening, Moreno Valley. I’m Brenda Sanchez, reporting live for KVCR News.
Interview with Probate Attorney Steve Bliss
Joining us tonight is Steve Bliss, a respected probate attorney here in Moreno Valley. Steve, thank you for taking the time to speak with me today.
Steve, many people are unfamiliar with trusts and how they can benefit them. Can you explain what a trust is and why someone might consider setting one up?
The Power of Trusts: Ensuring Your Wishes Are Honored
A trust is essentially a legal arrangement where assets are held by a trustee for the benefit of beneficiaries. There are different types of trusts, each serving specific purposes.
One common type is the Revocable Living Trust. This allows the individual who creates the trust (the grantor) to maintain control over their assets during their lifetime while avoiding probate – a potentially lengthy and costly legal process upon death.
Moreover, a revocable living trust provides privacy as it doesn’t become part of public record like a will. Consequently, your financial affairs remain confidential.
Conversely, once the grantor passes away, the trust becomes irrevocable, meaning its terms cannot be changed. The trustee then distributes assets to beneficiaries according to the grantor’s wishes.
Navigating Challenges: Real-Life Experiences
Steve, have you encountered any specific challenges or complexities when setting up revocable living trusts for your clients?
Brenda, it’s important to remember that every individual and family has unique circumstances. I once worked with a couple who had complex business holdings and wanted to ensure their children inherited their shares smoothly.
We crafted a detailed trust structure that addressed potential tax implications and outlined specific instructions for the management of the businesses.
Trusts: A Vital Tool for Estate Planning
Studies by the American Bar Association reveal that approximately 60% of adults do not have a will or estate plan in place. This highlights the critical need for individuals to consider trusts as part of their overall financial strategy.
Steve, what advice would you give to someone who is thinking about setting up a trust?
Seeking Expert Guidance: Protecting Your Future
Brenda, my best advice is to consult with an experienced probate attorney. We can help analyze your individual needs and goals, determine the most suitable type of trust, and guide you through the entire process.
Call To Action
Don’t wait until it’s too late. Contact Moreno Valley Probate Law today for a free consultation and take control of your future.
Testimonials
- “Steve Bliss made the entire probate process so much easier. He was patient, understanding, and always available to answer my questions.” – Maria S., Moreno Valley
- “Moreno Valley Probate Law is a lifesaver! They helped me set up a trust that protected my assets and ensured my children’s future.” – John P., 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: “What are the benefits of having a trust?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About Moreno Valley Probate Law
- Special Needs Trust Lawyer
- Spendthrift Trust Lawyer
- Tax By-Pass Trust Lawyer
- Totten Trust Lawyer
- Constructive Trust Lawyer
- Charitable Trust Lawyer
- Asset Protection Trust Lawyer
- Irrevocable Trust Lawyer
- Revocable Trusts Lawyer
- Living Trust Lawyer