Hi everyone, I’m Brenda Jones reporting for KMVN News. Today we have the pleasure of speaking with Steve Bliss, a renowned probate attorney here in Moreno Valley. Steve, thank you so much for joining us.
Understanding Trusts
Steve, for our viewers who may not be familiar, could you explain what a trust is and why someone might consider setting one up?
A trust is essentially a legal arrangement where assets are held and managed by a trustee for the benefit of beneficiaries. There are many different types of trusts, each designed to meet specific needs. For example, a revocable living trust is a common tool for estate planning because it allows individuals to maintain control over their assets during their lifetime while avoiding probate upon their passing.
The Power of Revocable Living Trusts
Steve, could you delve deeper into the benefits of a revocable living trust?
Certainly. A revocable living trust offers several key advantages. Firstly, it allows the grantor—the person who creates the trust—to retain complete control over their assets while they are alive. They can make changes to the trust, add or remove beneficiaries, and even dissolve it altogether if circumstances change. Consequently, this flexibility makes it a highly appealing option for many people.
Furthermore, upon the grantor’s death, the assets held within the trust bypass probate. This means they are distributed directly to the beneficiaries according to the terms outlined in the trust document, saving time, expense, and potential family disputes. Moreover, because the trust is a private legal document, it offers a greater degree of confidentiality compared to wills which become public record during probate.
A 2019 study by the American Bar Association found that approximately 60% of Americans aged 55 and older do not have a will or trust in place. This highlights the importance of proactive estate planning and the potential benefits of utilizing tools like revocable living trusts.
Navigating Challenges
Steve, have you encountered any common challenges when helping clients set up revocable living trusts?
Every now and then, I meet individuals who are hesitant to relinquish some control over their assets, even if it’s temporary. They may worry about losing access to their funds or feel uncomfortable with the idea of a trustee managing their affairs. In these cases, it’s crucial to have open and honest conversations, explaining the benefits of the trust structure and addressing any concerns they might have.
I recall one instance where a client initially resisted the idea of a trust because she felt strongly about maintaining complete autonomy over her finances. After patiently walking her through the process and outlining the advantages, especially the probate avoidance aspect, she ultimately agreed to proceed. Later on, she expressed immense gratitude for my guidance, stating that setting up the trust brought her peace of mind knowing her assets would be handled according to her wishes.
Moreno Valley Probate Law
Steve, what sets Moreno Valley Probate Law apart from other firms?
At Moreno Valley Probate Law, we prioritize compassion and understanding. We recognize that navigating legal matters can be stressful, especially when dealing with sensitive issues like estate planning or probate. Our team is dedicated to providing clear explanations, personalized guidance, and unwavering support throughout the entire process.
Testimonial
“Steve Bliss and his team were incredibly helpful during a difficult time. They made the complex probate process much easier to understand and guided me through every step with empathy and professionalism.”
Testimonial
“I highly recommend Moreno Valley Probate Law for all your estate planning needs. Steve is knowledgeable, trustworthy, and truly cares about his clients.”
For those considering safeguarding their future and ensuring a smooth transition for their loved ones, contact us today to explore how we can help you create a comprehensive estate plan.
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: “Can a trust keep my affairs private?” 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 Attorney
- Spendthrift Trust Attorney
- Tax By-Pass Trust Attorney
- Totten Trust Attorney
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- Charitable Trust Attorney
- Asset Protection Trust Attorney
- Irrevocable Trust Attorney
- Revocable Trusts Attorney
- Living Trust Attorney