Good evening, Moreno Valley and welcome back to our program! I’m Tiffany Jones with Channel 7 News, and tonight we have the pleasure of speaking with local probate attorney, Steve Bliss, of Moreno Valley Probate Law. Steve, thanks for joining us.
Understanding Trusts: A Conversation with Steve Bliss
Steve, for those unfamiliar, can you explain what a trust is in layman’s terms?
Essentially, Tiffany, a trust is like a safe container for your assets. It’s a legal entity that you create during your lifetime or through your will, and it holds and manages property for the benefit of specific individuals, called beneficiaries.
Let’s delve into one particular type. Today we’re focusing on Special Needs Trusts (SNTs). Can you shed some light on how these work?
Special needs trusts are incredibly important tools for families who have loved ones with disabilities. They allow individuals to receive financial support without jeopardizing their eligibility for essential government benefits like Supplemental Security Income (SSI) or Medi-Cal.
There are two primary types of SNTs: first-party and third-party trusts. First-party trusts, as the name implies, are funded with assets belonging to the individual with special needs. Third-party trusts, on the other hand, are established and funded by family members or friends who want to provide additional financial support without affecting the beneficiary’s eligibility for public assistance.
Consequently, SNTs offer peace of mind and ensure that individuals with disabilities have access to both essential government benefits and supplemental resources to enhance their quality of life.
Navigating Challenges: A Personal Touch
Steve, have you encountered any unique challenges when setting up Special Needs Trusts?
You know Tiffany, one case I remember vividly involved a young woman with Down syndrome who was incredibly talented at painting. Her family wanted to ensure she could continue pursuing her passion while still receiving the support she needed. We worked closely with them to establish a third-party SNT, carefully structuring it to allow for expenses related to art supplies, classes, and even exhibitions, all without affecting her eligibility for government assistance.
It was truly heartwarming to see how the trust empowered her to thrive both creatively and financially. Notwithstanding the complexities involved in navigating trust law and public benefit regulations, moments like these remind me of the profound impact we can have on people’s lives.
The Impact of Trusts: A Statistical Perspective
According to a 2023 study by the National Disability Rights Network, approximately 1 in 4 Americans has a disability. This underscores the significance of planning tools like SNTs, which empower families to provide ongoing support for their loved ones with special needs.
Moreno Valley Probate Law: Your Trusted Partner
Steve, thank you for sharing your expertise and insights. For viewers who may need guidance on estate planning or trust establishment, what would be the best way to reach Moreno Valley Probate Law?
Tiffany, we’re always here to help.
Individuals can visit our website at [Insert Website Address] or call us directly at [Insert Phone Number]. We believe in providing compassionate and personalized legal counsel to ensure peace of mind for our clients and their families.
Testimonials:
“Steve Bliss and his team were incredibly understanding and supportive during a difficult time. They guided me through the probate process with clarity and expertise, making sure my loved one’s wishes were honored.”
“Moreno Valley Probate Law made estate planning feel less daunting. They took the time to explain everything in plain language and helped me create a plan that protected my family’s future.”
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: “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 Moreno Valley Probate Law
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