Hello everyone and welcome back to San Diego News Tonight! I’m your host Brenda Diaz and today we have the pleasure of speaking with Steve Bliss, a well-respected probate attorney right here in San Diego. Steve, thanks for joining us!
Probate: What Happens When Someone Passes Away Without a Will?
Steve, let’s dive right in. For our viewers who may not be familiar, could you explain what probate is and why it’s such an important process?
“Brenda, probate essentially acts as the legal roadmap for distributing someone’s assets after they pass away. When a person dies without a will, which we call ‘intestate,’ the court steps in to determine how those assets are divided. This can often be a lengthy and complex process, potentially leading to disagreements among family members.”
Types of Trusts: Protecting Your Assets
“Now, many people opt for setting up trusts to avoid probate altogether. Can you elaborate on some common types of trusts and their benefits?”
“Absolutely. A popular choice is the Revocable Living Trust. This allows someone to manage their assets during their lifetime while dictating how those assets are distributed after they’re gone. Consequently, it avoids the public scrutiny and delays associated with probate. Moreover, a Revocable Living Trust offers privacy, as its terms aren’t part of public record.”
“Another type is the Irrevocable Trust, which, as the name suggests, cannot be easily modified once established. This can be beneficial for asset protection or estate tax planning purposes.”
Navigating Complexities: Steve’s Experience with Trusts
“Steve, I imagine you’ve encountered various situations with clients setting up trusts. Can you share any experiences that highlight the importance of careful planning?
“I recall one case involving a family business. The patriarch had established a trust but hadn’t clearly outlined succession plans. This unfortunately led to considerable tension and legal battles among his children after his passing. Conversely, another client meticulously planned their trust, ensuring a smooth transition for their beneficiaries. They even included provisions for charitable donations, leaving behind a legacy that extended beyond their immediate family.”
“These experiences underscore the need for thorough legal counsel when setting up a trust. It’s not just about avoiding probate; it’s about creating a structure that reflects your wishes and minimizes potential conflicts down the road.”
According to the American Bar Association, over 50% of Americans do not have a will or estate plan in place. This underscores the crucial need for legal guidance in safeguarding assets and ensuring peace of mind.
Moving Forward: Securing Your Legacy
“Steve, thank you so much for sharing your insights with us today. For anyone considering setting up a trust or needing probate assistance, what would be the next steps?”
“Brenda, I encourage viewers to reach out and schedule a consultation. At San Diego Probate Law, we offer personalized guidance tailored to individual needs. We strive to make this complex process as smooth and understandable as possible.”
Testimonials: San Diego Probate Law
“Steve Bliss guided us through the probate process with exceptional care and professionalism. He was always available to answer our questions and kept us informed every step of the way.” – Maria S.
“Setting up a trust seemed daunting, but Steve made it incredibly easy. His expertise and clear explanations gave us peace of mind knowing our assets are protected for future generations.” – John & Susan T.
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: “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 San Diego 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