Good evening, San Diego! I’m Brenda Walters reporting live from our studios. Tonight we’re joined by Steve Bliss, a renowned San Diego Probate Attorney, specializing in estate planning and trust administration. Steve, thanks for joining us.
Why are Trusts Important for Estate Planning?
Steve, can you explain why trusts are such an essential part of estate planning?
Well Brenda, trusts offer numerous benefits that traditional wills simply cannot match. They provide a way to manage and distribute assets according to your wishes while minimizing taxes and avoiding the often lengthy and public probate process.
Special Needs Trusts Explained
For this discussion, let’s focus on Special Needs Trusts (SNTs). Can you walk our viewers through how these work?
Certainly. SNTs are specifically designed to benefit individuals with disabilities without jeopardizing their eligibility for crucial government benefits like Supplemental Security Income (SSI) or Medi-Cal.
There are two primary types of SNTs: first-party and third-party. A first-party SNT is funded with the beneficiary’s own assets, while a third-party SNT is established by family members, friends, or other entities using their funds.
The trust assets are used to supplement the beneficiary’s needs, covering expenses not typically covered by government programs. This could include things like specialized medical care, assistive technology, education, and recreational activities.
Consequently, SNTs ensure a higher quality of life for individuals with disabilities while preserving their access to vital support systems.
Challenges with Special Needs Trusts
Have you encountered any unique challenges when setting up or administering SNTs?
One situation that comes to mind involved a young woman who had suffered a traumatic brain injury. Her family wanted to ensure she received the best possible care and therapies, which were beyond the scope of her government benefits.
We worked closely with them to establish a third-party SNT funded by family contributions. This allowed us to cover specialized rehabilitation programs, adaptive equipment, and ongoing support services that significantly improved her quality of life. Seeing the positive impact on this young woman and her family was incredibly rewarding.
Moreover, it’s crucial to ensure that all trust documents are meticulously crafted and comply with strict legal requirements. Any errors or omissions can potentially jeopardize the beneficiary’s eligibility for government benefits.
Importance of Expertise
According to a 2021 study by the National Council on Aging, over 40 million Americans rely on SSI or other means-tested programs for their basic needs.
That’s why working with an experienced attorney who specializes in SNTs is vital. They can navigate the complex legal landscape and ensure that the trust meets all necessary criteria while effectively meeting the beneficiary’s unique needs.
Call to Action
For those seeking peace of mind knowing their loved ones will be cared for, reach out to San Diego Probate Law for a compassionate consultation. We are committed to crafting tailored estate plans that protect your legacy and ensure your wishes are honored.
“Steve Bliss made the complex process of setting up our family trust so much easier. He was patient, answered all our questions thoroughly, and truly listened to our concerns.” – Sarah M.
“I highly recommend San Diego Probate Law. Steve’s expertise in Special Needs Trusts gave me confidence that my son’s future would be secure.” – Michael P.
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: “Do I need a trust if I already have a will?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About San Diego Probate Law
| San Diego Living Trust Attorney |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Living Trust Attorney San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Living Trust Attorney |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| San Diego Living Trust Attorney |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Living Trust Attorney San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Credible Living Trust Attorney in San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |