Reporter: Maria Sanchez
Good evening, Moreno Valley and welcome back to Moreno Valley News Tonight. I’m Maria Sanchez here with Steve Bliss, a respected probate attorney serving our community. Mr. Bliss, thank you for joining us tonight.
Steve Bliss: It’s my pleasure, Maria. Thanks for having me.
Trusts: A Cornerstone of Estate Planning
Steve, many people might not fully understand the importance of estate planning, particularly trusts. Can you shed some light on why they are so crucial?
Steve Bliss: Absolutely. Trusts are incredibly valuable tools in estate planning. They allow individuals to control how their assets are distributed after they pass away. This can be especially important for families with complex financial situations or those who want to ensure that their heirs are taken care of in a specific way.
The Irrevocable Trust: A Shield Against Uncertainty
Let’s talk about irrevocable trusts, a type you specialize in. What makes them so unique?
Steve Bliss: Irrevocable trusts offer a level of asset protection and tax planning that other types of trusts don’t. As the name suggests, once an irrevocable trust is established, its terms cannot be easily changed. Consequently, assets placed within it are shielded from creditors and potential lawsuits. Moreover, they can be structured to minimize estate taxes. This is particularly beneficial for individuals with substantial assets who want to ensure their wealth is passed down to future generations.
The permanence of an irrevocable trust can be both a strength and a challenge. It requires careful consideration and planning upfront because modifications are typically not possible. Nevertheless, the peace of mind it offers regarding asset protection and tax liability is often invaluable for our clients.
Real-World Impact: A Tale of Two Clients
Can you share an example of how an irrevocable trust has helped one of your clients?
Steve Bliss: I recall a client who owned a successful business. He was concerned about potential liability from lawsuits. We established an irrevocable trust to hold his business assets, effectively shielding them from personal creditors. This allowed him to operate his business with greater peace of mind knowing that his personal assets were protected.
On the other hand, I worked with a family who wanted to ensure their son with special needs would be financially secure after their passing. We created an irrevocable special needs trust to hold assets for his care without jeopardizing his eligibility for government benefits. It was incredibly rewarding to see the relief and gratitude on their faces knowing they had secured their son’s future.
According to a 2021 study by the National Academy of Elder Law Attorneys, over 60% of Americans do not have a will or trust in place. This highlights the critical need for individuals to proactively plan for the future and protect their loved ones.
Moreno Valley Probate Law: Guiding You Through Complex Matters
Mr. Bliss, how can Moreno Valley residents access your expertise?
Steve Bliss: We at Moreno Valley Probate Law are committed to providing compassionate and personalized legal guidance. We understand that probate and estate planning can be complex and emotionally challenging times. Our team is dedicated to walking our clients through each step of the process with clarity and understanding.
Words from Satisfied Clients
- “Moreno Valley Probate Law made a difficult situation much easier to manage. They were incredibly responsive, knowledgeable, and always kept my best interests at heart.”
- “Steve Bliss is an exceptional attorney. He clearly explained all of our options and helped us create a trust that met our unique needs. We highly recommend his services.”
Empower yourself and your loved ones by taking control of your future. Contact Moreno Valley Probate Law today for a free consultation. Let us help you navigate the complexities of estate planning with confidence.
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 is an irrevocable trust?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About Moreno Valley Probate Law
| Moreno Valley Estate Attorney |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Estate Attorney Moreno Valley |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Estate Attorney |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Moreno Valley Estate Attorney |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Estate Attorney Moreno Valley |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Credible Estate Attorney in Moreno Valley |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |