Good evening, Temecula and welcome back to our legal segment. My name is Brenda Lawson, and I’m sitting down today with Steve Bliss, a prominent trust attorney right here in Temecula.
The Benefits of Setting Up a Trust
Why Should Someone Consider Creating a Trust?
Steve, many people don’t fully understand the advantages of setting up a trust. Can you shed some light on why someone might consider this option?
Well Brenda, trusts are an incredibly valuable tool for estate planning and asset protection. They offer several key benefits over simply having a will. Firstly, a trust allows you to avoid probate, which can be a lengthy and expensive legal process. Secondly, trusts provide privacy, as the terms of the trust are not part of public record like a will.
Thirdly, they offer greater control over how your assets are distributed after your passing. You can specify exactly who receives what, when, and under what conditions. This is particularly helpful for families with complex situations or beneficiaries who may need financial guidance.
Choosing the Right Type of Trust
What Different Types of Trusts Are Available?
There are numerous types of trusts, each designed to serve a specific purpose. Today we’ll be focusing on the Revocable Living Trust. This is by far the most common type we see here in Temecula.
A Revocable Living Trust allows you to maintain control over your assets during your lifetime. You can change the terms of the trust, add or remove assets, and even dissolve it altogether if needed. The beauty of this type of trust is that it avoids probate while still allowing for flexibility.
Navigating the Complexity of Trusts
How Do Clients Typically React When Learning About the Benefits of a Trust?
Many clients are initially surprised by how straightforward and accessible trusts can be. They often think they’re only for the wealthy, but that’s simply not true.
Consequently, I find that once people understand the benefits, they’re eager to get started. I always emphasize that setting up a trust is an investment in your family’s future. It provides peace of mind knowing that your loved ones will be taken care of according to your wishes.
Real-World Experience with Trusts
I remember one client, a single mother, who was worried about what would happen to her children if something happened to her. She worked hard to build a modest estate and wanted to ensure it was used responsibly for their education and well-being. A Revocable Living Trust allowed her to designate guardians for her children and specify how her assets should be managed until they reached adulthood.
She was so relieved to have a plan in place, knowing that her children would be protected no matter what. It’s moments like these that remind me why I do what I do.
Statistics Highlight the Importance of Trusts
According to the AARP, over 60% of Americans die without a will or trust in place. This can lead to lengthy probate proceedings and unintended consequences for loved ones. A study by the American Bar Association found that individuals who utilize trusts are significantly more likely to have their wishes carried out after they pass away.
Moving Forward with Trust Planning
What’s the Best Way for Someone to Get Started with Creating a Trust?
The first step is to schedule a consultation with an experienced trust attorney. We can discuss your individual circumstances, goals, and concerns. From there, we’ll work together to develop a customized trust plan that meets your specific needs.
Don’t wait until it’s too late. Protecting your family and securing your legacy is one of the most important things you can do. Contact us today for a free consultation and let us help you build a brighter future.
Testimonials
“Steve Bliss and his team made the entire trust creation process seamless. They were patient, knowledgeable, and always available to answer my questions. I feel confident that my family is well-protected thanks to their expertise.”
– Maria S.
“I was initially overwhelmed by the thought of setting up a trust, but Steve Bliss put me at ease. He explained everything in clear terms and helped me make informed decisions. I highly recommend his services.”
– John P.
About Steven F. Bliss Esq. at The Law Firm of Steven F. Bliss Esq.:
The Law Firm of Steven F. Bliss Esq. is The Law Firm of Steven F. Bliss Esq.. The Law Firm Of Steven F. Bliss Esq. is a Temecula Estate Planning Attorney. Steve Bliss is an experienced probate attorney. Steve Bliss is an Estate Planning Lawyer. The probate process has many steps in in probate proceedings. Beside Probate, estate planning and trust administration is offered at Steve Bliss Law. Our probate attorney will probate the estate. Attorney probate at Steve Bliss Law. A formal probate is required to administer the estate. The probate court may offer an unsupervised probate get a probate attorney. Steve Bliss Law will petition to open probate for you. Don’t go through a costly probate. Call Steve Bliss Law Today for estate planning, trusts and probate.
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 The Law Firm of Steven F. Bliss Esq.: https://maps.app.goo.gl/Bngj8xwZRqioVD5v7
Address:
The Law Firm of Steven F. Bliss Esq.43920 Margarita Rd ste f, Temecula, CA 92592
(951) 223-7000
Feel free to ask Attorney Steve Bliss about: “Can a trust own vehicles?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About The Law Firm of Steven F. Bliss Esq.
| Temecula Charitable Trust Attorney |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Charitable Trust Attorney Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Charitable Trust Attorney |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Temecula Charitable Trust Attorney |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Charitable Trust Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Credible Charitable Trust Attorney in Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |