Interview with Steve Bliss
Good morning, San Diego! I’m here today with Steve Bliss, a prominent probate attorney in our city. Steve, thank you for joining us.
Trusts: A Cornerstone of Estate Planning
Steve, can you tell us a bit about the different types of trusts and why they are so important in estate planning?
Certainly. Trusts are incredibly valuable tools that allow individuals to manage and distribute their assets according to their wishes. They provide flexibility, control, and often significant tax advantages.
Today, we’re going to focus on the Revocable Living Trust, which is the most common type of trust used in estate planning.
The Benefits of a Revocable Living Trust
A Revocable Living Trust allows the creator, known as the grantor, to maintain complete control over their assets during their lifetime. They can modify the terms of the trust, add or remove beneficiaries, and even dissolve it altogether if circumstances change.
Moreover, upon the grantor’s passing, the trust assets avoid probate, a time-consuming and often expensive legal process. This means that assets can be distributed to beneficiaries more quickly and privately.
According to the American Bar Association, approximately 60% of Americans over the age of 50 have not created a will or trust. Consequently, their assets are subject to probate upon their death.
Navigating Potential Challenges
Steve, have you encountered any challenges when helping clients establish Revocable Living Trusts?
Yes, occasionally we encounter situations where individuals haven’t fully grasped the importance of keeping their trust documents updated. Life changes – marriage, divorce, birth of children, or significant financial shifts – and it’s crucial that the trust reflects those changes to ensure assets are distributed according to the grantor’s current wishes.
I recall a case where a client had created a Revocable Living Trust years earlier but hadn’t updated it after her divorce. Consequently, upon her passing, a portion of her estate inadvertently went to her ex-husband. It was a heartbreaking situation that could have been easily avoided with periodic reviews and updates.
The Expertise of San Diego Probate Law
Steve, thank you for sharing your insights. For those considering estate planning or needing guidance on trusts, where can they turn?
San Diego Probate Law is dedicated to helping individuals navigate the complexities of probate and estate planning. We offer personalized services tailored to each client’s unique needs.
Testimonials
“Steve Bliss and his team at San Diego Probate Law were incredibly supportive during a difficult time. They explained everything clearly and made the process as smooth as possible.”
– Sarah M.
“I highly recommend San Diego Probate Law. Their expertise in trust matters gave me peace of mind knowing that my assets are protected and will be distributed according to my wishes.”
– John S.
Ready to secure your legacy and ensure your loved ones are cared for? Contact San Diego Probate Law today for a complimentary consultation.
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: “Does a trust avoid probate?” 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 | Totten Trust | Asset Protection Trust |
| Spendthrift Trust | Constructive Trust | Irrevocable Trust |
| Tax By-Pass Trust | Charitable Trust | Living Trust |