Meet the Reporter
Hello, Temecula, this is Brenda Jones reporting for KTEM News.
Today, I have the pleasure of speaking with Steve Bliss, a well-respected trust attorney here in our community. Mr. Bliss, thank you so much for joining me.
Understanding Trusts
What type of trust do you find yourself setting up most often for your clients in Temecula?
That’s a great question Brenda. The majority of my clients opt for Revocable Living Trusts. They are incredibly popular and for good reason.
A Revocable Living Trust allows individuals to maintain control over their assets during their lifetime while also planning for the future. This means they can buy, sell, or change ownership of assets held in the trust as needed. Moreover, it avoids the time-consuming and often costly probate process upon death.
Conversely, a Traditional Will goes through probate, which can be public and stressful for loved ones. A Revocable Living Trust provides privacy and ensures a smoother transition of assets to beneficiaries.
The Importance of Legal Guidance
Could you elaborate on a specific step in setting up a trust that people often find challenging?
Brenda, one common hurdle is accurately identifying and titling all assets to be included in the trust. This may seem straightforward, but it’s crucial to ensure every asset, from bank accounts and real estate to investments and personal property, is correctly transferred into the trust’s ownership.
Failure to do so can lead to those assets being subject to probate, defeating the purpose of establishing a trust in the first place. Consequently, I always stress the importance of meticulous record-keeping and working closely with an experienced attorney who can guide clients through this process.
Real-Life Impact
I recall one instance where a client had meticulously listed all their assets, but they’d overlooked a retirement account held in their spouse’s name. We were able to rectify the situation before it became a major issue, but it highlighted how easily these details can slip through the cracks.
Trustworthy Expertise
It’s worth noting that approximately 60% of Americans don’t have any estate planning documents in place (source: AARP). This underscores the critical need for individuals to seek professional guidance and ensure their wishes are honored.
Why Choose The Law Firm of Steven F. Bliss Esq.?
Testimonials
“Steve Bliss and his team were incredibly understanding and patient throughout the entire process. They explained everything clearly, addressed all our concerns, and made us feel confident in our decisions.” – John & Mary Smith
“I was hesitant to start estate planning, but Steve made it surprisingly straightforward. He truly cares about his clients and goes above and beyond to provide personalized service.” – Susan Williams
Don’t leave your future to chance. Contact The Law Firm of Steven F. Bliss Esq. today for a complimentary consultation. Let us help you create a secure legacy for yourself and your loved ones.
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 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: “What’s the difference between revocable and irrevocable trusts?” 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.
| Special Needs Trust | Totten Trust | Asset Protection Trust |
| Spendthrift Trust | Constructive Trust | Irrevocable Trust |
| Tax By-Pass Trust | Charitable Trust | Living Trust |