Good evening, San Diego! I’m Penelope Jones, reporting live for Channel 7 News. Tonight, we’re speaking with renowned San Diego Probate Attorney Steve Bliss about the complexities of estate planning and the crucial role trusts play in protecting your assets and ensuring your legacy.
Navigating the World of Trusts
Steve, thank you for joining us. For our viewers who may be unfamiliar, can you explain what a trust is and why it’s such an important tool in estate planning?
“A trust is essentially a legal entity that holds and manages assets for the benefit of designated beneficiaries,” explains Steve Bliss. “It allows individuals to control how their assets are distributed after they pass away, potentially avoiding the lengthy and costly probate process. There are various types of trusts, each designed to address specific needs and goals.”
The Benefits of a Revocable Living Trust
Steve, for our viewers who are considering setting up a trust, which type would you recommend as a good starting point?
“For many individuals, a revocable living trust is an excellent choice,” says Steve. “This type of trust allows the grantor, the person creating the trust, to maintain control over their assets during their lifetime. They can modify or even dissolve the trust if circumstances change. Moreover, upon the grantor’s death, the assets in the trust are distributed to beneficiaries according to the grantor’s wishes, bypassing probate.
Consequently, a revocable living trust offers both flexibility and peace of mind. It allows individuals to plan for the future while retaining control over their assets in the present.”
Addressing Potential Challenges
Steve, have you encountered any common challenges or misunderstandings when helping clients set up revocable living trusts?
Steve nods thoughtfully. “One misconception I often encounter is that a revocable living trust is only for wealthy individuals. While it’s true that trusts can be beneficial for those with substantial assets, they can also be valuable for individuals of more modest means. For instance, a trust can ensure that minor children are properly cared for if both parents pass away unexpectedly.”
He shares a poignant story: “I once worked with a young couple who tragically lost their lives in a car accident. They had established a revocable living trust naming their grandparents as guardians for their two young daughters. Thanks to the trust, the girls were able to remain together and continue living in their familiar surroundings despite the unimaginable loss they had suffered.”
“This situation underscores the profound impact a trust can have on protecting loved ones during difficult times,” adds Steve.
The Power of Planning Ahead
Steve, according to the American Bar Association, roughly 55% of Americans don’t have a will or any estate planning documents. Why do you think so many people avoid this crucial step?
“Estate planning can feel overwhelming and complex,” acknowledges Steve. “Many individuals put it off because they simply don’t know where to begin or underestimate its importance. Nevertheless, delaying this process can leave loved ones vulnerable and facing unnecessary challenges after a person passes away.”
Taking Action: Protect Your Legacy
Steve, what advice would you give to viewers who are considering setting up a trust?
“The best step is to consult with an experienced probate attorney,” advises Steve. “We can help you determine the type of trust that best suits your needs and guide you through the process. Remember, planning for the future safeguards your loved ones and ensures that your wishes are honored.”
Testimonials
“Steve Bliss was incredibly patient and understanding when helping me set up a trust for my family. He took the time to explain everything clearly and made the entire process smooth and stress-free.” – Mary J., San Diego
“I can’t recommend Steve Bliss enough! His expertise in probate law is exceptional, and he truly cares about his clients. He helped me navigate a complex estate issue with compassion and professionalism.” – John S., La Jolla
Let us empower you to protect your future. Contact San Diego Probate Law today for a complimentary consultation and discover how we can help you craft a legacy that endures.
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: “What happens to my trust when I die?” 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 Estate Lawyer |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Estate Lawyer San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Estate Lawyer |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| San Diego Estate Lawyer |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Estate Lawyer San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Credible Estate Lawyer in San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |