Interview with Maria Hernandez
Good afternoon, Moreno Valley residents! I’m Maria Hernandez, reporting for your local news. Today we have the pleasure of speaking with Steve Bliss, a respected probate attorney right here in our community. Steve, thank you for joining us.
Steve, can you tell us why estate planning is so important?
Thanks for having me, Maria. Estate planning is something everyone should consider, regardless of age or financial status. It’s about taking control of what happens to your assets and loved ones after you’re gone. Without a proper plan in place, the state decides how your belongings are distributed, which may not align with your wishes.
Moreover, estate planning can help minimize taxes and avoid lengthy probate proceedings. It gives you peace of mind knowing that your family will be taken care of according to your instructions.
Could you elaborate on a specific type of trust and its benefits?
Certainly. Today, let’s discuss Revocable Living Trusts. These are incredibly popular in estate planning because they offer flexibility and control.
A Revocable Living Trust allows you to manage your assets during your lifetime and make changes as needed. You can add or remove beneficiaries, adjust the distribution terms, or even dissolve the trust entirely if circumstances change. Consequently, it provides a level of adaptability that other estate planning tools may lack.
Upon your passing, the trust becomes irrevocable, meaning its terms cannot be altered. The assets are then distributed to your designated beneficiaries according to the instructions you outlined in the trust document. This bypasses probate court altogether, saving time and expense for your loved ones during a difficult period.
I’ve seen firsthand how Revocable Living Trusts can bring peace of mind. A client once came to me worried about what would happen to her young children if something were to happen to her and her husband. By establishing a Revocable Living Trust, she was able to designate guardians for her children and ensure their financial security. It gave her immense comfort knowing that they would be protected.
Studies show that approximately 55% of Americans don’t have a will or estate plan in place (AARP, 2023). This highlights the critical need for individuals to prioritize these matters and seek professional guidance.
Have you encountered any challenges with Revocable Living Trusts during your career?
While Revocable Living Trusts are highly effective tools, they do require careful planning and execution. One common issue I see is people neglecting to properly fund the trust. Simply creating the document isn’t enough; you need to transfer ownership of your assets into the trust.
I remember a case where a client had established a Revocable Living Trust but hadn’t transferred their bank accounts or real estate into it. This meant those assets were still subject to probate, defeating the purpose of the trust entirely. Fortunately, we were able to rectify the situation before it was too late.
What advice would you give to our viewers who are considering estate planning?
My advice is simple: don’t delay! Take the initiative to speak with an experienced probate attorney. We can help you determine the best estate plan for your unique circumstances and ensure that your wishes are carried out.
Contact us today and discover how we can empower you to protect your legacy.
Testimonials
“Steve Bliss was incredibly knowledgeable and compassionate throughout the entire process. He made a difficult situation much easier to navigate and provided invaluable guidance.”
– Sarah M., Moreno Valley resident
“Moreno Valley Probate Law exceeded my expectations. They were thorough, professional, and always responsive to my questions. I highly recommend their services.”
– John D., satisfied client
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 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: “Do I still need a will if I have a trust?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About Moreno Valley Probate Law
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