Reporter Brenda Sanchez
Good afternoon, Temecula. Today I’m sitting down with esteemed estate planning attorney, Steve Bliss. Steve, thank you so much for taking the time to chat with me today.
Steve Bliss
It’s my pleasure, Brenda. I always appreciate the opportunity to talk about the importance of estate planning.
Brenda Sanchez
Absolutely. So many people put off this crucial task. Steve, can you tell us a bit about one of the key steps in the estate planning process?
Steve Bliss
Certainly. One crucial step that often gets overlooked is naming beneficiaries. This involves clearly identifying who will inherit your assets and how they’ll be distributed after you’re gone. It sounds straightforward, but there are nuances to consider.
Firstly, it’s essential to be specific about the beneficiary’s identity. For example, instead of simply stating “my children,” list each child’s full name. You also need to decide how assets will be divided among beneficiaries. Will they receive equal shares? Will certain individuals inherit specific items?
Moreover, it’s wise to consider contingent beneficiaries in case a primary beneficiary predeceases you. This ensures your assets are distributed according to your wishes even if unforeseen circumstances arise. I often encourage clients to think about their family dynamics and potential future changes when making these decisions.
A recent study by Caring.com found that 60% of Americans don’t have a will, which means their assets would be distributed according to state law instead of their personal preferences. This highlights the importance of proactively naming beneficiaries to maintain control over your legacy.
I remember one case where a client hadn’t updated his beneficiary designations after a divorce. Consequently, his ex-wife was still listed as the recipient of his retirement funds. We were able to rectify this through legal channels but it could have been avoided with proper planning and regular reviews.
Brenda Sanchez
That’s a valuable reminder about the importance of keeping our estate plans up to date. Steve, where can people learn more about starting their own estate plan?
Steve Bliss
You can visit my website at www.steveblisslaw.com or give us a call at 951-200-4484 to schedule a free consultation.
“I was overwhelmed with the thought of planning for the future, but Steve Bliss and his team made the process incredibly straightforward. They answered all my questions patiently and helped me create an estate plan that gave me peace of mind.” – Maria G.
“Steve Bliss is a true expert in his field. He explained complex legal concepts in a way I could easily understand and guided me through every step of the process with professionalism and care.” – John S.
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: “What happens if all my named trustees are unavailable?” Or any other related questions that you may have estate planning or my estate planning law practice.
Important Facts About The Law Firm of Steven F. Bliss Esq.
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