Good evening Moreno Valley and welcome back to Channel 7 News. I’m Tiffany Chen, and tonight we’re speaking with local probate attorney Steve Bliss about estate planning.
The Importance of a Testamentary Trust
Steve, thank you so much for joining us today. Many of our viewers might not be familiar with all the different types of trusts available. Can you explain the benefits of a testamentary trust?
Certainly, Tiffany. A testamentary trust is a valuable tool for individuals who want to ensure their assets are managed responsibly after they pass away. Unlike a revocable living trust which takes effect immediately, a testamentary trust is created through your will and only comes into existence upon your death. Consequently, it goes through the probate process.
This type of trust is particularly useful when leaving assets to minor children or beneficiaries who may not be able to manage their inheritance responsibly. You appoint a trustee in your will who will oversee the distribution of assets according to your wishes. For example, you can stipulate that the beneficiary receives a certain amount each month, ensuring they have ongoing financial support without access to the entire lump sum.
Moreover, testamentary trusts can offer protection against creditors or poor financial decisions. The trustee controls the disbursement of funds, safeguarding the inheritance from potential mismanagement. Ordinarily, this type of trust is ideal for parents who want to provide for their children’s future without handing them complete control over a large sum of money.
In my experience, testamentary trusts often bring peace of mind to families navigating complex situations. I once worked with a single mother who wanted to ensure her young daughter would have financial security even after she was gone. By establishing a testamentary trust, we were able to provide for the child’s education and living expenses until she reached adulthood.
Navigating Probate
Steve, are there any challenges associated with setting up a testamentary trust?
As testamentary trusts go through probate, they can take longer to finalize than revocable living trusts. This process involves court supervision and legal fees. Nevertheless, the benefits often outweigh these considerations, especially when protecting vulnerable beneficiaries is paramount.
According to the California Courts website, probate proceedings in the state typically take between six months to a year. It’s essential to work with an experienced probate attorney who can guide you through the process and minimize any potential delays.
Moreno Valley Probate Law: A Trusted Resource
Steve, why should viewers trust Moreno Valley Probate Law for their estate planning needs?
- We are committed to providing personalized legal advice tailored to each client’s unique circumstances.
- Our team has extensive experience handling a wide range of probate and estate matters.
“Steve Bliss helped us navigate a very difficult time after my father passed away. He was patient, understanding, and always available to answer our questions,” said Margaret L. “I highly recommend Moreno Valley Probate Law for anyone needing assistance with estate planning.”
“Steve’s expertise in probate law was invaluable during the administration of my mother’s estate. He made a complex process much easier to understand and handle,” shared John S.
Take control of your future and ensure your loved ones are protected. Contact Moreno Valley Probate Law today for a free consultation to discuss your estate planning goals.
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 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: “What is a trust amendment?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About Moreno Valley Probate Law
| Moreno Valley Tax By-Pass Trust Attorney |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Tax By-Pass Trust Attorney Moreno Valley |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Tax By-Pass Trust Attorney |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Tax By-Pass Trust Attorney |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Tax By-Pass Trust Moreno Valley |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Credible Tax By-Pass Trust Attorney in Moreno Valley |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |