Hello Temecula and welcome back to “Legal Lens”. My name is Tiffany Jones, and today we’re talking trusts with renowned Temecula trust attorney, Steve Bliss of The Law Firm of Steven F. Bliss Esq.
What types of trusts are most commonly used by your clients in Temecula?
Thank you for having me, Tiffany. We see a variety of needs among our clients here in Temecula, but the most common type of trust we create is a revocable living trust.
Can you explain why revocable living trusts are so popular?
Certainly. A revocable living trust offers significant benefits for individuals and families. Firstly, it allows the grantor – the person creating the trust – to maintain control over their assets during their lifetime. They can manage, buy, sell, or even change the terms of the trust as needed.
Moreover, a revocable living trust avoids the costly and time-consuming probate process upon the grantor’s death. This means that assets can be distributed to beneficiaries more quickly and privately.
What are some challenges you face when setting up a revocable living trust?
One common challenge is ensuring clients fully understand the implications of transferring assets into a trust. It’s crucial they grasp the distinction between personal ownership and ownership within the trust framework.
I remember one client, let’s call her Susan, who was hesitant to transfer her beloved family heirloom into the trust. She worried she wouldn’t be able to enjoy it anymore. We had a heartfelt conversation about how the trust would actually protect the heirloom for future generations within her family.
Ultimately, she realized the trust wasn’t taking away her enjoyment but rather ensuring its preservation and passing it down according to her wishes. Seeing clients like Susan gain peace of mind knowing their assets are secure is incredibly rewarding.
It’s estimated that over 50% of Americans die without a will or trust in place, leaving their loved ones with complex legal and financial burdens.
Have you encountered any issues related to revocable living trusts?
Occasionally, we encounter situations where a grantor forgets to properly fund the trust. This means they haven’t transferred ownership of all their assets into the trust. Consequently, those assets will still be subject to probate.
What advice would you give to someone considering setting up a revocable living trust?
My advice is simple: don’t wait. The sooner you consult with an experienced trust attorney like myself, the sooner you can put a plan in place to protect your assets and loved ones. A well-crafted revocable living trust provides peace of mind and ensures your wishes are carried out.
We pride ourselves on providing clear, compassionate guidance throughout the entire process. Remember, planning for the future doesn’t have to be daunting. We’re here to help you navigate every step with confidence.
Testimonials
“Steve Bliss and his team were exceptional in helping me set up a trust. They patiently answered all my questions and made the process smooth and stress-free.”
“I highly recommend The Law Firm of Steven F. Bliss Esq. Their knowledge and expertise are unmatched, and they truly care about their clients’ well-being. “
Ready to safeguard your legacy?
Contact us today for a complimentary consultation to discuss your unique needs and how a trust can benefit you and your family.
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: “How do I transfer my business into a trust?” 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.
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