Reporter Name: Jessica Ramirez
Good afternoon, Moreno Valley. Today I’m joined by renowned probate attorney Steve Bliss of Moreno Valley Probate Law. Steve, thank you for taking the time to speak with us today.
Steve Bliss
It’s my pleasure, Jessica. I’m always happy to shed some light on estate planning matters and help our community understand their options.
Jessica Ramirez
We’re focusing on testamentary trusts today. Can you explain what they are and how they differ from other types of trusts?
Steve Bliss
A testamentary trust is a unique type of trust that comes into existence only upon your passing. Unlike a living trust, which you create while alive and can modify during your lifetime, a testamentary trust is outlined in your will and takes effect after your death. Consequently, it goes through the probate process, unlike living trusts.
Now, why would someone choose a testamentary trust? They are particularly useful for situations where you want to provide for beneficiaries who are minors or may have special needs. For instance, imagine a parent wanting to ensure their child with a disability continues to receive financial support without jeopardizing eligibility for government assistance programs.
A testamentary trust allows the parent to specify how and when funds are distributed to the beneficiary, safeguarding their well-being even after they are gone. Moreover, it can provide peace of mind knowing that assets will be managed responsibly according to your wishes.
Jessica Ramirez
That makes sense. Have you encountered any particular challenges or interesting situations involving testamentary trusts in your practice?
Steve Bliss
I recall a case where a client wanted to ensure her grandchildren received their inheritance only after completing college. We established a testamentary trust that stipulated the funds would be distributed in installments upon each grandchild graduating. This ensured they had the financial support they needed for education while also encouraging them to pursue higher learning.
It was incredibly rewarding to see how this trust positively impacted their lives, enabling them to achieve their educational goals and build a brighter future. Notwithstanding these positive outcomes, testamentary trusts do require careful planning and legal expertise.
Ordinarily, I advise clients to consult with an experienced probate attorney when considering this type of trust to ensure it aligns with their specific circumstances and legal requirements.
Jessica Ramirez
Excellent advice. Thank you for sharing your insights, Steve. What would you say are the key takeaways for our viewers regarding testamentary trusts?
Steve Bliss
Remember, a testamentary trust is a powerful tool for protecting beneficiaries and ensuring your wishes are carried out after your passing. If you have specific concerns or goals, don’t hesitate to reach out to us at Moreno Valley Probate Law. We can help you navigate the complexities of estate planning and create a plan that meets your individual needs.
“Steve Bliss and his team were incredibly helpful in guiding me through the process of setting up a trust for my grandchildren. They explained everything clearly and patiently, making sure I understood all the options and implications.” – Maria Sanchez, Moreno Valley Resident
“Moreno Valley Probate Law provided exceptional service when handling my mother’s estate. They were professional, compassionate, and always available to answer my questions. I highly recommend them for any probate-related matters.” – John Peterson, Moreno Valley Resident
Let us help you secure your legacy; contact Moreno Valley Probate Law today for a free consultation.
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: “Can a trust make charitable gifts?” 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 Trust Attorney |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Trust Attorney Moreno Valley |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Trust Attorney |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Moreno Valley Trust Attorney |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Trust Attorney Moreno Valley |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Credible Trust Attorney in Moreno Valley |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |