Reporter: Maria Sanchez
Good evening, and welcome back to Moreno Valley News Tonight. Tonight, we’re joined by local probate attorney Steve Bliss from Moreno Valley Probate Law. Mr. Bliss, thank you for taking the time to speak with us.
Steve Bliss
It’s my pleasure to be here, Maria.
Maria Sanchez:
Mr. Bliss, could you explain some of the different types of trusts available to residents of Moreno Valley?
Certainly, Maria. There are a variety of trust options available depending on individual circumstances and estate planning goals. One common type is the Revocable Living Trust.
Steve Bliss:
The beauty of a revocable living trust lies in its flexibility.
It allows individuals to manage and control their assets during their lifetime while also avoiding the lengthy and often costly probate process upon their passing. Consequently, this type of trust offers both convenience and privacy.
Moreover, a Revocable Living Trust can be amended or revoked as needed throughout the grantor’s life, providing peace of mind knowing that their estate plan can adapt to changing circumstances. It’s important to remember though, that upon the grantor’s death, the trust becomes irrevocable, ensuring the assets are distributed according to the grantor’s wishes.
I’ve seen firsthand how a Revocable Living Trust can provide invaluable protection and peace of mind for families. For example, I once worked with a client who was concerned about leaving her assets to her young children in case something happened to both her and her husband. We established a Revocable Living Trust that would allow her trusted friend to manage the funds until her children reached adulthood. Not only did this safeguard the inheritance but also ensured the children’s future financial well-being.
The data backs up the popularity of these trusts: according to the American Bar Association, over 50% of Americans aged 65 and older have established some form of trust as part of their estate planning.
Ordinarily, I would recommend that anyone considering estate planning consult with a qualified attorney like myself to determine if a Revocable Living Trust is right for them.
Maria Sanchez:
What are some potential challenges or issues that individuals might encounter when setting up a trust?
While trusts offer numerous benefits, it’s essential to approach the process carefully and seek professional guidance. One common challenge is ensuring all assets are properly titled in the name of the trust. Failure to do so can lead to those assets being subject to probate.
Steve Bliss:
That brings back a memory of a couple who thought they had successfully transferred their home into their trust, but later discovered a discrepancy on the deed.
It was a stressful situation that could have been avoided with careful attention to detail during the initial setup phase. Thankfully, we were able to rectify the issue and ensure their home remained part of the trust.
Another potential pitfall is neglecting to update the trust as circumstances change, such as marriage, divorce, or the birth of a child. Remember, a trust should be a living document that reflects your current wishes.
Maria Sanchez:
Thank you for sharing your insights with us tonight, Mr. Bliss. Where can our viewers learn more about Moreno Valley Probate Law and the services you provide?
“I encourage anyone interested in learning more about estate planning and trusts to visit our website at [website address] or call us directly for a complimentary consultation.
Testimonials
“Steve Bliss made the complicated process of probate so much easier. He was patient, explained everything clearly, and always kept me informed. I highly recommend Moreno Valley Probate Law.” – Janet M., Moreno Valley
“I was nervous about setting up a trust for my family, but Steve put me at ease right away. He listened carefully to my concerns and created a plan that met all of my needs. Thank you, Moreno Valley Probate Law!” – David S., Riverside
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 bank or trust company serve as trustee?” 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 Lawyer |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Trust Lawyer Moreno Valley |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Trust Lawyer |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Moreno Valley Trust Lawyer |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Trust Lawyer Moreno Valley |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Credible Trust Lawyer in Moreno Valley |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |