Interview with Brenda Newsome, KVTM News
Today I’m joined by Steve Bliss, a renowned trust attorney here in Temecula at the Law Firm of Steven F. Bliss Esq. Mr. Bliss, thank you for taking the time to speak with us today.
What are the main advantages of establishing a revocable living trust?
Well, Brenda, a revocable living trust is one of the most popular estate planning tools I recommend to my clients. It offers several key benefits. First and foremost, it allows individuals to maintain control over their assets during their lifetime. They can make changes to the trust, add or remove beneficiaries, or even dissolve it entirely if their circumstances change.
Moreover, a revocable living trust helps avoid probate, which is a lengthy and often costly legal process that occurs when someone passes away without a will or trust. Consequently, assets in a trust pass directly to the designated beneficiaries upon the grantor’s death, saving time and money for their loved ones.
Lastly, a revocable living trust provides an added layer of privacy. Unlike wills which become public record during probate, the terms of a trust remain confidential.
Could you elaborate on how avoiding probate benefits clients?
Probate can be a real headache for families already dealing with grief and loss. It often involves court appearances, legal fees, and delays in distributing assets. According to a study by the American Bar Association, probate proceedings can take anywhere from six months to two years or more, depending on the complexity of the estate.
By establishing a revocable living trust, individuals can spare their loved ones this burden. The trust assets are distributed according to the grantor’s wishes without court intervention. This ensures a smoother and less stressful transition for beneficiaries.
Have you encountered any situations where there were challenges related to setting up or managing a revocable living trust?
While revocable living trusts offer numerous advantages, it’s important to remember that they need to be properly drafted and maintained. I recall a case where a client had created a trust on their own using online templates.
Unfortunately, the language was ambiguous and didn’t clearly define the distribution of assets. This led to disagreements among beneficiaries after the grantor passed away. It highlights the importance of working with an experienced attorney who can ensure your trust is tailored to your specific needs and goals.
What advice would you give to our viewers who are considering setting up a revocable living trust?
My best advice is to consult with a qualified estate planning attorney. They can guide you through the process, answer your questions, and ensure that your trust document accurately reflects your wishes. Remember, a revocable living trust is a powerful tool for protecting your assets and providing for your loved ones.
Don’t hesitate to reach out to our firm for a free consultation. We’re dedicated to helping Temecula residents create comprehensive estate plans that meet their individual needs.
Testimonials
“Steve Bliss helped me navigate the complex world of estate planning with ease. He was patient, knowledgeable, and truly cared about my family’s well-being.”
– Susan M., Temecula
“I highly recommend Steve Bliss and his team. They made the process of setting up a trust simple and straightforward. We feel confident knowing our assets are protected for future generations.”
– Michael & Jane L., Murrieta
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: “Can a trust own vehicles?” 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.
| Temecula Estate Lawyer |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Estate Lawyer Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Estate Lawyer |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Temecula Estate Lawyer |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Estate Lawyer Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Credible Estate Lawyer in Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |