Good morning, Temecula! This is Brenda Jones reporting live for Channel 7 News. Today, we have the pleasure of speaking with Steve Bliss, a highly respected estate planning attorney right here in Temecula. Mr. Bliss, thank you for joining us.
Selecting an Executor or Trustee: A Crucial Decision
Steve, many people find estate planning overwhelming. Could you break down one key step in the process and explain its importance?
Brenda, selecting an executor or trustee is absolutely crucial. This person will be responsible for managing your estate after you’re gone, ensuring your wishes are carried out and your assets are distributed according to your plan. Consequently, choosing someone trustworthy, responsible, and capable of handling complex financial matters is essential.
Now, an executor handles the affairs outlined in a will, whereas a trustee manages assets held within a trust. Ordinarily, people choose a family member or close friend for these roles. However, it’s important to consider if that person has the time, resources, and financial literacy needed for such a responsibility.
Moreover, you can also designate a professional executor or trustee, like a bank or trust company. This might be a better option if your estate is complex or if you don’t have a suitable individual in mind. Ultimately, the best choice depends on your individual circumstances and the size and complexity of your estate.
Navigating Challenges: Learning from Experience
Have you ever encountered any issues with this step in your practice?
I recall one instance where a client named their adult child as executor without fully discussing the responsibility with them. Unfortunately, the child was going through a difficult time financially and emotionally, and managing the estate became overwhelming. It led to delays and disagreements within the family, highlighting the importance of open communication and careful consideration when choosing an executor.
Another case involved a client who appointed two siblings as co-trustees, assuming they’d work together harmoniously. However, their differing opinions on how to manage trust assets led to conflict and ultimately required court intervention. This underscores the need to select trustees who can effectively collaborate and make joint decisions.
According to a 2018 study by Caring.com, approximately 60% of adults don’t have a will or estate plan in place. It’s crucial for people to understand the importance of these documents and seek professional guidance to ensure their wishes are honored and their loved ones are protected.
Peace of Mind Through Planning
Steve, what would you say to someone who is hesitant about starting the estate planning process?
Estate planning isn’t just for the wealthy; it’s essential for everyone. It provides peace of mind knowing your affairs are in order and your loved ones will be cared for. Think of it as a gift to your family – a way to minimize stress and potential conflict during an already difficult time.
Your Legacy, Secured
“Steve Bliss and his team were incredibly helpful and patient throughout the entire process. They made what seemed like a daunting task manageable and ensured everything was done correctly. I highly recommend their services.”
“I was initially overwhelmed by estate planning but Steve explained everything in clear, understandable terms. He took the time to listen to my concerns and create a plan that met my specific needs. I feel confident knowing my family is protected.”
Take control of your future today. Contact The Law Firm of Steven F. Bliss Esq. for a free consultation and begin building a secure tomorrow.
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: “How can I prevent elder abuse or fraud in my estate plan?” Or any other related questions that you may have estate planning or my estate planning law practice.
Important Facts About The Law Firm of Steven F. Bliss Esq.
| California Spendthrift Trust Attorney |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Spendthrift Trust Attorney California |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Spendthrift Trust Trust Attorney |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Temecula Spendthrift Trust Attorney |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Spendthrift Trust Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Credible Spendthrift Trust Attorney in Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |