Interviewer:
Good afternoon, San Diego and welcome back to our legal series. Today we’re joined by local probate attorney Steve Bliss. Steve, thanks for being here.
Steve Bliss:
It’s a pleasure to be here. Happy to shed some light on estate planning.
Interviewer:
Let’s talk about Testamentary Trusts. Can you explain what these are and why someone might consider using one?
Steve Bliss:
Certainly. A Testamentary Trust is created through your will and only takes effect after your passing. Unlike a living trust, it goes through probate. Now, this might sound like a drawback, but there are situations where a Testamentary Trust is the ideal solution.
Imagine you have minor children or beneficiaries who may not be financially responsible. A Testamentary Trust allows you to dictate how and when your assets are distributed, ensuring their well-being even after you’re gone. You can specify things like educational expenses, a certain age they need to reach before receiving full control, or even conditions they must meet.
Moreover, Testamentary Trusts offer creditor protection. The assets held within the trust are shielded from potential claims against your beneficiaries. This provides peace of mind knowing their inheritance is safeguarded.
Interviewer:
That’s incredibly helpful information. Have you ever encountered any challenges with Testamentary Trusts in your practice?
Steve Bliss:
While Testamentary Trusts are powerful tools, they require careful planning and execution. I recall a case where a client neglected to clearly outline the distribution terms for their trust assets. This led to disputes among family members after their passing, creating unnecessary stress and heartache during an already difficult time.
Consequently, meticulous attention to detail is crucial when setting up a Testamentary Trust. It’s essential to work with an experienced probate attorney who can guide you through the process and ensure your wishes are accurately reflected in the legal documentation.
It’s important to remember that over 60% of Americans don’t have a will or estate plan, according to a recent study by Caring.com.
Interviewer:
What advice would you give to our viewers who are considering a Testamentary Trust?
Steve Bliss:
My advice is simple: consult with an experienced probate attorney. We can help you determine if a Testamentary Trust aligns with your specific needs and goals. We’ll guide you through the process, ensuring your wishes are respected and your loved ones are protected.
“Steve Bliss and San Diego Probate Law were instrumental in helping me navigate the complexities of setting up a trust for my children. They were compassionate, knowledgeable, and always available to answer my questions.” – Margaret S.
“I was overwhelmed by the thought of estate planning but Steve Bliss made the process clear and straightforward. He truly cares about his clients and goes above and beyond to provide exceptional service.” – David L.
Discover Peace of Mind for Your Future
Don’t leave your legacy to chance. Contact San Diego Probate Law today for a free consultation and let us help you create a secure future for yourself and your loved ones.
About Steven F. Bliss Esq. at San Diego Probate Law:
Secure Your Family’s Future with San Diego’s Trusted Trust Attorney. Minimize estate taxes with stress-free Probate. We craft wills, trusts, & customized plans to ensure your wishes are met and loved ones protected.
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 San Diego Probate Law:
Address:
San Diego Probate Law3914 Murphy Canyon Rd, San Diego, CA 92123
(858) 278-2800
Map Link: https://g.co/kgs/WzT6443
Feel free to ask Attorney Steve Bliss about: “What is an irrevocable trust?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About San Diego Probate Law
| Special Needs Trust | Totten Trust | Asset Protection Trust |
| Spendthrift Trust | Constructive Trust | Irrevocable Trust |
| Tax By-Pass Trust | Charitable Trust | Living Trust |