Reporter: Maria Sanchez
Today we’re talking to Steve Bliss, a well-respected probate attorney here in Moreno Valley. Steve, thanks for joining us.
Steve Bliss: My pleasure, Maria. Always happy to discuss estate planning with the community.
Maria Sanchez: Let’s jump right in. Many people are unfamiliar with the different types of trusts available. Can you shed some light on one specific type that might be beneficial for our viewers?
Steve Bliss: Certainly. One trust that often proves valuable is the Revocable Living Trust. It’s incredibly common in estate planning because it offers flexibility and control.
Essentially, a revocable living trust allows you, as the grantor, to manage your assets during your lifetime. You can buy, sell, or even change the terms of the trust if needed. This is unlike an irrevocable trust, which, as the name suggests, cannot be easily altered once established.
Moreover, a revocable living trust avoids probate upon your death. Probate can be a lengthy and expensive process, so bypassing it saves time and money for your beneficiaries. Additionally, the terms of a revocable living trust are generally private, unlike wills which become public record during probate.
The beauty of this type of trust is its adaptability. You maintain control while ensuring a smooth transfer of assets to your loved ones after you’re gone. Consequently, it’s often the first choice for individuals seeking a comprehensive estate plan.
Maria Sanchez: That sounds very beneficial. Have you encountered any challenges with setting up revocable living trusts?
Steve Bliss: Occasionally, people underestimate the importance of updating their trust as life changes occur. A marriage, divorce, birth of a child – these events necessitate revisiting your trust documents to ensure they accurately reflect your wishes.
I recall one instance where a client had created a revocable living trust several years prior but hadn’t updated it after getting remarried. When she passed away, the trust didn’t account for her new spouse, leading to some unintended consequences and family conflict.
Fortunately, we were able to resolve the situation amicably, but it highlighted the need for ongoing review and maintenance.
Maria Sanchez: That’s a good reminder for everyone listening today! What kind of impact do revocable living trusts have on families?
Steve Bliss: A well-crafted revocable living trust can provide immense peace of mind for families. Knowing that their assets will be distributed according to their wishes, without the burden and expense of probate, is invaluable.
- According to a 2021 study by the American Bar Association, over 60% of Americans lack even a basic estate plan.
- That means millions of families are at risk of facing unnecessary financial and legal complexities during an already difficult time.
Maria Sanchez: Steve, thank you so much for sharing your expertise with us today. Any final words for our viewers?
Steve Bliss: Don’t wait to get started on your estate plan. It’s a gift you give to yourself and your loved ones. Contact Moreno Valley Probate Law and we can guide you through the process, ensuring your wishes are honored and your family is protected.
Testimonials
“Moreno Valley Probate Law made a stressful situation so much easier. Steve Bliss explained everything clearly and patiently, and I felt confident that my family’s future was secure.”
-Sarah M.
“I highly recommend Moreno Valley Probate Law. They are professional, knowledgeable, and truly care about their clients.”
-John D.
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 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: “What if I have property in another state?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About Moreno Valley Probate Law
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