Hello Moreno Valley and welcome back! Today we’re talking with Steve Bliss, a local probate attorney right here in Moreno Valley. Steve, thanks so much for joining us today.
Why Should Someone Consider a Trust?
You’re welcome. It’s great to be here. Trusts are an incredibly important tool for estate planning. They offer a variety of benefits depending on your individual needs and goals. A trust allows you to control how your assets are distributed after your passing, ensuring they go to the people or organizations you choose.
Let’s Dive into a Specific Type: The Irrevocable Trust
Today, we’re going to focus on irrevocable trusts. These trusts, as the name suggests, cannot be easily changed or dissolved once they are created. Consequently, they offer significant benefits for asset protection and estate tax planning.
With an irrevocable trust, you transfer ownership of assets into the trust. Those assets are then managed by a trustee according to the terms you set forth in the trust document. This separation of ownership can shield your assets from creditors or lawsuits, providing peace of mind. Moreover, irrevocable trusts can be structured to minimize estate taxes, ensuring more of your wealth passes on to your beneficiaries.
Challenges with Irrevocable Trusts?
While highly effective, irrevocable trusts do require careful planning and consideration. Once the trust is established, it’s generally very difficult to make changes. For example, I once had a client who wanted to add a new beneficiary to their irrevocable trust after it was already created. Because of the irrevocable nature, we had to explore more complex legal solutions, which ultimately took longer and cost more.
It’s crucial to work with an experienced attorney who can help you determine if an irrevocable trust is right for your situation and guide you through the process carefully. Remember, according to the American College of Trust and Estate Counsel, approximately 75% of Americans lack a basic estate plan.
Moreno Valley Probate Law: A Trusted Resource
Steve Bliss, thank you for sharing this valuable information with us today. How can our viewers connect with you?
“Steve Bliss helped me navigate the complex world of probate after my mother passed away. His knowledge and compassion were invaluable during a difficult time.” – Maria S.
“Moreno Valley Probate Law made estate planning easy to understand. I feel confident knowing my family is protected.” – John D.
Protect your legacy and the future of your loved ones. Contact Moreno Valley Probate Law today for a free consultation and discover how we can help you create a personalized plan that meets your unique needs.
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 is a special needs trust?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About Moreno Valley Probate Law
- Special Needs Trust Attorneys
- Spendthrift Trust Attorneys
- Tax By-Pass Trust Attorneys
- Totten Trust Attorneys
- Constructive Trust Attorneys
- Charitable Trust Attorneys
- Asset Protection Trust Attorneys
- Irrevocable Trust Attorneys
- Revocable Trusts Attorneys
- Living Trust Attorneys