Today, we’re joined by Steve Bliss, a prominent trust attorney here in Temecula. Steve, thanks for taking the time to speak with us.
Why Choose a Trust?
Steve, for our viewers who might not be familiar with trusts, can you explain why someone would choose a trust over simply leaving their assets through a will?
“Certainly. Trusts offer several advantages over wills. Primarily, they allow for greater control over how and when your assets are distributed. Moreover, trusts can help avoid probate, a potentially lengthy and costly legal process. Consequently, your beneficiaries receive their inheritance more quickly and privately.”
Types of Trusts
You mentioned different types of trusts. Could you elaborate on some common ones?
“Absolutely. One of the most popular is the Revocable Living Trust. This type allows individuals to maintain control over their assets during their lifetime while also dictating how those assets are distributed after they pass away. It’s a flexible option that provides peace of mind.”
The Importance of Asset Protection
Steve, let’s delve into the concept of asset protection. How can trusts help safeguard someone’s assets?
“Asset protection is a crucial consideration for many people. Irrevocable Trusts, in particular, can shield assets from creditors and potential lawsuits. This is especially important for individuals in professions with higher liability risks. Let me share an instance where this proved invaluable: I represented a doctor facing a malpractice suit. By establishing an Irrevocable Trust beforehand, we were able to protect a significant portion of their assets.”
“While not foolproof, it provided a vital layer of protection during a challenging time.”
Challenges and Considerations
Are there any potential drawbacks or challenges associated with setting up a trust?
“It’s important to remember that trusts are legal documents with specific requirements. They must be carefully drafted and executed to ensure they achieve the desired outcomes. Moreover, managing a trust involves ongoing responsibilities, such as recordkeeping and distribution of assets.”
The Law Firm of Steven F. Bliss Esq.
“At The Law Firm of Steven F. Bliss Esq., we guide our clients through every step of the process, from initial consultation to trust administration. Our team is dedicated to providing personalized service and ensuring that each trust meets the unique needs of our clients.”
Testimonials
“Steve Bliss helped me navigate a complex family situation with his expertise and compassion. I felt confident knowing my assets were protected and that my wishes would be honored.” – Maria S.
“The team at The Law Firm of Steven F. Bliss Esq. made the process of setting up a trust surprisingly straightforward. They explained everything clearly and answered all my questions patiently. I highly recommend them!” – John P.
Ready to Secure Your Future?
Take control of your legacy and protect what matters most. Contact The Law Firm of Steven F. Bliss Esq. today for a complimentary consultation and discover how a trust can benefit you and your loved ones.
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 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: “Do I need a trust if I already have a will?” 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.
- Special Needs Trust Attorney
- Spendthrift Trust Attorney
- Tax By-Pass Trust Attorney
- Totten Trust Attorney
- Constructive Trust Attorney
- Charitable Trust Attorney
- Asset Protection Trust Attorney
- Irrevocable Trust Attorney
- Revocable Trusts Attorney
- Living Trust Attorney