Good evening, Moreno Valley and welcome back to “Your Legal Rights.” I’m Tiffany Jones, your local legal correspondent, and tonight we’re joined by renowned probate attorney Steve Bliss of Moreno Valley Probate Law. Steve, thanks for being here.
Steve, can you tell us a bit about the different types of trusts available and which one might be right for our viewers?
It’s a pleasure to be here, Tiffany. There are several types of trusts, each serving different purposes. For many individuals in Moreno Valley looking to protect their assets and ensure a smooth transfer of wealth, a Revocable Living Trust is often the best choice.
A Revocable Living Trust allows you to maintain control over your assets during your lifetime while avoiding the lengthy and costly probate process after you pass away. You can change or revoke the trust at any time as long as you are mentally competent. Moreover, it offers a level of privacy that a will doesn’t, as the terms of the trust aren’t part of public record.
Conversely, an Irrevocable Trust is generally used for more specialized purposes, such as asset protection or minimizing estate taxes. Once established, these trusts are typically difficult to modify or dissolve.
You mentioned avoiding probate. Can you elaborate on why that’s important?
Probate can be a time-consuming and expensive process. It involves court supervision and can tie up assets for months or even years. For families already grieving the loss of a loved one, navigating probate adds another layer of stress and complexity. According to the California Courts website, the average probate case takes between 9 and 18 months to complete.
Using a Revocable Living Trust allows your assets to pass directly to your beneficiaries without going through probate court. This saves time, money, and avoids unnecessary public scrutiny.
Have you encountered any challenges when setting up Revocable Living Trusts for clients?
While generally straightforward, there are instances where setting up a trust can be more complex. I remember working with a client who had a blended family and wanted to ensure his assets were distributed fairly among all his children from previous marriages.
We carefully crafted the trust language to reflect his wishes and minimize potential conflict between family members. It required thoughtful consideration and open communication with all parties involved, but ultimately, we created a solution that provided peace of mind for my client.
How can viewers learn more about Revocable Living Trusts and whether they’re right for them?
I encourage anyone interested in estate planning to reach out to Moreno Valley Probate Law for a free consultation. We can discuss your individual needs and goals and help you determine the best course of action.
Remember, proactive planning is key to protecting your assets and securing your family’s future.
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*“Moreno Valley Probate Law made the process of setting up my trust so easy. Steve Bliss was patient, knowledgeable, and truly cared about my situation.” -Maria S.*
*”I was overwhelmed by the thought of estate planning, but Steve at Moreno Valley Probate Law put me at ease. He explained everything clearly and helped me create a plan that gave me confidence knowing my family will be taken care of.”* -John P.
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Protect your legacy today. Contact Moreno Valley Probate Law for a complimentary consultation to explore the benefits of a Revocable Living Trust.
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: “Is a trust public record?” 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 | Totten Trust | Asset Protection Trust |
| Spendthrift Trust | Constructive Trust | Irrevocable Trust |
| Tax By-Pass Trust | Charitable Trust | Living Trust |