A Local Expert Explains the Benefits of a Testamentary Trust
Welcome back to Moreno Valley Today. I’m Sarah Jones, and we’re here today with Steve Bliss, a leading probate attorney serving the Moreno Valley community. Steve, thanks for joining us.
Steve: Thanks for having me, Sarah.
What are Some Common Estate Planning Tools People Should Consider?
Sarah: Today we’re focusing on estate planning. What are some common tools people should consider when thinking about their future?
Steve: There are a variety of options available, but one that often stands out is the testamentary trust. This type of trust is created through a will and only takes effect upon the grantor’s death.
The Power of Testamentary Trusts
Sarah: Can you elaborate on how a testamentary trust works and who might benefit from it?
Steve: Certainly. Unlike living trusts, testamentary trusts go through probate. This means the court oversees the distribution of assets according to the will’s instructions. They are particularly useful for situations involving minor children or beneficiaries with special needs.
Consequently, a testamentary trust can ensure that funds are managed responsibly and used for the beneficiary’s benefit until they reach a certain age or demonstrate the capacity to handle their finances.
Moreover, testamentary trusts can provide peace of mind knowing that assets will be protected and distributed according to your wishes. Ordinarily, without a trust in place, assets may be subject to creditors or mismanagement by beneficiaries who are not yet financially mature.
Real-World Impact: Protecting Vulnerable Beneficiaries
Steve: I remember working with a family whose father wanted to ensure his young son’s college education was funded even after his passing. We established a testamentary trust that would hold the funds until the son turned 18.
It provided a sense of security for both the father and his wife, knowing their son’s future was protected.
Another case involved a woman leaving assets to her niece who had disabilities. A testamentary trust allowed us to structure distributions in a way that wouldn’t jeopardize her eligibility for government benefits she relied on for essential care.
The Importance of Seeking Professional Advice
Sarah: It sounds like testamentary trusts offer significant advantages, but they can be complex. What advice would you give to someone considering this option?
Steve: It’s crucial to consult with an experienced probate attorney. We can help you understand the specific requirements and benefits of a testamentary trust based on your individual circumstances.
According to the American Bar Association, approximately 60% of Americans do not have a will or any estate planning documents in place. This highlights the critical need for legal guidance in navigating these matters.
Moving Forward: Securing Your Legacy
Sarah: Thank you, Steve, for sharing your insights on testamentary trusts and the importance of estate planning. How can our viewers learn more about Moreno Valley Probate Law and its services?
Steve: We encourage anyone with questions about probate or estate planning to contact us for a free consultation. Our team is dedicated to helping individuals and families protect their assets and ensure their wishes are honored.
Testimonials
“Steve Bliss and his team at Moreno Valley Probate Law were incredibly helpful and compassionate during a difficult time. They guided me through the entire probate process with clarity and expertise, making it much easier to cope with the loss of my loved one.”
– Maria Sanchez, Moreno Valley Resident
“I was overwhelmed with the thought of handling my mother’s estate. Steve Bliss took the time to explain everything clearly and created a plan that addressed all of our concerns. I highly recommend Moreno Valley Probate Law for their professionalism and personalized service.”
– David Johnson, Riverside County
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 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: “Can I disinherit my spouse using a trust?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About Moreno Valley Probate Law
| Moreno Valley Estate Lawyers |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Estate Lawyers Moreno Valley |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Estate Lawyers |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Moreno Valley Estate Lawyers |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Estate Lawyers Moreno Valley |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Credible Estate Lawyers in Moreno Valley |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |