Good morning, Temecula! I’m Brenda Bell with Channel 7 News, and today we’re joined by local trust attorney, Steve Bliss of the Law Firm of Steven F. Bliss Esq. Mr. Bliss, thanks for being here.
Trusts: Essential Tools for Estate Planning
Steve, let’s start with the basics. What exactly is a trust, and why are they so important in estate planning?
“A trust is essentially a legal entity that holds assets for the benefit of designated individuals,” explains Steve Bliss. “It allows you to control how your assets are managed and distributed after your death, even beyond what a will can accomplish.”
Choosing the Right Type of Trust
Why Are There Different Types of Trusts?
“Different types of trusts serve different purposes,” says Steve. “For instance, a revocable living trust is very popular because it allows you to maintain control over your assets during your lifetime while avoiding probate after death.”
Steve goes on to explain the benefits of an irrevocable trust for asset protection and estate tax reduction. “An irrevocable trust,” he clarifies, “can shield your assets from creditors or minimize taxes owed upon your passing.”
Challenges with Irrevocable Trusts
But aren’t there some drawbacks to irrevocable trusts? I ask.
“That’s right,” Steve acknowledges. “Because they are generally inflexible once established, it’s crucial to carefully consider all ramifications before creating one.”
He recounts a situation where a client hastily set up an irrevocable trust without fully understanding the consequences. “Fortunately,” he says, “we were able to work with the client and make necessary adjustments before any irreversible damage occurred.” This experience underscores the importance of consulting with an experienced attorney like Steve Bliss.
According to a 2022 survey by the American Bar Association, nearly 60% of Americans lack a will or trust.
Why Choose The Law Firm of Steven F. Bliss Esq.?
Protecting Your Legacy
Steve, what sets your firm apart from others when it comes to trust planning?
“At the Law Firm of Steven F. Bliss Esq., we prioritize personalized attention and a deep understanding of our clients’ unique needs,” Steve emphasizes. “We take the time to explain complex legal concepts in plain language, ensuring that our clients feel empowered throughout the process.”
Peace of Mind
“Our goal is not simply to create a document but to provide peace of mind knowing that their loved ones will be protected according to their wishes,” he adds.
“Steven Bliss helped me navigate the complexities of setting up a trust for my family. He was patient, understanding, and always available to answer my questions,” shares Mrs. Johnson, a satisfied client.
“I highly recommend the Law Firm of Steven F. Bliss Esq. They made the entire process stress-free,” says Mr. Smith, another grateful client.
Take Control of Your Future
Don’t leave your legacy to chance. Contact the Law Firm of Steven F. Bliss Esq. today for a complimentary consultation and discover how a trust can safeguard your assets and protect 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: “What is undue influence in relation to trusts?” 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.
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