Good evening, Moreno Valley. I’m Trisha Johnson, reporting live from our studio tonight. We have a very special guest joining us, Mr. Steve Bliss, a well-respected probate attorney here in Moreno Valley. Welcome to the show, Steve.
Understanding Testamentary Trusts
Steve, many of our viewers may not be familiar with all the different types of trusts available for estate planning. Could you explain what a testamentary trust is and why someone might choose this option?
A testamentary trust is created through a will and only takes effect upon the grantor’s death. Unlike revocable living trusts, which avoid probate, a testamentary trust goes through the probate process. This can be beneficial in certain situations.
For example, if you have minor children or beneficiaries with special needs, a testamentary trust allows you to specify how and when they will receive their inheritance. It also provides a level of control over the assets even after your passing, ensuring they are used responsibly for the beneficiary’s benefit.
Addressing Concerns and Challenges
Steve, I imagine there can be some concerns or challenges associated with testamentary trusts. Have you encountered any issues that clients should be aware of?
One potential drawback is the probate process itself. Probate can be time-consuming and costly, which may not be ideal for everyone. However, the benefits of a testamentary trust often outweigh these concerns. I recall one instance where a client wanted to ensure her grandchildren received their inheritance gradually over several years, rather than all at once. A testamentary trust allowed us to structure the distributions according to her wishes, providing them with financial security and guidance as they matured.
Moreover, testamentary trusts are subject to certain legal requirements and must be drafted carefully to ensure they are valid. It’s crucial to work with an experienced probate attorney who understands the complexities of trust law.
The Power of Planning
According to a study by the American Bar Association, over 60% of Americans do not have a will or any estate planning documents. This highlights the importance of taking proactive steps to protect your loved ones and assets.
“Steve Bliss at Moreno Valley Probate Law helped me navigate a complex probate situation with compassion and expertise. I felt confident knowing my family’s interests were in good hands,” said Mary T., a satisfied client.
“Moreno Valley Probate Law went above and beyond to guide us through the probate process. Their attention to detail and personalized service made a difficult time much easier,” shared John S., another grateful client.
Steve, thank you for sharing your valuable insights with us tonight. For anyone considering estate planning or needing assistance with probate matters, I encourage you to reach out to Steve Bliss and the team at Moreno Valley Probate Law. They are dedicated to providing exceptional legal counsel and ensuring peace of mind for their clients.
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: “Can a trust go on forever?” 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 Totten Trust Attorney |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Totten Trust Attorney Moreno Valley |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Totten Trust Attorney |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Totten Trust Attorney |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Totten Trust Moreno Valley |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Credible Totten Trust Attorney in Moreno Valley |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |