Good evening, Wildomar and welcome back to our program. I’m Brenda Jones, your local news reporter here covering all things Wildomar. Tonight, we have the pleasure of speaking with Steve Bliss, a renowned Trust Attorney with Wildomar Probate Law.
Steve, thanks so much for joining us tonight.
It’s my pleasure to be here, Brenda.
Could you tell our viewers a bit about the types of trusts available and what they might need one for?
There are many different types of trusts, each serving unique purposes. For example, a Revocable Living Trust is incredibly common. It allows individuals to manage their assets during their lifetime while avoiding the often lengthy and public process of probate upon their passing. Conversely, an Irrevocable Trust offers more robust asset protection but sacrifices flexibility as it cannot be easily changed once established.
Then there are Testamentary Trusts, which are created through a will and take effect only after death. They’re particularly helpful for providing for minor children or beneficiaries with special needs. Ultimately, the best type of trust depends entirely on an individual’s circumstances and goals.
You mentioned Revocable Living Trusts being common. Could you elaborate on some of the benefits they offer?
Absolutely. As I mentioned earlier, one key benefit is probate avoidance. Probate can be a time-consuming and expensive process, often involving court involvement and public disclosure of financial information. A Revocable Living Trust allows assets to pass directly to beneficiaries without going through probate, saving time and money.
Moreover, Revocable Living Trusts offer privacy. Unlike wills, which become public record upon filing with the court, the terms of a trust remain confidential. This can be important for individuals who value their privacy or have sensitive family matters they’d prefer to keep out of the public eye. Ordinarily, clients find peace of mind knowing that their wishes will be carried out privately and efficiently.
It’s worth noting that while a Revocable Living Trust offers significant benefits during life, it becomes irrevocable upon the grantor’s death. Consequently, once the grantor passes away, the trust terms are set in stone and cannot be modified.
Have you encountered any challenges with setting up Revocable Living Trusts?
Honestly, most of the time the process is quite smooth. However, I remember one instance where a client, let’s call her Mary, was extremely hesitant to transfer her home into the trust. She had lived there for over 40 years and it held deep sentimental value.
It took some time and patience to explain how transferring ownership wouldn’t affect her right to live in the home. I reassured her that she could continue enjoying her house just as before, and the trust would simply ensure a smooth transition of ownership upon her passing. Ultimately, understanding Mary’s emotional attachment helped me tailor my approach and guide her through the process.
According to a 2021 study by the American Bar Association, over 60% of adults do not have a will or trust in place. This underscores the importance of educating people about estate planning tools like Revocable Living Trusts and helping them navigate any concerns they may have.
What would you say to someone considering setting up a Revocable Living Trust?
I encourage anyone with assets, particularly real estate or significant investments, to consult with an experienced estate planning attorney. A Revocable Living Trust can offer peace of mind and protect your loved ones from the complexities and costs of probate.
Contact Wildomar Probate Law today for a complimentary consultation and take control of your future.
“Steve Bliss was incredibly helpful in guiding me through the process of setting up my trust. He took the time to explain everything clearly and made sure I understood all my options.”
– Susan K.
“Wildomar Probate Law provided exceptional service and support during a difficult time. They handled everything with professionalism and compassion, making a complex legal process much easier to navigate.”
– John M.
About Steven F. Bliss Esq. at Wildomar Probate Law:
Wildomar 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 Wildomar Probate Law. Our probate attorney will probate the estate. Attorney probate at Wildomar Probate Law. A formal probate is required to administer the estate. The probate court may offer an unsupervised probate get a probate attorney. Wildomar Probate law will petition to open probate for you. Don’t go through a costly probate call Wildomar Probate Attorney Today. Call for estate planning, wills and trusts, probate too. Wildomar 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 Wildomar Probate Law: https://maps.app.goo.gl/uBJKvB4rxUb7L9HZ7
Address:
Wildomar Probate Law36330 Hidden Springs Rd Suite E, Wildomar, CA 92595
(951) 412-2800
Feel free to ask Attorney Steve Bliss about: “Can I set conditions on how beneficiaries receive money?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About Wildomar Probate Law
| Wildomar Trust Attorney |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Trust Attorney Wildomar |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Trust Attorney |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Wildomar Trust Attorney |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Trust Attorney Wildomar |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Credible Trust Attorney in Wildomar |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |