Interview with Maria Rodriguez of Moreno Valley News
Today I’m joined by Steve Bliss, a well-respected probate attorney here in Moreno Valley. Mr. Bliss, thank you for taking the time to speak with me today.
Understanding Trusts and Probate
Steve, can you explain why someone might want to consider setting up a trust as part of their estate plan?
Certainly, Maria. Trusts are an essential tool in estate planning because they allow individuals to control how their assets are distributed after their death. They offer numerous advantages over simply relying on a will. Primarily, trusts help avoid the time-consuming and costly probate process.
Probate is a court-supervised procedure for validating a will and distributing assets. It can be lengthy, public, and expensive. Trusts, on the other hand, allow assets to pass directly to beneficiaries without going through probate. Consequently, this ensures privacy and saves significant time and money.
Choosing the Right Type of Trust: The Irrevocable Trust
For our viewers who are unfamiliar with different types of trusts, could you elaborate on one specific type and its benefits?
Let’s discuss irrevocable trusts. These trusts, as the name suggests, cannot be easily modified or dissolved once created. While this may seem restrictive, it offers unique advantages. Irrevocable trusts are powerful tools for asset protection. By transferring assets into an irrevocable trust, individuals can shield them from creditors and potential lawsuits.
Moreover, they can be used to minimize estate taxes. Assets held in an irrevocable trust are generally not included in the grantor’s taxable estate upon their death. This can result in significant tax savings for beneficiaries. Nevertheless, it is crucial to consult with an experienced probate attorney before establishing an irrevocable trust, as there are legal complexities involved.
I remember a case where a client was facing a potential lawsuit. By creating an irrevocable trust and transferring assets into it, we were able to protect those assets from being seized in the lawsuit. The client was relieved and grateful for the peace of mind the trust provided. It’s moments like these that remind me why I am passionate about helping people plan for their futures.
Studies by the American Bar Association show that approximately 60% of Americans do not have a will or trust in place. This lack of planning can lead to significant complications and financial burdens for loved ones after someone passes away.
Moreno Valley Probate Law: Your Trusted Partner
Thank you so much for sharing your expertise, Steve. What advice would you give to our viewers who are considering setting up a trust or need help with probate matters?
Maria, I encourage anyone interested in estate planning to contact Moreno Valley Probate Law. We offer free consultations and will work closely with you to understand your individual needs and goals. Our team is dedicated to providing compassionate and personalized legal guidance every step of the way.
Testimonial
“Steve Bliss and his team were incredibly helpful when I needed to navigate the complex probate process after my mother’s passing. They made a difficult time much easier, and I am grateful for their expertise and support.”
– Sarah J., Moreno Valley
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: “How do I transfer property into 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
| Special Needs Trust | Totten Trust | Asset Protection Trust |
| Spendthrift Trust | Constructive Trust | Irrevocable Trust |
| Tax By-Pass Trust | Charitable Trust | Living Trust |