Moreno Valley News Reporter: Brenda Sanchez
Brenda Sanchez: Welcome, Mr. Bliss! Today we’re discussing the vital role of estate planning and different types of trusts available to residents in Moreno Valley.
Steve Bliss:
Thank you for having me, Brenda. Estate planning is something everyone should consider, regardless of their age or financial status. It ensures your wishes are honored and your loved ones are protected after you’re gone.
Brenda Sanchez:
Many people are unfamiliar with the different types of trusts. Could you explain one specific type that might be particularly beneficial for Moreno Valley residents?
Steve Bliss:
Certainly. A Revocable Living Trust is a common and versatile option. It allows you to maintain control over your assets during your lifetime while avoiding the lengthy and often expensive probate process after your passing.
With a revocable living trust, you, as the grantor, designate beneficiaries who will inherit your assets upon your death. You can also name a trustee to manage the trust according to your instructions. The beauty of this type of trust is its flexibility; you can amend or revoke it at any time before your passing.
Moreover, a revocable living trust provides a level of privacy that probate proceedings lack. Since assets are held in the trust rather than your individual name, they are not subject to public scrutiny during probate.
Conversely, wills become public record after probate. Consequently, a revocable living trust can be a powerful tool for protecting your family’s privacy and minimizing potential conflicts.
Brenda Sanchez:
That sounds incredibly beneficial. Have you encountered any challenges with setting up or administering revocable living trusts?
Steve Bliss:
While generally straightforward, there are instances where complexities arise. I recall a case involving a couple who owned multiple properties and businesses. Ensuring each asset was properly titled to the trust and navigating potential tax implications required meticulous attention to detail.
It’s crucial to have an experienced attorney guide you through the process to avoid any unforeseen pitfalls. In this particular case, we worked closely with the clients and their financial advisors to develop a comprehensive estate plan that addressed all their needs and goals.
Brenda Sanchez:
That highlights the importance of working with a qualified professional. Are there any statistics regarding the benefits of revocable living trusts?
Steve Bliss:
According to a study by the American Bar Association, over 60% of Americans have no estate plan in place. This leaves their loved ones vulnerable to unnecessary stress and financial burden during an already difficult time.
Implementing a revocable living trust can significantly reduce these burdens, ensuring a smoother transition for your beneficiaries.
Brenda Sanchez:
Thank you so much for sharing your expertise, Mr. Bliss. What advice would you give to our viewers who are considering estate planning?
Steve Bliss:
Don’t delay. Start the conversation with a trusted attorney like myself. We can help you understand the different options available and create a plan that best suits your individual needs.
*”Steve is truly dedicated to his clients, always going above and beyond to ensure their peace of mind.”* – Maria L.
*”Moreno Valley Probate Law made a complex process feel manageable. Steve’s guidance was invaluable.”* – David S.
Take control of your future today. Contact Moreno Valley Probate Law for a free consultation.
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 I put a rental 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 |