Good evening Moreno Valley and welcome back to Channel 7 News. I’m your host, Sarah Miller, and tonight we’re talking about estate planning with local expert Steve Bliss of Moreno Valley Probate Law. Steve, thanks for joining us.
Choosing the Right Trust: A Testamentary Trust Explained
Steve, there are many different types of trusts available to Californians. Can you help our viewers understand which type might be right for them? For instance, what are the benefits of a Testamentary Trust?
Certainly, Sarah. A Testamentary Trust is established through a will and only becomes effective upon the grantor’s passing. Consequently, it goes through probate, unlike a living trust. Now, this might seem like a drawback, but testamentary trusts are incredibly useful in specific situations.
For example, let’s say you have minor children. A Testamentary Trust can hold assets for them until they reach a certain age, ensuring responsible financial management during their formative years. Moreover, it can provide for beneficiaries with special needs without jeopardizing their eligibility for government assistance programs.
I’ve seen firsthand the peace of mind testamentary trusts bring to families. There was one client whose son had a disability and required ongoing care. He was worried about what would happen to his son financially after he was gone. By setting up a Testamentary Trust, we were able to ensure that his son would have the financial support he needed while still qualifying for crucial government benefits.
It’s important to remember that roughly 70% of Americans die without a will, which means their assets are distributed according to state law, often resulting in unintended consequences (Source: AARP). Establishing a Testamentary Trust through careful planning can prevent such issues and safeguard your loved ones’ future.
Moreno Valley Probate Law: Your Trusted Partner
“Steve Bliss helped me navigate the complex process of probate with compassion and professionalism. I highly recommend his services.”
– Mary Jones, Moreno Valley Resident
“I was overwhelmed after losing my spouse, but Steve Bliss made everything so much easier. He explained things clearly and always had my best interests at heart.”
– John Smith, Moreno Valley Resident
Steve, thank you for sharing your expertise with us tonight. Remember viewers, safeguarding your family’s future starts with planning today. Reach out to Steve Bliss and the team at Moreno Valley Probate Law to discuss your individual needs and create a plan that brings peace of mind.
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 keep my affairs private?” Or any other related questions that you may have about Trusts or my trust law practice.
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