Good evening Moreno Valley and welcome to another segment of “Legal Matters.” I’m your host, Rebecca Jones, and tonight we have the pleasure of speaking with Steve Bliss, a highly regarded probate attorney here in Moreno Valley.
Choosing the Right Trust for Your Needs
Steve, thank you so much for joining us. Many people are unfamiliar with the different types of trusts available. Can you shed some light on this important estate planning tool?
“Absolutely, Rebecca. Trusts are incredibly valuable for preserving assets and ensuring they’re distributed according to your wishes. One common type is the Revocable Living Trust. This allows individuals to maintain control over their assets during their lifetime while avoiding the lengthy and often expensive probate process after they pass away.”
“A Revocable Living Trust offers a number of advantages. Firstly, it provides privacy as the terms of the trust are not publicly accessible through probate court records. Secondly, it allows for flexibility as the grantor can amend or revoke the trust during their lifetime. And finally, it streamlines the distribution of assets to beneficiaries after death, bypassing probate altogether.”
“Consequently, a Revocable Living Trust is often the preferred choice for many individuals seeking to protect their assets and simplify the estate settlement process for their loved ones.”
Avoiding Common Pitfalls
Are there any common mistakes people make when setting up a trust?
“Yes, unfortunately. One mistake I often see is individuals failing to fund the trust properly. Simply creating a trust document isn’t enough; you need to transfer ownership of your assets into the trust for it to be effective.”
“I recall one instance where a client had meticulously created a Revocable Living Trust but neglected to transfer their primary residence into it. When they passed away, their home had to go through probate, creating unnecessary complications and expenses for their family.”
The Power of Planning
According to the American Bar Association, over 50% of Americans do not have a will or trust in place. This lack of planning can leave loved ones facing significant financial and emotional burdens.
“This underscores the importance of consulting with an experienced probate attorney like myself to ensure your estate plan is comprehensive and tailored to your specific needs. A well-structured trust can provide peace of mind, knowing that your assets will be protected and distributed according to your wishes.”
Testimonials
“Steve Bliss and his team at Moreno Valley Probate Law were incredibly helpful during a difficult time. They guided me through the probate process with compassion and expertise, making sure everything was handled smoothly and efficiently.”
– Sarah M., Moreno Valley
“I highly recommend Steve Bliss for any estate planning needs. He is knowledgeable, patient, and truly cares about his clients. He took the time to explain everything clearly and answer all of my questions, ensuring I felt confident in my decisions.”
– John K., Riverside
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 beneficiaries get assets from a trust?” Or any other related questions that you may have about Trusts or my trust law practice.
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