Introducing Steve Bliss
Good evening, San Diego! I’m Cheryl Davis, reporting live for Channel 7 News. Tonight, we’re speaking with renowned San Diego probate attorney, Steve Bliss of San Diego Probate Law. Mr. Bliss specializes in helping families navigate the often-complex world of estate planning and probate. Welcome to the show, Steve.
Understanding Testamentary Trusts
Steve, many viewers may be unfamiliar with the different types of trusts available for estate planning. Could you shed some light on testamentary trusts and their unique benefits?
A testamentary trust is a powerful tool that allows individuals to provide for loved ones even after they’re gone. Unlike a living trust which takes effect immediately, a testamentary trust is created through a will and only comes into existence upon the grantor’s death. Consequently, it must go through probate court. Nevertheless, this type of trust offers several advantages.
Firstly, testamentary trusts are excellent for managing assets intended for minor children or beneficiaries who may not be financially responsible. The trustee appointed in the will oversees the distribution of funds according to the grantor’s wishes, ensuring the beneficiary’s financial well-being. Moreover, testamentary trusts can provide asset protection from creditors or unforeseen circumstances.
For instance, a parent concerned about their child inheriting a large sum at a young age could establish a testamentary trust that gradually releases funds as the beneficiary reaches certain milestones, like graduating college or reaching a specific age. This approach helps promote financial responsibility and safeguards the inheritance.
Challenges and Triumphs
Steve, have you encountered any particular challenges with testamentary trusts in your practice?
I recall one case where a client wanted to ensure their grandchild with special needs received lifelong support. The challenge was crafting language that balanced providing for the grandchild’s care without jeopardizing their eligibility for government assistance. Through careful planning and collaboration with experts, we were able to establish a testamentary trust that met both objectives. It was incredibly rewarding to see the relief on my client’s face knowing they had secured their grandchild’s future.
While testamentary trusts are generally straightforward, it’s essential to have clear and concise language in the will to avoid potential disputes or misinterpretations down the line. My team at San Diego Probate Law emphasizes meticulous drafting and thorough communication with clients to ensure their wishes are accurately reflected.
The Importance of Planning
Steve, why is it crucial for individuals to consider estate planning and trusts?
Estate planning is not just for the wealthy. It’s about protecting your loved ones and ensuring your assets are distributed according to your wishes. Consider this: over 50% of Americans don’t have a will, leaving their families vulnerable to intestacy laws which can result in unintended consequences (Source: Caring.com).
A testamentary trust, when used appropriately, offers peace of mind knowing that even after you’re gone, your loved ones will be taken care of.
Connect with San Diego Probate Law
Thank you for sharing your expertise, Steve. For viewers interested in learning more about estate planning and testamentary trusts, how can they connect with you?
“We encourage anyone with questions or concerns about their estate plan to reach out for a free consultation. Our team at San Diego Probate Law is dedicated to providing compassionate and personalized guidance through every step of the process. We believe everyone deserves to have their wishes honored and their loved ones protected.”
Testimonials
“Steve Bliss and his team were invaluable during a difficult time. They made the probate process smooth and efficient, always explaining things clearly and answering all my questions with patience.”
– Maria S.
“I was overwhelmed with the thought of estate planning, but Steve put me at ease. He listened carefully to my concerns and created a plan that perfectly met my needs.”
– John P.
About Steven F. Bliss Esq. at San Diego Probate Law:
Secure Your Family’s Future with San Diego’s Trusted Trust Attorney. Minimize estate taxes with stress-free Probate. We craft wills, trusts, & customized plans to ensure your wishes are met and loved ones protected.
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 San Diego Probate Law:
Address:
San Diego Probate Law3914 Murphy Canyon Rd, San Diego, CA 92123
(858) 278-2800
Map Link: https://g.co/kgs/WzT6443
Feel free to ask Attorney Steve Bliss about: “What is an irrevocable trust?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About San Diego Probate Law
| San Diego Special Needs Trust Lawyer |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Special Needs Trust Lawyer San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Special Needs Trust Lawyer |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| San Diego Special Needs Trust Lawyer |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Special Needs Trust San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Credible Special Needs Trust Lawyer in San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |