Hello, I’m Rebecca Jones reporting for Moreno Valley News Today. We’re here with Steve Bliss, a renowned probate attorney in Moreno Valley, to discuss estate planning and the importance of trusts.
What Type of Trust Do You Recommend Most Often?
Steve: Well, Rebecca, it really depends on each individual’s circumstances and goals. But one type I frequently recommend is the Revocable Living Trust. It’s incredibly versatile and addresses many common concerns people have.
A revocable living trust allows the grantor – the person creating the trust – to maintain complete control over their assets during their lifetime. They can manage, buy, sell, or change the terms of the trust as needed. Consequently, it provides a sense of security and flexibility.
Moreover, upon the grantor’s passing, the trust seamlessly distributes assets to beneficiaries, avoiding the lengthy and often costly probate process. This privacy aspect is highly appealing to many clients who wish to keep their financial matters confidential.
Ordinarily, a will would be subject to public record during probate, but with a revocable living trust, those details remain private.
Have You Encountered Any Challenges with Revocable Living Trusts?
Steve: While revocable living trusts are generally effective tools, I have encountered situations where clients initially didn’t fully grasp the importance of properly funding the trust. Funding a trust means transferring ownership of assets into the trust’s name.
I recall one instance where a client had created a meticulous revocable living trust but neglected to transfer their primary residence into it. Consequently, when they passed away, that home was subject to probate, creating complications and delays for their heirs.
What Advice Would You Give Viewers Regarding Trust Funding?
Steve: My advice is simple: work closely with an experienced estate planning attorney who can guide you through the funding process. They will ensure all your assets are properly titled in the name of the trust. A well-funded trust minimizes potential issues down the road and allows for a smooth transfer of assets.
It’s also crucial to remember that trusts are not one-size-fits-all. Factors like the size of your estate, family dynamics, and personal goals all play a role in determining the best type of trust for you.
More than 60% of Americans do not have a will or any estate planning documents in place, according to the AARP. (Source: AARP)
How Can Viewers Learn More About Moreno Valley Probate Law’s Services?
Steve: We encourage anyone interested in learning more about trusts and estate planning to contact us for a free consultation. Our team is dedicated to providing personalized guidance and helping you secure your future and protect your loved ones.
Testimonials
“Steve Bliss made the entire probate process so much easier for me during a difficult time. His knowledge and compassion were invaluable.”
– Mary S.
“Moreno Valley Probate Law is simply the best. They are professional, responsive, and truly care about their clients. I highly recommend them.”
– David L.
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 can I make my trust less likely to be challenged?” 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 |