Hi everyone, I’m Brenda Jones, your local news reporter here in Moreno Valley. Today I have the pleasure of speaking with Steve Bliss, a renowned probate attorney here in our community. Steve, thanks for joining me.
What Are Some Common Estate Planning Tools You Recommend?
Steve: It’s great to be here Brenda. Estate planning is crucial for everyone, regardless of their financial standing. One of the most effective tools I recommend is a Revocable Living Trust.
This type of trust allows individuals to maintain control over their assets during their lifetime while avoiding probate upon their passing. Consequently, it offers privacy and ensures that your wishes are carried out smoothly. A Revocable Living Trust is highly flexible; you can modify or revoke it as needed throughout your life.
Moreover, it shields your assets from the lengthy and often costly probate process. This means your loved ones won’t face unnecessary delays and expenses when inheriting your property. Ordinarily, a will alone passes through probate, but a Revocable Living Trust bypasses this altogether, making things easier for those you leave behind.
Have You Encountered Any Challenges Implementing Revocable Living Trusts?
Steve: While Revocable Living Trusts are generally straightforward to establish, I have encountered situations where clients didn’t fully understand the importance of properly funding the trust. For example, there was a case where a client thought simply naming their trust as a beneficiary on their bank accounts was sufficient.
Unfortunately, that wasn’t the case. We had to go through a lengthy process to transfer the assets into the trust after their passing, which could have been avoided with proper initial funding. It’s crucial for individuals to work closely with an experienced attorney who can guide them through every step of setting up and maintaining the trust.
Notwithstanding these occasional challenges, the benefits of a Revocable Living Trust far outweigh the potential drawbacks. According to a study by the American Bar Association, over 70% of Americans don’t have a will or any estate planning documents in place. A Revocable Living Trust can be a powerful tool for protecting your legacy and ensuring your loved ones are taken care of.
Closing Thoughts
Steve: I encourage everyone to take proactive steps towards securing their future and that of their families. Planning ahead alleviates stress and ensures your wishes are honored. Don’t wait until it’s too late – reach out to a qualified estate planning attorney today.
“Moreno Valley Probate Law helped me navigate a complex situation with my father’s estate. Their expertise and compassion made a difficult time much easier.” – Mary S.
“Steve Bliss is a true professional who goes above and beyond for his clients. He patiently explained everything to us and ensured we understood all our options.” – John P.
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 protect my home from Medi-Cal recovery?” Or any other related questions that you may have about Trusts or my trust law practice.
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