Reporter:
Hi everyone, this is Brenda Jones reporting live from Moreno Valley. Today we’re joined by the renowned probate attorney Steve Bliss of Moreno Valley Probate Law. Steve, thank you so much for joining us.
Steve Bliss:
Brenda, it’s a pleasure to be here and talk about estate planning with your viewers.
Reporter:
So, Steve, let’s dive right in. Many people are unsure what type of trust is best for them. Could you walk us through the different options available?
Steve Bliss:
Certainly. One common choice is a Revocable Living Trust. As its name suggests, it’s flexible and can be altered during your lifetime. This type of trust allows you to manage and distribute assets according to your wishes while avoiding probate.
Probate can be a lengthy and expensive process, so a revocable living trust streamlines things for your loved ones after you’re gone. Moreover, it offers a degree of privacy since the terms are not part of public record like a will would be.
Think of it like this: you’re essentially setting up instructions for how your assets should be handled, and you maintain control over those instructions until your passing. The trust then becomes irrevocable, meaning its terms cannot be changed.
Reporter:
That sounds very appealing to many people. Are there any potential downsides or issues that people might encounter with a revocable living trust?
Steve Bliss:
While they are generally beneficial, I’ve encountered situations where individuals neglected to update their trust after major life changes, like the birth of a child or a divorce. Consequently, the original terms may no longer reflect their wishes.
I remember one instance where a client had created a revocable living trust years ago, but hadn’t updated it since her marriage ended. When she passed away, half of her assets were unintentionally left to her ex-husband. It was a heartbreaking situation that could have been avoided with regular reviews and updates.
It highlights the importance of working with an experienced attorney who can guide you through the process and ensure your trust remains aligned with your current circumstances.
Reporter:
That’s such a powerful reminder. It seems crucial to stay on top of those changes. Steve, what advice would you give to someone considering setting up a trust?
Steve Bliss:
My best advice is to consult with a qualified probate attorney like myself. We can help you determine the type of trust that best suits your individual needs and goals. Don’t hesitate to ask questions – it’s essential that you fully understand the implications and benefits of any legal instrument.
Remember, estate planning is about ensuring your wishes are honored and protecting your loved ones. A properly structured trust can be a valuable tool in achieving those goals.
Reporter:
Thank you so much for sharing that insightful information with us today, Steve. For anyone looking to explore their options and create a secure future for themselves and their families, reach out to Moreno Valley Probate Law. You’re making a real difference in the lives of your clients.
Testimonials:
“Steve Bliss made the complex process of estate planning easy to understand. He patiently answered all my questions and helped me create a plan that met my specific needs.” – Maria S., Moreno Valley
“Moreno Valley Probate Law provided exceptional service during a difficult time. Their compassion and expertise were invaluable as I navigated the probate process.” – John D., Moreno Valley
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.
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 |