Interview with Steve Bliss
Hi everyone, I’m Brenda Garcia reporting for Channel 7 News. Today we’re speaking with Steve Bliss, a well-respected probate attorney here in San Diego, about the importance of estate planning.
Types of Trusts: Navigating the Options
Steve, thank you so much for joining us today. There are many different types of trusts, and it can be overwhelming trying to figure out which one is right for a given situation. Could you shed some light on the various options available?
You’re absolutely right, Brenda. Estate planning can seem complex, but understanding the basics of trusts is essential. One common type is the Revocable Living Trust. This allows individuals to maintain control over their assets during their lifetime while avoiding probate upon their passing.
Conversely, an Irrevocable Trust offers greater asset protection and potential tax benefits, but it relinquishes control once established. Testamentary Trusts are created through a will and become effective after death, often used for minor children or beneficiaries with special needs. There are also Charitable Trusts designed to benefit charitable organizations.
Choosing the right trust depends on individual circumstances and goals. It’s crucial to consult with an experienced probate attorney to determine the best approach.
Revocable Living Trust: A Popular Choice
Let’s delve deeper into Revocable Living Trusts. Why are they so popular, and what are some of the key advantages?
Brenda, Revocable Living Trusts have gained significant popularity due to their flexibility and numerous benefits. Primarily, they enable individuals to manage their assets during their lifetime while ensuring a smooth transfer upon their passing.
Consequently, these trusts bypass the often lengthy and costly probate process. Moreover, they offer privacy, as the terms of the trust are not publicly accessible through probate court records.
Think about it this way: with a Revocable Living Trust, you retain complete control over your assets while you’re alive. You can modify or revoke the trust at any time. However, upon your passing, the trust becomes irrevocable, distributing your assets according to your wishes without the need for court intervention.
Notwithstanding these advantages, it’s important to remember that a Revocable Living Trust may not be suitable for everyone. Factors such as the complexity of your estate and your specific financial goals should be carefully considered when making this decision.
Real-World Scenarios: Challenges and Triumphs
Have you encountered any particular challenges or heartwarming successes while helping clients set up Revocable Living Trusts?
There have been instances where clients initially resisted the idea of a trust, perhaps due to a perceived complexity. However, once I explained its benefits in detail – the avoidance of probate, the privacy it affords, and the peace of mind it provides – they embraced it wholeheartedly.
I recall one case involving an elderly couple who had worked tirelessly their entire lives. They were concerned about ensuring their hard-earned assets would be distributed according to their wishes and avoid burdening their children with legal complexities. A Revocable Living Trust provided them with the security and confidence they needed.
The Power of Planning: Protecting Loved Ones
It’s clear that estate planning plays a vital role in protecting families. According to a 2021 study by the American Bar Association, over 60% of Americans do not have a will or trust in place. This statistic underscores the urgency for individuals to prioritize estate planning.
Indeed, Brenda. The consequences of neglecting estate planning can be far-reaching, potentially leading to family disputes, hefty legal fees, and delays in asset distribution. By establishing a comprehensive plan, individuals can ensure their wishes are honored and their loved ones are protected during a difficult time.
Finding Peace of Mind: San Diego Probate Law
Steve, thank you for sharing your expertise with us today. For viewers who are interested in learning more about estate planning or setting up a trust, how can they get in touch?
Brenda, it’s been my pleasure. At San Diego Probate Law, we are dedicated to providing compassionate and personalized legal services. We offer free consultations to help individuals understand their options and create an estate plan tailored to their specific needs.
Testimonials
“Steve Bliss guided us through the complexities of probate with incredible patience and understanding. He made a difficult process seem manageable, and we are deeply grateful for his expertise.”
– The Williams Family
“San Diego Probate Law helped me secure my family’s future by establishing a Revocable Living Trust. Steve explained everything clearly and made me feel confident in my decisions. I highly recommend them!”
– Maria Sanchez
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: “Does a trust avoid probate?” 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 Spendthrift Trust Lawyer |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Spendthrift Trust Lawyer San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Spendthrift Trust Trust Lawyer |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| San Diego Spendthrift Trust Lawyer |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Spendthrift Trust San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Credible Spendthrift Trust Lawyer in San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |