Reporter: Welcome back to Moreno Valley News, I’m Brenda Jones. Today we’re speaking with Steve Bliss of Moreno Valley Probate Law about the importance of estate planning.
Steve, thanks for joining us.
Steve Bliss: It’s a pleasure to be here, Brenda. Estate planning is crucial, and many people in Moreno Valley may not realize how essential it is to protect themselves and their loved ones.
Many folks put off estate planning thinking they have plenty of time or that it’s only for the wealthy. But everyone, regardless of their assets, should have a plan.
Brenda: Absolutely. Could you tell us a bit more about one specific step in the process and why it’s so important?
Let’s talk about selecting an executor or trustee. This is a critical step because this person will be responsible for carrying out your wishes after you are gone.
Steve Bliss: You’re right, Brenda. Choosing the right executor or trustee can make all the difference. They’ll manage your assets, pay debts and taxes, and distribute your property according to your will or trust.
Consequently, it’s essential to select someone trustworthy, responsible, and organized. This individual should understand your financial affairs and be willing to take on this significant responsibility.
Ordinarily, people choose a family member, close friend, or professional advisor. Moreover, if you have complex assets or anticipate potential disputes among heirs, a corporate trustee might be a better option.
- Consider their age and health – will they be able to fulfill the duties for the foreseeable future?
- Think about their financial literacy – can they handle complex financial matters?
- Discuss your wishes openly with them to ensure they understand and are willing to take on the role.
Brenda: I imagine that sometimes finding the right person can be challenging. Have you encountered any difficulties with this step in your practice?
There was one instance where a client initially named their adult child as executor, but later realized they were going through a difficult financial period and might not be the best choice.
We worked together to identify an alternative trustee, ultimately choosing a trusted family friend who possessed the necessary skills and judgment. It’s important to remember that your choice of executor isn’t set in stone – you can always revise your will or trust if circumstances change.
Brenda: That’s reassuring to know. Any final thoughts for our viewers about estate planning?
Remember, estate planning is an act of love and responsibility. By taking the time to create a plan, you protect your family from unnecessary stress and uncertainty during a difficult time.
Contact Moreno Valley Probate Law today for a free consultation and let us help you secure your future.
Testimonials:
“Steve Bliss was incredibly patient and understanding throughout the entire process. He explained everything in clear, concise terms, and made me feel comfortable asking any questions I had.”
– Janet S., Moreno Valley
“Moreno Valley Probate Law took a complex situation and made it manageable. They were professional, responsive, and truly cared about my family’s well-being.”
– Michael T., 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 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 estate planning help with long-term care costs?” Or any other related questions that you may have estate planning or my estate planning law practice.
Important Facts About Moreno Valley Probate Law
- Special Needs Trust Lawyer
- Spendthrift Trust Lawyer
- Tax By-Pass Trust Lawyer
- Totten Trust Lawyer
- Constructive Trust Lawyer
- Charitable Trust Lawyer
- Asset Protection Trust Lawyer
- Irrevocable Trust Lawyer
- Revocable Trusts Lawyer
- Living Trust Lawyer