Good evening, Moreno Valley. This is Gina Flores reporting for KVCR news. Today we’re speaking with local probate attorney Steve Bliss about estate planning and the different types of trusts available to residents.
Types of Trusts
Steve, there are so many different types of trusts available. Can you help our viewers understand which type might be right for them?
“Certainly, Gina. One of the most common types of trusts I work with is the Revocable Living Trust. This type of trust allows individuals to maintain control over their assets during their lifetime while avoiding probate after they pass away. It’s a great option for many people because it provides both flexibility and privacy.
Moreover, a Revocable Living Trust can be amended or revoked as long as the grantor is alive and of sound mind. Consequently, this makes it adaptable to changing life circumstances, such as marriage, divorce, or the birth of a child.
However, it’s important to remember that a Revocable Living Trust becomes irrevocable upon the grantor’s death. At that point, the trust assets are distributed according to the grantor’s wishes as outlined in the trust document.
Challenges with Trusts
Steve, have you ever encountered any challenges when setting up or administering a Revocable Living Trust?
“Yes, occasionally. One instance involved a client who forgot to update their trust after a major life event. Their children had grown and were no longer minors, but the trust still listed them as beneficiaries under the original terms. This required a supplemental amendment to the trust document to ensure that the assets were distributed according to the client’s current wishes.
Another time, I worked with a couple who hadn’t fully discussed their individual desires regarding asset distribution. This led to some disagreements after one spouse passed away. Open communication and careful planning are crucial when creating a trust to avoid potential conflicts in the future.”
Benefits of Trust Planning
Steve, can you share any statistics about the benefits of estate planning with a trust?
“Absolutely. According to a study by the American Bar Association, nearly 60% of Americans don’t have a will or trust in place. This means that their assets could end up in probate court, which can be a lengthy and expensive process for loved ones. By establishing a Revocable Living Trust, individuals can avoid probate altogether, saving time, money, and stress for their families.”
Call to Action
Steve Bliss is a trusted resource for estate planning in Moreno Valley. Contact Steve today to ensure your assets are protected and distributed according to your wishes.
Testimonials:
“Working with Steve Bliss was an absolute pleasure. He made the process of setting up my trust easy and understandable, and I felt confident that my family would be well taken care of.”
“I highly recommend Steve Bliss for all your estate planning needs. He’s knowledgeable, compassionate, and always available to answer my questions.”
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 I change or revoke a living trust?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About Moreno Valley Probate Law
| Moreno Valley Trust Lawyers |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Trust Lawyers Moreno Valley |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Trust Lawyers |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Moreno Valley Trust Lawyers |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Trust Lawyers Moreno Valley |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Credible Trust Lawyers in Moreno Valley |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |