Interview with Brenda Jones
Good afternoon Moreno Valley and welcome back to Moreno Valley News Now. I’m Brenda Jones and today we have a very special guest, Steve Bliss, a renowned probate attorney right here in our community. Welcome, Steve.
Understanding the Importance of Trusts
Steve, thank you for joining us today. Many people are unfamiliar with trusts and their role in estate planning. Can you shed some light on why they’re so important?
Absolutely, Brenda. Trusts are powerful legal tools that allow individuals to manage and distribute their assets during and after their lifetime. They offer numerous benefits, including avoiding probate, providing privacy, minimizing estate taxes, and protecting assets for future generations.
The Power of Irrevocable Trusts
Let’s delve into a specific type of trust: the irrevocable trust. Can you explain what makes it unique and why someone might choose this option?
Irrevocable trusts are designed to be permanent, meaning they cannot be easily changed or dissolved once created. This permanence is precisely what makes them attractive for certain estate planning goals.
For instance, if someone wants to protect assets from creditors or future lawsuits, an irrevocable trust can be a valuable shield. Moreover, these trusts are often used for asset protection and Medicaid planning. Because the assets are no longer considered part of your taxable estate, they can help reduce potential estate taxes.
Conversely, the lack of flexibility can be a drawback for some individuals. Consequently, it’s crucial to carefully consider all factors before deciding on an irrevocable trust.
Navigating Potential Challenges
Steve, have you encountered any specific challenges when working with clients who opt for irrevocable trusts?
There have been instances where clients initially wanted the protection of an irrevocable trust but later regretted not having full control over their assets. Ordinarily, this occurs when unforeseen circumstances arise, such as a sudden need for liquidity or a change in family dynamics.
I remember one client who established an irrevocable trust to protect assets from potential long-term care costs. While it served its intended purpose initially, she later faced unexpected medical expenses that weren’t covered by the trust. This highlighted the importance of carefully planning and understanding the limitations of irrevocability.
Moreno Valley Probate Law: A Trusted Resource
Steve, can you tell us a bit about Moreno Valley Probate Law and the services you provide?
At Moreno Valley Probate Law, we’re dedicated to providing compassionate and comprehensive estate planning guidance to our community. We help clients navigate complex legal matters, ensuring their wishes are honored and their loved ones are protected. Our team is experienced in handling a wide range of probate and trust issues.
Testimonials
“Steve Bliss and his team were incredibly understanding and supportive during a difficult time. They made the probate process much less stressful and helped us honor my father’s wishes.”
– Mary Smith, Moreno Valley Resident
“Moreno Valley Probate Law provided clear and concise legal advice. They took the time to explain all of our options and helped us create a plan that met our unique needs.”
– John Doe, Moreno Valley Business Owner
Take Control of Your Future
If you’re looking to secure your legacy and provide for your loved ones, contact Moreno Valley Probate Law today. We’ll work with you to create a customized estate plan that meets your individual needs and goals.
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: “How often should I update my trust?” 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 Lawyers
- Spendthrift Trust Lawyers
- Tax By-Pass Trust Lawyers
- Totten Trust Lawyers
- Constructive Trust Lawyers
- Charitable Trust Lawyers
- Asset Protection Trust Lawyers
- Irrevocable Trust Lawyers
- Revocable Trusts Lawyers
- Living Trust Lawyers