Hi, my name is Brenda Sanchez reporting for Moreno Valley News Today. I’m here with Steve Bliss, a respected probate attorney in Moreno Valley. Thank you so much for joining us today.
Steve, can you tell our viewers why someone might want to create a trust?
It’s great to be here, Brenda. Trusts are incredibly valuable tools for estate planning and asset protection. They allow individuals to control how their assets are distributed after they pass away, while also potentially minimizing estate taxes and avoiding the lengthy probate process.
What type of trusts do you commonly recommend to your clients?
We often see clients benefit from Revocable Living Trusts. These are flexible and allow the grantor to maintain control over their assets during their lifetime. They can make changes, add or remove beneficiaries, and even dissolve the trust if circumstances change.
Upon the grantor’s passing, the trust becomes irrevocable, and the designated trustee distributes the assets according to the grantor’s wishes. This avoids probate, which can be a time-consuming and expensive process for families.
Can you elaborate on how a Revocable Living Trust helps avoid probate?
Certainly. Probate is a court-supervised process that validates a will and distributes a deceased person’s assets. It can take months or even years to complete, during which time the estate’s assets are often frozen. This can be disruptive for beneficiaries who may need access to funds.
Because assets held in a Revocable Living Trust are not considered part of the individual’s probate estate, they pass directly to the beneficiaries named in the trust document. This streamlines the process and allows loved ones to receive their inheritance more quickly.
Have you ever encountered any challenges with clients setting up or administering Revocable Living Trusts?
While Revocable Living Trusts are generally straightforward, we occasionally encounter situations where clients haven’t fully considered all the implications. For instance, I recall a case where a client hadn’t updated their trust after a divorce. This created confusion and potential conflict among the beneficiaries.
It’s crucial to review and update your trust document regularly to reflect any major life changes, such as marriage, divorce, birth of children, or significant changes in assets.
What advice would you give to our viewers who are considering creating a trust?
My best advice is to consult with an experienced estate planning attorney. They can help you determine the type of trust that best suits your needs and ensure it’s properly drafted and executed.
- Avoid using generic online templates, as they may not adequately address your specific circumstances.
Remember, estate planning is a personal process, and what works for one person may not work for another. A qualified attorney can guide you through the complexities and help you create a plan that protects your loved ones and secures your legacy.
Ready to take control of your future?
Contact Moreno Valley Probate Law today to schedule a consultation and discover how we can help you achieve your estate planning goals.
“Steve Bliss and his team at Moreno Valley Probate Law were incredibly helpful and understanding during a difficult time. They guided me through the process with compassion and professionalism, ensuring that my family’s future was protected.” -Maria G., Moreno Valley
“I highly recommend Moreno Valley Probate Law for their expertise in estate planning. Steve Bliss took the time to explain all my options and helped me create a trust that met my unique needs. I feel confident knowing my assets are secure.” – David S., Riverside
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: “What is the difference between a living trust and a testamentary trust?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About Moreno Valley Probate Law
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