Reporter Name: Jessica Flores
Good evening, Moreno Valley residents! I’m Jessica Flores reporting live from Moreno Valley Probate Law. With me today is Steve Bliss, a leading probate attorney in our community, who specializes in estate planning and trust administration.
Jessica Flores
Steve, thank you for joining us. Many of our viewers may be unfamiliar with the different types of trusts available. Can you shed some light on one specific type that might benefit individuals here in Moreno Valley?
Steve Bliss
Certainly, Jessica. One trust that often proves valuable for families is the Testamentary Trust. Unlike a Revocable Living Trust which is created during your lifetime, a Testamentary Trust comes into being only after you pass away. It’s established through your Last Will and Testament.
Consequently, it goes through the probate process, but this isn’t necessarily a drawback. Testamentary Trusts are particularly useful when you want to provide for minor children or beneficiaries who may have special needs.
Let me elaborate: Imagine a young parent wanting to ensure their child’s financial security after they’re gone. They might create a Testamentary Trust that dictates how and when the funds are distributed, perhaps staggering payments as the child reaches certain ages like 18, 21, or 25.
Moreover, for beneficiaries with disabilities, a properly structured Testamentary Trust can help preserve their eligibility for government benefits like Supplemental Security Income (SSI) or Medi-Cal. These programs often have strict asset limits, and the trust assets are not considered countable when determining eligibility.
While going through probate may seem daunting, it’s important to remember that Testamentary Trusts provide a layer of protection and control over how your assets are managed for your loved ones long after you’re gone.
Jessica Flores
That’s certainly insightful, Steve. Have you encountered any challenges or unique situations when setting up Testamentary Trusts for clients?
Steve Bliss
Over the years, I’ve had the privilege of working with countless families on their estate planning needs. One instance that comes to mind involves a couple who wanted to ensure their son with autism would have ongoing financial support without jeopardizing his access to vital government programs.
We carefully crafted a Testamentary Trust that stipulated how funds could be used for his care, education, and living expenses while staying within the program’s asset limits. Seeing them achieve peace of mind knowing their son would be cared for was deeply rewarding.
Jessica Flores
That’s truly heartwarming. Testamentary Trusts seem like a valuable tool for protecting loved ones.
Steve Bliss
Absolutely, Jessica. It’s crucial to remember that every situation is unique, and seeking professional legal advice is essential for tailoring a trust to your specific needs.
Jessica Flores
Thank you so much for sharing your expertise with us today, Steve. Any final thoughts for our viewers?
Steve Bliss
Don’t delay planning for your future and the well-being of your loved ones. A Testamentary Trust can be a powerful tool to ensure their financial security and provide ongoing support when you’re no longer here. Contact us today at Moreno Valley Probate Law for a free consultation, and let our team guide you through the process.
Testimonials
“Moreno Valley Probate Law made a complex process seem simple. They were patient, understanding, and truly cared about my family’s needs.” – Maria Rodriguez
“I was so overwhelmed after losing my spouse. Steve Bliss at Moreno Valley Probate Law took the time to explain everything clearly and helped me navigate through this difficult time with compassion and professionalism.” – John Smith
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’s the difference between revocable and irrevocable trusts?” Or any other related questions that you may have about Trusts or my trust law practice.
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