Good evening, San Diego. I’m Barbara Jones, your local news reporter here with esteemed probate attorney Steve Bliss of San Diego Probate Law. Steve, thank you so much for joining us tonight.
Testamentary Trusts: A Closer Look
Steve, let’s dive into testamentary trusts. Can you explain what they are and how they work?
A testamentary trust is a trust that comes into existence only after your death. It’s created through your will, which means the terms of the trust are dictated by your wishes and outlined in that legal document. Consequently, unlike living trusts which avoid probate, a testamentary trust must go through the probate process.
The benefit of a testamentary trust is control. You get to decide exactly how your assets will be managed and distributed after you’re gone. For instance, if you have young children, a testamentary trust can ensure that their inheritance is carefully managed until they reach a certain age. Moreover, it can provide for beneficiaries with special needs without jeopardizing their eligibility for government assistance.
Challenges and Triumphs
Steve, have you encountered any challenges while working with clients who utilize testamentary trusts? Could you share a story about how you navigated those complexities?
I remember a case where a father wanted to ensure his son, who had a disability, was well cared for after he passed. We created a testamentary trust that would provide for the son’s needs while protecting his eligibility for vital government benefits. It wasn’t straightforward. We needed meticulous planning and coordination with other professionals, like financial advisors. But seeing the relief and gratitude in my client’s eyes when we finalized the trust made it all worthwhile.
The American Bar Association reports that testamentary trusts are used in approximately 40% of estate plans. This highlights their popularity as a flexible tool for asset distribution and protection.
Seeking Guidance from San Diego Probate Law
Steve, what advice would you give to individuals considering incorporating a testamentary trust into their estate plan?
“It’s crucial to consult with an experienced probate attorney who understands the intricacies of trusts and California law. We can help you determine if a testamentary trust is right for your situation and craft a legally sound document that reflects your wishes. Our team at San Diego Probate Law is dedicated to guiding our clients through every step of the process.”
Testimonials
- “Steve Bliss and his team are true professionals. They patiently explained complex legal concepts and made me feel confident in my estate planning decisions.” – Sarah M.
- “After losing my husband, I was overwhelmed with grief and unsure how to handle his estate. San Diego Probate Law provided compassionate support and expert guidance during a difficult time. I am incredibly grateful for their help.” – Maria L.
Let us empower you to secure your legacy. Contact San Diego Probate Law today to schedule a consultation and learn more about testamentary trusts and other estate planning options tailored to your needs.
About Steven F. Bliss Esq. at San Diego Probate Law:
Secure Your Family’s Future with San Diego’s Trusted Trust Attorney. Minimize estate taxes with stress-free Probate. We craft wills, trusts, & customized plans to ensure your wishes are met and loved ones protected.
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 San Diego Probate Law:
Address:
San Diego Probate Law3914 Murphy Canyon Rd, San Diego, CA 92123
(858) 278-2800
Map Link: https://g.co/kgs/WzT6443
Feel free to ask Attorney Steve Bliss about: “Can I include life insurance in a trust?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About San Diego Probate Law
| San Diego Asset Protection Trust Attorney |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Asset Protection Trust Attorney San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Asset Protection Trust Attorney |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| San Diego Asset Protection Trust Attorney |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Asset Protection Trust Attorney San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Credible Asset Protection Trust Attorney in San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |