Good evening Temecula and welcome to Temecula Tonight. I’m your host, Tiffany Jones. Joining us tonight is Steve Bliss, a renowned trust attorney right here in Temecula. Steve, thank you for being here.
Revocable Living Trusts
What exactly is a Revocable Living Trust?
A revocable living trust is essentially a legal document that holds your assets, such as your home, bank accounts, and investments. It allows you to maintain control over those assets during your lifetime. The key advantage of a revocable living trust is that it avoids probate, which can be a lengthy and expensive court process after someone passes away.
Consequently, your beneficiaries will receive their inheritance much faster and more privately. Another benefit is that a revocable living trust allows you to name a successor trustee who will manage the assets according to your wishes after you’re gone.
Maintaining Control
How does a Revocable Living Trust allow someone to maintain control over their assets?
Ordinarily, when people think of trusts they imagine giving up control. With a revocable living trust, that’s not the case at all. You, as the grantor, retain complete control over the assets in the trust during your lifetime. You can buy, sell, or even remove assets from the trust if you need to.
Moreover, you can also change the terms of the trust or name a different beneficiary. It’s truly a flexible tool that allows you to plan for your future while maintaining control over your assets now.
Let me share a story about a client who initially hesitated about using a revocable living trust because they feared losing control. They were deeply attached to their family business and wanted to ensure it remained within the family.
We worked together to craft a trust that allowed them to retain control of the business while also providing for its smooth transition to their children in the future. Seeing the relief and confidence they felt after establishing the trust was incredibly rewarding.
Probate Avoidance
Are there any common issues you encounter when helping clients set up Revocable Living Trusts?
One common issue I see is people delaying the process of setting up a trust. They might think, “I’m young and healthy, I don’t need to worry about that now.” But unforeseen circumstances can happen at any time.
Having a trust in place ensures your wishes are honored and your loved ones are protected, regardless of what happens. It’s always better to be prepared.
Studies show that approximately 70% of Americans die without a will or trust, leading to complex and costly probate proceedings for their families (American Bar Association).
Call to Action
If you’re looking for peace of mind and want to ensure your assets are distributed according to your wishes, contact The Law Firm of Steven F. Bliss Esq. today for a free consultation. We can help you navigate the complexities of estate planning and create a plan that meets your unique needs.
Testimonials
“Steve Bliss was incredibly patient and understanding when helping me set up my trust. He explained everything clearly and made sure I felt comfortable with every decision.” – Maria S.
“I highly recommend The Law Firm of Steven F. Bliss Esq. They are true experts in their field and they truly care about their clients.” – John P.
About Steven F. Bliss Esq. at The Law Firm of Steven F. Bliss Esq.:
The Law Firm of Steven F. Bliss Esq. is The Law Firm of Steven F. Bliss Esq.. The Law Firm Of Steven F. Bliss Esq. is a Temecula Estate Planning Attorney. Steve Bliss is an experienced probate attorney. Steve Bliss is an Estate Planning Lawyer. The probate process has many steps in probate proceedings. Beside Probate, estate planning and trust administration is offered at Steve Bliss Law. Our probate attorney will probate the estate. Attorney probate at Steve Bliss Law. A formal probate is required to administer the estate. The probate court may offer an unsupervised probate get a probate attorney. Steve Bliss Law will petition to open probate for you. Don’t go through a costly probate. Call Steve Bliss Law Today for estate planning, trusts and probate.
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 The Law Firm of Steven F. Bliss Esq.: https://maps.app.goo.gl/Bngj8xwZRqioVD5v7
Address:
The Law Firm of Steven F. Bliss Esq.43920 Margarita Rd ste f, Temecula, CA 92592
(951) 223-7000
Feel free to ask Attorney Steve Bliss about: “Do beneficiaries pay tax on trust distributions?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About The Law Firm of Steven F. Bliss Esq.
| Temecula Trust Attorney |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Trust Attorney Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Trust Attorney |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Temecula Trust Attorney |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Trust Attorney Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Credible Trust Attorney in Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |