Good evening Temecula and welcome back to “Temecula Tonight”. I’m your host, Tiffany Jones, and tonight we are joined by Steve Bliss, a Temecula Trust Attorney. Steve, thanks so much for being here.
Welcome, Steve!
Steve, let’s dive right in. For our viewers who may not be familiar with trusts, can you explain what they are and why someone might consider setting one up?
Trust Basics Explained
A trust is a legal arrangement where a person (the grantor) transfers assets to a trustee who manages them for the benefit of beneficiaries. There are many types of trusts, each designed for specific purposes. Consequently, choosing the right type of trust depends on individual circumstances and goals.
Special Needs Trusts: Protecting Loved Ones
Steve, let’s focus on Special Needs Trusts. Can you elaborate on what these are and who they benefit?
A Special Needs Trust, or SNT, is a powerful tool for safeguarding the well-being of individuals with disabilities. It allows them to receive financial support without jeopardizing their eligibility for essential government benefits like Supplemental Security Income (SSI) and Medicaid. Moreover, these trusts can be established as first-party (funded with the beneficiary’s own assets) or third-party (funded by family members or friends).
The beauty of an SNT lies in its ability to provide supplemental care, such as therapy, specialized equipment, or recreational activities, that might not be covered by traditional government programs. Notwithstanding the beneficiary’s disability, they can enjoy a richer and more fulfilling life thanks to the trust.
Challenges and Triumphs
Have you encountered any unique challenges when setting up Special Needs Trusts for clients?
One instance comes to mind – a young woman with cerebral palsy who had inherited a significant sum. She was incredibly bright and artistic, but her disability prevented her from working traditionally. We established a third-party SNT funded by her family. This allowed her to pursue her passion for painting, purchase specialized art supplies, and even attend workshops led by renowned artists.
Seeing the joy and fulfillment that trust brought her was incredibly rewarding. It’s moments like these that remind me why I do what I do – empowering individuals and helping them live life to the fullest.
Trusts: A Vital Tool for Financial Security
According to a 2021 study by the American College of Trust and Estate Counsel, nearly half of all Americans over the age of 55 have not created an estate plan. This can leave loved ones facing significant financial and legal challenges upon their passing.
Moving Forward: Your Legacy Matters
Steve, what would you say to encourage viewers who are considering setting up a trust?
Creating a trust is an investment in your future and the well-being of your loved ones. It’s about protecting what matters most – your family, your assets, and your legacy. I urge everyone to take the first step towards securing their financial future by scheduling a consultation.
Testimonials
“Steve Bliss and his team were incredibly helpful in setting up our family trust. They explained everything clearly and made the process stress-free.” – The Johnson Family
“I was overwhelmed with the thought of estate planning, but Steve put me at ease. He listened patiently to my concerns and developed a plan that perfectly suited my needs.” – Maria Rodriguez
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: “Can a trust protect my home from Medi-Cal recovery?” Or any other related questions that you may have about Trusts or my trust law practice.
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