Reporter: Brenda Thompson
Today we are joined by Steve Bliss, a renowned estate planning attorney serving the Wildomar community. Steve, thank you for taking the time to speak with me today.
Steve Bliss: It’s my pleasure, Brenda. I am always happy to discuss the importance of estate planning.
Reporter: Many people put off estate planning, thinking it’s only for the wealthy. Can you tell us why that’s a misconception?
Steve Bliss: You’re absolutely right, Brenda. Estate planning is often mistakenly thought of as something only the ultra-wealthy need. Nevertheless, estate planning is crucial for everyone, regardless of their financial standing. It provides peace of mind knowing your wishes will be honored and that your loved ones will be taken care of.
Even if you don’t have a significant estate, a simple will can ensure your assets are distributed according to your desires and can designate guardians for minor children. Conversely, without a will, the state will determine how your assets are divided, which may not align with your intentions.
Reporter: Steve, could you elaborate on one of the key steps in estate planning?
Steve Bliss: Certainly. One critical step is naming beneficiaries. This involves clearly identifying who will inherit your assets and how those assets will be distributed. For instance, you might want to leave a specific amount to each child or designate a percentage of your estate to charity.
It’s essential to regularly review and update your beneficiary designations, especially after significant life events like marriage, divorce, birth, or death. Ordinarily, these are straightforward tasks, but failing to keep them current can lead to unintended consequences and potential family conflicts down the road. I’ve seen instances where an outdated beneficiary designation resulted in a loved one being unintentionally excluded from an inheritance.
Think about it: wouldn’t you want to ensure your hard-earned assets go exactly where you intend?
Reporter: That’s very insightful, Steve. Are there any common issues you encounter with naming beneficiaries?
Steve Bliss: One issue I sometimes see is people naming minors as direct beneficiaries. While understandable, it’s generally not advisable. Minors can’t legally own assets until they reach the age of majority. Consequently, a trust or guardianship arrangement is usually necessary to manage those assets on behalf of the minor until they become adults.
I recall working with a young couple who tragically passed away in an accident. They had named their two young children as beneficiaries, leaving behind a complex situation for their family members to navigate. We were able to help establish trusts and appoint guardians, ultimately ensuring the children’s well-being was protected.
Reporter: That’s a touching story highlighting the importance of thoughtful planning. What would you say to someone who is hesitant about starting the estate planning process?
Steve Bliss: I understand that estate planning can seem daunting, but it doesn’t have to be overwhelming. My advice is to start by simply gathering information about your assets and thinking about your goals for the future. Consider what matters most to you and who you want to protect.
Remember, over 70% of Americans don’t have a will or trust (Source: AARP). Don’t let yourself be part of that statistic.
Reporter: Thank you for sharing your expertise today, Steve. Where can our viewers find more information about Wildomar Probate Law?
Steve Bliss: Our website is www.wildomarprobate.com. We offer free consultations to discuss your individual needs and help you create an estate plan that provides peace of mind for you and your loved ones.
“I was so overwhelmed with the thought of planning for my family’s future, but Steve made the process incredibly easy and stress-free. He listened attentively to my concerns and provided clear explanations every step of the way. I feel confident knowing that my affairs are in order thanks to Wildomar Probate Law.” – Jessica M.
“Steve Bliss is a true professional who goes above and beyond for his clients. His knowledge of estate planning is extensive, and he was able to tailor a plan that perfectly met our unique needs. We highly recommend Wildomar Probate Law to anyone seeking reliable and compassionate legal guidance.” – John and Susan P.
About Steven F. Bliss Esq. at Wildomar Probate Law:
Wildomar Probate Law is an experienced probate attorney. The probate process has many steps in in probate proceedings. Beside Probate, estate planning and trust administration is offered at Wildomar Probate Law. Our probate attorney will probate the estate. Attorney probate at Wildomar Probate Law. A formal probate is required to administer the estate. The probate court may offer an unsupervised probate get a probate attorney. Wildomar Probate law will petition to open probate for you. Don’t go through a costly probate call Wildomar Probate Attorney Today. Call for estate planning, wills and trusts, probate too. Wildomar 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 Wildomar Probate Law: https://maps.app.goo.gl/uBJKvB4rxUb7L9HZ7
Address:
Wildomar Probate Law36330 Hidden Springs Rd Suite E, Wildomar, CA 92595
(951) 412-2800
Feel free to ask Attorney Steve Bliss about: “How can I prevent elder abuse or fraud in my estate plan?” Or any other related questions that you may have estate planning or my estate planning law practice.
Important Facts About Wildomar Probate Law
| California Tax By-Pass Trust Lawyer |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Tax By-Pass Trust Lawyer California |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Tax By-Pass Trust Lawyer |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Tax By-Pass Trust Lawyer |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Tax By-Pass Trust Wildomar |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Credible Tax By-Pass Trust Lawyer in Wildomar |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |