Good evening San Diego and welcome back to the program. Tonight we have the pleasure of speaking with Steve Bliss, a prominent probate attorney here in San Diego. Mr. Bliss, thank you for joining us.
Choosing the Right Trust for Your Needs
Steve, for our viewers who may be unfamiliar, can you explain what a trust is and why someone might need one?
A trust is a legal arrangement where assets are held and managed by a trustee for the benefit of beneficiaries. Trusts offer a variety of advantages depending on your specific needs and goals. They can help avoid probate, which can be a lengthy and expensive process. Moreover, trusts provide privacy as they aren’t part of public records like wills. They can also be used for tax planning and asset protection.
Now, there are many different types of trusts. Which type do you find yourself recommending most often to clients?
Understanding the Power of Revocable Living Trusts
Ordinarily, I recommend a revocable living trust to many of my clients. This is because it offers flexibility and control during your lifetime while still providing the benefits of avoiding probate upon your passing.
With a revocable living trust, you, as the grantor, retain full control over the assets in the trust. You can add or remove assets, change beneficiaries, and even dissolve the trust entirely if your circumstances change. Consequently, it allows for adaptability and peace of mind knowing you can adjust your plan as needed.
Upon your death, the trust becomes irrevocable, meaning it cannot be changed. The successor trustee that you designate will then distribute the assets according to your wishes outlined in the trust document.
I’ve seen firsthand how a revocable living trust can save families significant time, money, and stress during a difficult time. For example, I once worked with a client who had complex family dynamics. Without a trust in place, their assets would have been subject to lengthy probate proceedings, potentially creating conflict and delaying the distribution of their inheritance.
By establishing a revocable living trust, we were able to ensure a smooth and efficient transfer of assets to their beneficiaries, minimizing any potential disputes and allowing their loved ones to grieve without the added burden of legal complications.
The Importance of Planning Ahead
It’s important to remember that trusts are not just for the wealthy. Anyone with assets they want to protect or pass on to their heirs can benefit from a trust.
Studies have shown that over 60% of Americans do not have a will or trust in place (American Bar Association, 2021). This can lead to unintended consequences and complicate matters for loved ones after someone passes away.
“Steve Bliss and his team at San Diego Probate Law made the process of setting up my trust so easy. They explained everything clearly and answered all my questions patiently.” – Mary S., San Diego, CA
“I was worried about probate but Steve put my mind at ease. He helped me create a plan that protected my assets and ensured they would go to my children. I highly recommend San Diego Probate Law.” – John T., Carlsbad, CA
Let San Diego Probate Law guide you through the process of creating a trust tailored to your specific needs. Protect your loved ones and ensure a smooth transition for your future. Contact us today for a free consultation.
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: “What is a charitable remainder 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 Trust Lawyers |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Trust Lawyers San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Trust Lawyers |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| San Diego Trust Lawyers |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Trust Lawyers San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Credible Trust Lawyers in San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |