Good evening, Moreno Valley and welcome back to MV News Tonight. I’m Tiffany Carter, and tonight we’re sitting down with local probate attorney Steve Bliss to discuss the often-complex world of estate planning.
Understanding Trusts: A Cornerstone of Estate Planning
Steve, thanks for joining us. Many people might not fully understand what a trust is or why it’s important. Can you shed some light on this for our viewers?
“Certainly Tiffany. A trust is essentially a legal arrangement where one party, known as the grantor, transfers assets to another party, called the trustee. The trustee then manages and distributes those assets according to the grantor’s instructions outlined in the trust document. Trusts are powerful tools for a variety of reasons.
The Benefits of a Testamentary Trust
“Let’s focus on testamentary trusts tonight, Steve. What makes them unique?
“A testamentary trust is created through your will and only takes effect after you pass away. This means it goes through probate court. Now, while that might sound like a drawback, testamentary trusts are incredibly useful in certain situations.”
” For example, imagine parents who want to ensure their minor children are financially cared for after they’re gone. A testamentary trust allows them to designate a trustee to manage the inheritance until the children reach a certain age. This protects the assets and prevents them from being squandered prematurely. Moreover, testamentary trusts can be tailored to address specific needs, such as providing for beneficiaries with disabilities without jeopardizing their eligibility for government benefits.”
” Conversely, if someone wants to avoid probate altogether, a living trust might be more suitable.
Navigating the Complexities: Real-Life Experiences
“Have you encountered any unique challenges or heartwarming stories while helping clients set up testamentary trusts, Steve?
“There was one instance that really touched me. A young mother, battling a serious illness, wanted to ensure her two young daughters would be well cared for in the event of her passing. We worked closely with her to create a detailed testamentary trust outlining how her assets should be managed and distributed for their education and future needs. Seeing her find peace of mind knowing her children would be protected was truly fulfilling.”
“The fact is, over 60% of Americans don’t have a will or estate plan in place. That means their assets are subject to the whims of state law, which might not align with their wishes.” (Source: AARP)
Protecting Your Legacy: Taking Action
“Steve, what’s your advice to viewers who may be considering a testamentary trust or other estate planning tools?
“The most important step is to consult with an experienced probate attorney. We can help you understand the different types of trusts and determine which one best suits your individual circumstances and goals.”
Testimonials
“Moreno Valley Probate Law helped us navigate a difficult time after my father’s passing. Their professionalism, compassion, and knowledge made a complex process so much easier to handle. I highly recommend them.”
- – Sarah J. Moreno Valley
“Steve Bliss is an exceptional probate attorney. He explained everything in clear terms, answered all our questions patiently, and guided us through the entire process smoothly. We felt confident and supported throughout.”
- – Michael K., Riverside
Secure Your Future Today
Don’t leave your loved ones facing uncertainty. Schedule a consultation with Moreno Valley Probate Law today to discuss how we can help protect your legacy and ensure your wishes are honored.
About Steven F. Bliss Esq. at Moreno Valley Probate Law:
Moreno Valley Probate Law is an experienced probate attorney. The probate process has many steps in probate proceedings. Beside Probate, estate planning and trust administration is offered at Moreno Valley Probate Law. Our probate attorney will probate the estate. Attorney probate at Moreno Valley Probate Law. A formal probate is required to administer the estate. The probate court may offer an unsupervised probate get a probate attorney. Moreno Valley Probate law will petition to open probate for you. Don’t go through a costly probate call Moreno Valley Probate Attorney Today. Call for estate planning, wills and trusts, probate too. Moreno Valley 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 Moreno Valley Probate Law: https://maps.app.goo.gl/C7zg2U6pn1B6KyXN8
Address:
Moreno Valley Probate Law23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553
(951) 363-4949
Feel free to ask Attorney Steve Bliss about: “Can I disinherit someone using a trust?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About Moreno Valley Probate Law
- Special Needs Trust Lawyers
- Spendthrift Trust Lawyers
- Tax By-Pass Trust Lawyers
- Totten Trust Lawyers
- Constructive Trust Lawyers
- Charitable Trust Lawyers
- Asset Protection Trust Lawyers
- Irrevocable Trust Lawyers
- Revocable Trusts Lawyers
- Living Trust Lawyers