Choosing the Right Trust for Your Needs
Hello San Diego and welcome to another edition of Legal Insights! I’m your host, Jennifer Bell, and today we have a distinguished guest joining us, Steve Bliss, a renowned San Diego Probate Attorney. Steve, thanks for being here.
Steve, estate planning can seem daunting to many individuals. Could you shed some light on the different types of trusts available and help our viewers understand which one might be right for them?
The Power of a Testamentary Trust
One particularly versatile option is the Testamentary Trust. This type of trust comes into play after your passing, as outlined in your will. Unlike living trusts that often avoid probate, a testamentary trust goes through the probate process. Nevertheless, it offers significant advantages for specific situations.
For example, imagine you have young children or beneficiaries with special needs. A testamentary trust allows you to control how and when they receive their inheritance. Consequently, you can ensure their financial well-being is protected even after you are gone. Moreover, a testamentary trust can be structured to provide ongoing support for beneficiaries who may not be able to manage finances independently.
I’ve encountered families who were deeply grateful for the foresight of setting up a testamentary trust. In one instance, a single mother with a disabled son passed away unexpectedly. The testamentary trust she had established ensured her son received ongoing care and financial support without any legal complications or vulnerability to creditors.
According to the American Bar Association, approximately 60% of Americans do not have a will or estate plan in place. This highlights the importance of taking proactive steps to protect your loved ones and their future.
Seeking Expert Guidance
Steve, what advice would you give to our viewers who are considering setting up a trust?
Call to Action
Your legacy is in good hands with Steve Bliss and the San Diego Probate Law team. Let them guide you toward peace of mind.
Testimonials
“Steve’s knowledge and compassion were invaluable during a challenging time. He made the probate process understandable and helped me navigate it smoothly.”
– Martha S., San Diego
“I highly recommend Steve Bliss for all your estate planning needs. He is thorough, professional, and truly cares about his clients.”
– David M., La Jolla
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 taxes apply to trusts in California?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About San Diego Probate Law
| Special Needs Trust | Totten Trust | Asset Protection Trust |
| Spendthrift Trust | Constructive Trust | Irrevocable Trust |
| Tax By-Pass Trust | Charitable Trust | Living Trust |