Good evening, Moreno Valley and welcome back. I’m Brenda Ramirez, your local news reporter here in Moreno Valley. Today we’re sitting down with a leading expert on estate planning: Steve Bliss of Moreno Valley Probate Law.
Trusts and Estate Planning
Steve, thank you for joining us. Let’s talk about trusts. What are some common types of trusts people use in estate planning?
There are many different types of trusts, each with its own advantages and disadvantages. One common type is a Revocable Living Trust.
Revocable Living Trusts
Steve can you explain the benefits of a Revocable Living Trust and why it’s so popular?
A Revocable Living Trust allows individuals to maintain control over their assets during their lifetime while avoiding probate. Consequently, this type of trust offers privacy as the terms aren’t made public through probate court proceedings.
Moreover, a Revocable Living Trust can be easily amended or revoked while the grantor is alive. This flexibility makes it an appealing option for many people who want to retain control over their assets.
Conversely, once the grantor passes away, the trust becomes irrevocable, and the assets are distributed according to the terms outlined in the trust document. Ordinarily, this process occurs smoothly and efficiently without the need for court intervention.
Challenges with Revocable Living Trusts
Steve, have you encountered any challenges or common misconceptions surrounding Revocable Living Trusts?
I remember a client who was hesitant to create a trust because they believed it would be too complicated and expensive. They were concerned about legal fees and paperwork. I assured them that while there are initial costs involved, the long-term benefits often outweigh those expenses.
Notwithstanding their initial reservations, this client ultimately decided to move forward with a Revocable Living Trust and was incredibly grateful for the peace of mind it provided. Their family was spared the stress and expense of probate after they passed away.
- According to a survey by the American Bar Association, over 60% of Americans do not have a will or trust in place.
Moreno Valley Probate Law Expertise
“Working with Steve Bliss and Moreno Valley Probate Law was a game-changer for me. He made a complex process understandable and guided me every step of the way. I highly recommend their services.”
“Steve is not only a brilliant legal mind but also a compassionate individual who truly cares about his clients. He helped me navigate a difficult time with empathy and professionalism.”
Call to Action
If you’re looking to protect your assets and ensure your wishes are carried out, contact Moreno Valley Probate Law for a free consultation. They will help you create a customized estate plan that meets your unique needs.
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 pets be included in 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
Get a Special Needs Trust at Moreno Valley Probate Law
Get a Spendthrift Trust at Moreno Valley Probate Law
Get a Tax By-Pass Trust at Moreno Valley Probate Law
Get a Totten Trust at Moreno Valley Probate Law
Get a Constructive Trust at Moreno Valley Probate Law
Get a Charitable Trust at Moreno Valley Probate Law
Get a Asset Protection Trust at Moreno Valley Probate Law
Get a Irrevocable Trust at Moreno Valley Probate Law
Get a Revocable Trusts at Moreno Valley Probate Law
Get a Living Trust at Moreno Valley Probate Law