Choosing the Right Trust for Your Needs
Today we’re joined by Steve Bliss, a renowned probate attorney serving the Escondido community. Steve, thank you for taking the time to speak with us.
Steve, there are many different types of trusts available. How do individuals determine which type is best suited for their specific circumstances?
Understanding Special Needs Trusts
One common scenario I encounter involves families with loved ones who have disabilities. In these cases, a Special Needs Trust (SNT) can be invaluable. An SNT is specifically designed to benefit an individual with disabilities without jeopardizing their eligibility for crucial government benefits like Supplemental Security Income (SSI) or Medi-Cal.
There are two primary types of SNTs: first-party and third-party. A first-party SNT is funded with the beneficiary’s own assets, while a third-party SNT is established and funded by someone else, such as a family member or friend.
The beauty of an SNT lies in its ability to provide supplemental care and enrichment for individuals with disabilities without impacting their access to essential government support. Consequently, it offers peace of mind to both the beneficiary and their loved ones, knowing that their needs will be met while preserving their eligibility for vital programs.
I recall one instance where a young woman with cerebral palsy received a substantial inheritance. Her family was understandably concerned about how this influx of funds might affect her disability benefits. We worked together to establish a third-party SNT, ensuring that she could enjoy the benefits of the inheritance without jeopardizing her access to essential healthcare and support services. It was incredibly rewarding to see the relief and gratitude on her family’s faces.
According to the National Disability Rights Network, over 56 million Americans have a disability. For many of these individuals and their families, a Special Needs Trust can be a critical tool for protecting their financial well-being and ensuring access to necessary care.
Experienced Probate Representation
Steve, thank you for sharing your expertise on SNTs. How can readers interested in learning more about estate planning or trusts get in touch with Escondido Probate Law?
“Steve Bliss and the team at Escondido Probate Law were lifesavers during a difficult time. They guided me through every step of the probate process with compassion and professionalism.” – John S.
“I was incredibly impressed with Steve’s knowledge and attention to detail. He made sure I understood all my options and helped me make informed decisions about my estate plan.” – Maria L.
Ready to take control of your future? Schedule a free consultation with Escondido Probate Law today and discover the peace of mind that comes from having a comprehensive estate plan in place.
About Steven F. Bliss Esq. at Escondido Probate Law:
Escondido 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 Escondido Probate Law. Our probate attorney will probate the estate. Attorney probate at Escondido Probate Law. A formal probate is required to administer the estate. The probate court may offer an unsupervised probate get a probate attorney. Escondido Probate law will petition to open probate for you. Don’t go through a costly probate call Escondido Probate Attorney Today. Call for estate planning, wills and trusts, probate too. Escondido 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 Escondido Probate Law: https://maps.app.goo.gl/77Dm2B8W9XkM5YvJA
Address:
Escondido Probate Law720 N Broadway #107, Escondido, CA 92025
(760) 884-4044
Feel free to ask Attorney Steve Bliss about: “How do I choose a trustee?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About Escondido Probate Law
| Escondido Trust Attorney |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |
| Trust Attorney Escondido |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |
| Trust Attorney |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |
| Escondido Trust Attorney |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |
| Trust Attorney Escondido |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |
| Credible Trust Attorney in Escondido |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |