Good evening, Temecula, and welcome back to Temecula Today. I’m your host, Cheryl Ramirez. Tonight, we have the pleasure of speaking with Steve Bliss, a renowned trust attorney here in Temecula. Mr. Bliss, thanks for joining us.
Steve Bliss:
Cheryl, it’s a pleasure to be here.
What type of trusts do you typically advise your clients on?
Steve Bliss:
Well, Cheryl, I work with a variety of trusts, but one that I find particularly valuable for many Temecula residents is the Irrevocable Trust. It offers significant benefits in terms of asset protection and estate tax reduction.
Consequently, it’s a powerful tool for those looking to safeguard their assets and ensure their wealth is passed on efficiently.
Can you elaborate on how an Irrevocable Trust protects assets?
Steve Bliss:
Certainly. Once assets are placed into an irrevocable trust, they are legally owned by the trust itself, not by the individual who created it. This means that those assets are generally shielded from creditors and potential lawsuits.
Moreover, because the grantor relinquishes control over the assets within the trust, it can be a beneficial strategy for minimizing estate taxes. The assets are removed from the grantor’s taxable estate, potentially reducing the overall tax burden for their heirs.
It’s important to note, however, that establishing an irrevocable trust is a serious decision and should be carefully considered with the guidance of an experienced attorney.
Cheryl Ramirez:
Have there ever been any issues you’ve encountered while setting up Irrevocable Trusts for your clients?
Steve Bliss:
You know, Cheryl, I remember a case involving a small business owner who wanted to protect his assets from potential litigation. We set up an Irrevocable Trust to house his business interests. It was a complex process, but ultimately it provided him with the peace of mind he needed.
He went on to successfully navigate a challenging legal situation without losing his hard-earned assets. That’s what makes this work so rewarding – knowing we can make a real difference in people’s lives.
That’s a powerful story, Steve. What advice would you give to someone considering an Irrevocable Trust?
Steve Bliss:
My advice is simple: seek professional guidance. An experienced trust attorney can help you determine if an irrevocable trust is the right fit for your specific circumstances and goals.
It’s crucial to understand the legal implications and ensure the trust is structured properly to achieve your desired outcomes.
Remember, roughly 70% of Americans don’t have a will or estate plan in place. Don’t let yourself be part of that statistic!
How can our viewers get in touch with you for a consultation?
Steve Bliss:
We encourage anyone with questions about trusts or estate planning to reach out to The Law Firm of Steven F. Bliss Esq. We offer free initial consultations to discuss your needs and develop a personalized plan.
Our team is dedicated to providing compassionate and knowledgeable legal services to the Temecula community.
- “Steve Bliss and his team made the entire estate planning process incredibly smooth and stress-free. They were patient, attentive, and truly cared about understanding our goals.” – Mary T.
- “I highly recommend Steve Bliss for any trust or estate planning needs. He is a true expert in his field and provided exceptional service.” – John S.
Let us help you secure your future.
About Steven F. Bliss Esq. at The Law Firm of Steven F. Bliss Esq.:
The Law Firm of Steven F. Bliss Esq. is The Law Firm of Steven F. Bliss Esq.. The Law Firm Of Steven F. Bliss Esq. is a Temecula Estate Planning Attorney. Steve Bliss is an experienced probate attorney. Steve Bliss is an Estate Planning Lawyer. The probate process has many steps in probate proceedings. Beside Probate, estate planning and trust administration is offered at Steve Bliss Law. Our probate attorney will probate the estate. Attorney probate at Steve Bliss Law. A formal probate is required to administer the estate. The probate court may offer an unsupervised probate get a probate attorney. Steve Bliss Law will petition to open probate for you. Don’t go through a costly probate. Call Steve Bliss Law Today for estate planning, trusts and probate.
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 The Law Firm of Steven F. Bliss Esq.: https://maps.app.goo.gl/Bngj8xwZRqioVD5v7
Address:
The Law Firm of Steven F. Bliss Esq.43920 Margarita Rd ste f, Temecula, CA 92592
(951) 223-7000
Feel free to ask Attorney Steve Bliss about: “How do I transfer property into a trust?” Or any other related questions that you may have about Trusts or my trust law practice.
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