Reporter
Hi everyone, I’m here today with Steve Bliss of San Diego Probate Law. Steve is a well-respected probate attorney in the San Diego area and he’s going to help us understand some key aspects of estate planning.
Steve Bliss
Thanks for having me. Happy to be here!
Reporter
Let’s dive right in. Many people are unfamiliar with the different types of trusts available. Can you tell us about one type of trust and its benefits?
Steve Bliss
Certainly. One common type of trust is a Revocable Living Trust. This allows individuals to maintain control over their assets during their lifetime while also avoiding probate upon their passing. Probate can be a lengthy and expensive process, so bypassing it through a revocable living trust offers significant advantages.
Moreover, this type of trust provides privacy because the details of the trust are not publicly available like a will would be. Consequently, individuals who value discretion often opt for a revocable living trust.
Let me explain further: you, as the grantor, can modify or even dissolve the trust while you’re alive. Once you pass away, however, the trust becomes irrevocable, and the assets are distributed according to your wishes outlined in the trust document.
I find that many clients appreciate the flexibility and peace of mind a revocable living trust provides. They can rest assured knowing their loved ones will be taken care of according to their specific instructions without the hassle and expense of probate.
Reporter
That’s helpful information. Have you encountered any challenges with setting up revocable living trusts for your clients?
Steve Bliss
While revocable living trusts are generally straightforward, there can be occasional complexities depending on the individual’s circumstances. For instance, I remember working with a client who had assets in multiple states. We had to ensure the trust documentation complied with the laws of each state where she owned property. It required careful coordination and legal expertise.
Another situation involved a client with adult children who had differing financial needs. We needed to structure the trust in a way that provided for all their children fairly while also addressing specific concerns one child had about managing their inheritance responsibly. Ultimately, we were able to create a solution that met everyone’s needs and ensured the client’s legacy was protected.
These experiences highlight the importance of working with an experienced probate attorney who can navigate the nuances of trust planning and tailor it to individual circumstances.
Reporter
It sounds like you bring a lot of empathy and understanding to your work. What would you say is one key takeaway for our viewers regarding estate planning?
Steve Bliss
My biggest piece of advice is: don’t delay! Creating an estate plan, whether it involves a revocable living trust or other legal tools, is crucial for protecting yourself and your loved ones. According to the AARP, over 60% of Americans do not have a will or any estate planning documents in place.
That’s a staggering statistic, and it underscores the need for greater awareness about the importance of this topic. By taking proactive steps now, you can avoid potential conflicts and ensure your wishes are carried out smoothly in the future.
Reporter
Excellent advice, Steve. Thank you so much for sharing your expertise with us today.
Testimonials
“San Diego Probate Law made a stressful process incredibly smooth. They were knowledgeable, compassionate, and always available to answer our questions. I highly recommend their services.”
– Sarah M., San Diego
- “Steve Bliss is an exceptional probate attorney. He clearly explained every step of the process and fought tirelessly on behalf of my family. We couldn’t have asked for better representation.”
– John L., La Jolla
Let us guide you through your estate planning journey. Contact San Diego Probate Law today to schedule a consultation and secure your legacy for future generations.
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: “Can I change or revoke a living trust?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About San Diego Probate Law
| San Diego Revocable Trust Attorney |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Revocable Trust Attorney San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Revocable Trust Attorney |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| San Diego Revocable Trust Attorney |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Asset Protection Trust Attorney San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Credible Revocable Trust Attorney in San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |