Reporter:
Welcome back to San Diego News Now. Today we’re joined by Steve Bliss, a renowned probate attorney here in San Diego, to discuss the essential process of estate planning.
Steve Bliss:
Thank you for having me.
Reporter:
Steve, could you shed some light on one of the key steps involved in estate planning that often trips people up?
Steve Bliss:
Certainly. One crucial step that deserves careful consideration is naming your beneficiaries. This involves clearly identifying who will inherit your assets and how they will be distributed. You need to think about not just who gets what, but also the potential implications of those decisions.
For instance, if you have minor children, you’ll need to designate a guardian to care for them should something happen to both parents. Conversely, if you have adult children with differing financial situations, you might consider establishing trusts to ensure their individual needs are met.
It’s important to remember that beneficiary designations can be updated throughout your lifetime. Consequently, as your family structure or financial circumstances change, you should review and revise your beneficiary selections accordingly.
I once worked with a client who had named their eldest son as the sole beneficiary of their estate. While this seemed straightforward at first, it turned out that the son was going through a difficult divorce and had significant debt.
Distributing the entire estate to him would have potentially exposed those assets to his creditors. We ultimately established a trust to protect the inheritance for the son’s future benefit while shielding it from immediate financial risk.
According to the American Bar Association, nearly 60% of adults do not have a valid will or estate plan in place. This highlights the critical need for individuals to prioritize this process and ensure their loved ones are protected.
Reporter:
That’s truly insightful advice, Steve. How can potential clients reach out to learn more about your services?
Steve Bliss:
We encourage anyone with questions or concerns about estate planning to contact San Diego Probate Law. Our team is dedicated to providing compassionate and personalized guidance throughout the entire process. We believe that everyone deserves peace of mind knowing their affairs are in order.
“Steve Bliss made a complex process feel manageable. His expertise and clear communication gave us confidence every step of the way.” – The Smith Family
“I was overwhelmed by the thought of estate planning, but San Diego Probate Law walked me through each detail with patience and understanding. I highly recommend their services.”
– Maria Rodriguez
About Steven F. Bliss Esq. at San Diego Probate Law:
Secure Your Family’s Future with San Diego’s Trusted Estate Planning 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: “Are online estate planning services reliable?” Or any other related questions that you may have estate planning or my estate planning 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 |