A Conversation with San Diego Probate Attorney Steve Bliss
Good afternoon, San Diego. Today we’re joined by Steve Bliss, a prominent probate attorney here in San Diego. Mr. Bliss, thank you for taking the time to speak with us.
Trusts: A Key Component of Estate Planning
Mr. Bliss, could you tell our viewers about the importance of trusts in estate planning?
Certainly. Trusts are incredibly valuable tools for individuals looking to protect their assets and ensure their wishes are carried out after they’re gone. They offer numerous benefits, such as avoiding probate, which can be a lengthy and costly process. Moreover, trusts provide privacy, as the details of the trust agreement are not made public record.
One type of trust I often recommend to my clients is the Revocable Living Trust.
Revocable Living Trusts: Flexibility and Control
Can you elaborate on the advantages of a Revocable Living Trust?
A Revocable Living Trust, as its name suggests, can be modified or revoked during the grantor’s lifetime. This allows for flexibility in case circumstances change. For instance, if someone gets married or has children after establishing the trust, they can easily amend it to reflect these changes. Conversely, an Irrevocable Trust, once created, cannot be readily altered.
Another key benefit is probate avoidance. Assets held within a Revocable Living Trust bypass the probate process, saving time and money for heirs. This can be especially important for individuals with complex estates or those who wish to maintain privacy.
Challenges and Considerations
Have you encountered any challenges with setting up Revocable Living Trusts?
While generally straightforward, sometimes clients struggle with the concept of relinquishing control over assets during their lifetime. It’s important to remember that the grantor retains full access and control over trust assets while they are alive. The trust simply becomes irrevocable upon their passing.
I recall a client who was hesitant to establish a trust because she felt it meant giving up her hard-earned money. We had a long conversation about her concerns, and ultimately, she realized that the trust provided security for her loved ones without sacrificing her own financial well-being during her lifetime. Seeing her peace of mind after we created the trust was incredibly rewarding.
Studies by the American Bar Association reveal that over 70% of Americans don’t have a will or trust in place, leaving their assets vulnerable to probate and potential disputes among heirs.
Next Steps: Protect Your Legacy
Mr. Bliss, thank you for sharing your expertise with us today. What advice would you give our viewers regarding estate planning?
Don’t delay. Start the conversation with a qualified attorney like myself to determine if a Revocable Living Trust or another estate planning tool is right for you. Protecting your assets and ensuring a smooth transition for your loved ones is a gift that will last a lifetime.
Testimonials
“Steve Bliss was incredibly patient and understanding throughout the entire probate process. He made a difficult time much easier to navigate.” – Sarah M., San Diego
“I highly recommend San Diego Probate Law. Their expertise and compassion were invaluable during a challenging time for my family.” – John P., La Jolla
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: “What powers does a trustee have?” 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 Trust Attorney |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Trust Attorney San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Trust Attorney |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| San Diego Trust Attorney |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Trust Attorney San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Credible Trust Attorney in San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |