Hello, Moreno Valley residents! My name is Maria Sanchez reporting for Channel 7 News. Today we’re talking with local probate attorney Steve Bliss about the importance of estate planning.
What are some common estate planning tools?
Steve, can you tell us a bit about some of the different estate planning tools available to individuals?
“Certainly, Maria. There are numerous tools available for estate planning, each serving a unique purpose. One popular choice is the revocable living trust,” explains Steve Bliss.
“This type of trust allows individuals to maintain control over their assets during their lifetime while avoiding the complexities and public nature of probate upon their passing. Moreover, it offers privacy as the terms of the trust are not publicly accessible.
How Does a Revocable Living Trust Work?
Steve, can you elaborate on how a revocable living trust functions?
“Absolutely. With a revocable living trust, the individual who creates it, known as the grantor, transfers ownership of their assets into the trust. They then appoint a trustee to manage these assets according to their wishes outlined in the trust document. The grantor can typically act as their own trustee during their lifetime, retaining full control over the assets. Upon the grantor’s death, the trust becomes irrevocable, and the designated successor trustee distributes the assets to the beneficiaries named in the trust.”
Steve emphasizes the importance of seeking legal counsel when establishing a trust. “While the concept may seem straightforward, crafting a trust document that accurately reflects your wishes and complies with all legal requirements is crucial. An experienced probate attorney can guide you through the process and ensure your trust is effective.”
“Ordinarily, I advise clients to review their trusts periodically, especially after significant life events such as marriage, divorce, or the birth of a child. Life circumstances change, and it’s important for your trust to reflect those changes,” adds Steve.
Steve recalls a case where a client had created a revocable living trust years earlier but hadn’t updated it after their children got married and had families of their own. “Consequently, the trust distribution plan no longer aligned with their current wishes. We were able to amend the trust to ensure their grandchildren were included as beneficiaries, avoiding potential complications down the road.”
” Studies by the American Bar Association show that over 60% of Americans do not have a will or trust in place. This lack of planning can lead to unintended consequences and burden loved ones during an already difficult time,” shares Steve.
Moreno Valley Probate Law: Committed to Providing Peace of Mind
“Contact us today for a free consultation to discuss how we can help you create a comprehensive estate plan that meets your specific needs.”
Testimonials
“Steve Bliss and his team at Moreno Valley Probate Law went above and beyond to assist me with my parents’ estate. They were incredibly knowledgeable, compassionate, and always available to answer my questions.”
– Sarah M., Moreno Valley Resident.
“I highly recommend Moreno Valley Probate Law. They made a complex process seem simple and ensured everything was handled smoothly and efficiently.”
– John D., Moreno Valley Resident
About Steven F. Bliss Esq. at Moreno Valley Probate Law:
Moreno Valley Probate Law is an experienced probate attorney. The probate process has many steps in in probate proceedings. Beside Probate, estate planning and trust administration is offered at Moreno Valley Probate Law. Our probate attorney will probate the estate. Attorney probate at Moreno Valley Probate Law. A formal probate is required to administer the estate. The probate court may offer an unsupervised probate get a probate attorney. Moreno Valley Probate law will petition to open probate for you. Don’t go through a costly probate call Moreno Valley Probate Attorney Today. Call for estate planning, wills and trusts, probate too. Moreno Valley 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 Moreno Valley Probate Law: https://maps.app.goo.gl/C7zg2U6pn1B6KyXN8
Address:
Moreno Valley Probate Law23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553
(951) 363-4949
Feel free to ask Attorney Steve Bliss about: “What does a trustee do?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About Moreno Valley Probate Law
| Moreno Valley Totten Trust Attorney |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Totten Trust Attorney Moreno Valley |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Totten Trust Attorney |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Totten Trust Attorney |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
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Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
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Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |