Good evening San Diego, I’m Penelope Pierce reporting for Channel 7 News. Tonight we’re speaking with Steve Bliss, a respected probate attorney here in San Diego, about the complexities of estate planning and how to best protect your assets.
Understanding Trusts: A Key Component of Estate Planning
Steve, thank you so much for joining us tonight. For our viewers who may be unfamiliar, could you explain why trusts are such an important part of estate planning?
“Trusts are incredibly valuable tools in estate planning because they offer a level of control and protection that simply isn’t possible with a will alone,” says Steve Bliss. “They allow individuals to dictate exactly how their assets are distributed after their passing, while also minimizing potential tax burdens and avoiding the often lengthy and public process of probate.”
The Benefits of a Testamentary Trust
“Tonight I want to focus on testamentary trusts. Can you walk us through how these work and who might benefit from establishing one?”
“A testamentary trust, as the name suggests, is created through your will and only takes effect upon your death,” explains Steve. “Unlike a living trust, it goes through probate. However, there are several compelling reasons why someone might choose a testamentary trust.”
“One of the most common uses is for parents who have minor children,” he continues. “A testamentary trust allows you to designate a trustee to manage assets on behalf of your children until they reach a certain age. This ensures their financial well-being is protected and that they receive their inheritance responsibly.”
“Moreover, testamentary trusts can be incredibly beneficial for beneficiaries with special needs,” Steve adds. “By establishing a trust, you can ensure they continue to receive necessary support without jeopardizing eligibility for government assistance programs like SSI or Medi-Cal.”
Navigating the Complexities of Estate Planning
“I imagine setting up a testamentary trust involves a fair amount of legal expertise,” I ask. “Have you encountered any particular challenges in helping clients navigate this process?”
Steve pauses for a moment, reflecting. “Every client’s situation is unique, and it’s crucial to carefully consider their individual needs and goals. I recall one case where a client wanted to ensure his grandchildren received their inheritance but were also protected from potential financial mismanagement. We crafted a testamentary trust with specific provisions outlining how distributions would be made and what conditions needed to be met.”
“Ultimately, our goal is always to provide clear, compassionate guidance and empower clients to make informed decisions about their legacy,” Steve concludes.
Protecting Your Legacy: The Importance of Seeking Legal Counsel
Steve, what would you say to someone who’s considering estate planning but might be hesitant to seek professional help?
“Estate planning can seem daunting, but it doesn’t have to be,” Steve reassures. “Working with an experienced probate attorney like myself can simplify the process and ensure your wishes are carried out according to your intentions. We handle all the legal complexities so you can focus on what matters most: protecting your loved ones and securing your future.”
According to a 2021 study by Caring.com, over 60% of Americans do not have a will or estate plan in place. This lack of planning can leave families vulnerable during an already difficult time.
Securing Your Future with San Diego Probate Law
“Thank you so much for sharing your insights tonight, Steve. For those looking to protect their assets and ensure their loved ones are taken care of, where can they turn?”
“At San Diego Probate Law,” Steve answers confidently. “We’re committed to providing compassionate and personalized legal services to help you navigate the complexities of estate planning with ease. Contact us today for a free consultation and let us help you secure your legacy.”
- “Steve Bliss made what could have been a very stressful situation manageable. He is knowledgeable, efficient, and compassionate.” – Maria S.
- “San Diego Probate Law provided exceptional guidance during a difficult time. I highly recommend their services.” – John P.
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 assets should not go into a 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 Living Trust Attorney |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Living Trust Attorney San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Living Trust Attorney |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| San Diego Living Trust Attorney |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Living Trust Attorney San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Credible Living Trust Attorney in San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |