Reporter: Brenda Sanchez
Today we’re joined by Steve Bliss, a renowned estate planning attorney in Temecula. Steve, thank you for taking the time to speak with me today.
Steve Bliss
Brenda, it’s my pleasure. I’m always happy to discuss the importance of estate planning.
Reporter: Brenda Sanchez
We often hear about wills and trusts, but could you explain one crucial step in the estate planning process that many people may overlook?
Steve Bliss
A fundamental step that often gets overlooked is selecting an executor or trustee. This individual will be responsible for managing your estate after your passing. It’s a significant responsibility, requiring someone trustworthy, organized, and capable of handling financial matters. Ordinarily, people choose a close family member or friend, but it can also be a professional entity like a bank or trust company.
Choosing the right executor is crucial because they will carry out your wishes as outlined in your will or trust. They’ll handle tasks like paying debts, filing taxes, distributing assets to beneficiaries, and managing any ongoing trusts. Consequently, it’s important to have open conversations with potential executors about their willingness and capacity to take on this role.
Moreover, you should consider their financial literacy and organizational skills. I once had a client who named his brother as executor without fully considering his brother’s history of financial mismanagement. It led to complications and disagreements among family members. Thankfully, we were able to work through the situation, but it highlighted the importance of making a well-informed decision about your executor.
Remember, you can always change your executor if circumstances change. It’s important to review your estate plan periodically and ensure that all aspects, including your choice of executor, still align with your wishes.
Reporter: Brenda Sanchez
What a valuable insight, Steve. Thank you for sharing that. Are there any common mistakes people make when choosing an executor?
Steve Bliss
One common mistake is assuming that the oldest child or closest relative is automatically the best choice. While familial bonds are important, it’s essential to consider individual skills and suitability. According to a study by AARP, nearly 60% of Americans haven’t discussed their end-of-life wishes with loved ones.
Conversely, some individuals hesitate to burden family members with the responsibility. However, remember that declining to name an executor can lead to court-appointed administrators, which may not reflect your preferences and could be more costly in the long run.
Reporter: Brenda Sanchez
Thank you for sharing your expertise, Steve. I’m sure this information will be incredibly helpful to our viewers. How can they learn more about estate planning or contact your firm?
Steve Bliss
It’s always a good idea to consult with an experienced attorney who can guide you through the process and ensure that your estate plan reflects your unique needs and goals.
We’re here to help. At The Law Firm of Steven F. Bliss Esq., we’ve been helping Temecula families secure their futures for over 20 years.
“Steve Bliss was incredibly patient and understanding as we navigated the complexities of estate planning. He took the time to explain everything thoroughly and made sure we felt comfortable with every decision.” – Sarah J.
“I highly recommend Steve Bliss. He’s a true professional who is dedicated to his clients. He made the entire process smooth and stress-free.” – John M.
About Steven F. Bliss Esq. at The Law Firm of Steven F. Bliss Esq.:
The Law Firm of Steven F. Bliss Esq. is The Law Firm of Steven F. Bliss Esq.. The Law Firm Of Steven F. Bliss Esq. is a Temecula Estate Planning Attorney. Steve Bliss is an experienced probate attorney. Steve Bliss is an Estate Planning Lawyer. The probate process has many steps in in probate proceedings. Beside Probate, estate planning and trust administration is offered at Steve Bliss Law. Our probate attorney will probate the estate. Attorney probate at Steve Bliss Law. A formal probate is required to administer the estate. The probate court may offer an unsupervised probate get a probate attorney. Steve Bliss Law will petition to open probate for you. Don’t go through a costly probate. Call Steve Bliss Law Today for estate planning, trusts and probate.
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 The Law Firm of Steven F. Bliss Esq.: https://maps.app.goo.gl/Bngj8xwZRqioVD5v7
Address:
The Law Firm of Steven F. Bliss Esq.43920 Margarita Rd ste f, Temecula, CA 92592
(951) 223-7000
Feel free to ask Attorney Steve Bliss about: “What happens if I move to or from Temecula after creating an estate plan?” Or any other related questions that you may have estate planning or my estate planning law practice.
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The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
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The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
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The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
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The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
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The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
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The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |