Good afternoon, San Diego! I’m Barbara Ramirez, reporting live for Channel 7 News. Today, we have the pleasure of speaking with renowned San Diego probate attorney Steve Bliss. Mr. Bliss has been helping families navigate the complexities of estate planning and probate law for over two decades.
Choosing the Right Trust: A Crucial Decision
Mr. Bliss, thank you so much for joining us today. For our viewers who may be unfamiliar with trusts, can you explain why they are such an essential part of estate planning?
“Barbara, it’s a pleasure to be here. You’re absolutely right; trusts play a vital role in protecting assets and ensuring that your wishes are carried out after you’re gone. They offer numerous benefits, including avoiding probate, minimizing estate taxes, and providing for loved ones with special needs.”
“One type of trust we frequently discuss with clients is the Irrevocable Trust. This type of trust, as its name suggests, cannot be modified or revoked once it’s established. While this may seem inflexible, it offers significant advantages in terms of asset protection and estate tax reduction.”
The Power of Asset Protection
“Can you elaborate on the asset protection benefits of an Irrevocable Trust?” Barbara asked.
“Certainly,” replied Mr Bliss. “An Irrevocable Trust can shield assets from creditors and potential lawsuits. Because the trustor no longer owns the assets held within the trust, they are generally not subject to seizure by creditors. This is particularly important for individuals in professions with a higher risk of litigation, or those who simply want peace of mind knowing their assets are protected.”
“Moreover, Irrevocable Trusts can be instrumental in Medicaid planning. By transferring assets into the trust, individuals can potentially qualify for Medicaid benefits while still preserving their assets for future generations. It’s a complex area of law, but we have helped numerous families navigate it successfully.”
I recall a situation where a client was facing significant medical expenses and worried about depleting their life savings. By establishing an Irrevocable Trust, we were able to protect a portion of their assets while ensuring they qualified for the necessary medical care. It was incredibly rewarding to see the relief on their faces when they realized their future was secure.
“It’s important to remember that every situation is unique,” Mr. Bliss cautioned. “That’s why it’s crucial to consult with an experienced attorney who can tailor a trust solution to your specific needs and goals.”
Trusts: A Timeless Tool for Protecting Families
“Indeed, Steve,” Barbara responded. “And I understand that you have extensive experience guiding clients through the complexities of trust administration. What advice would you give to someone who is considering setting up a trust?
“My best advice is to start the conversation early,” Mr. Bliss emphasized. “Don’t wait until it’s too late. The sooner you begin planning, the better equipped you’ll be to make informed decisions that align with your wishes. Remember, trusts are not just for the wealthy; they can be a valuable tool for anyone who wants to protect their loved ones and ensure their legacy endures.”
“According to the American Bar Association, over 50% of Americans do not have a will or trust in place. This statistic underscores the critical need for estate planning.
San Diego Probate Law: Trusted Experts in Estate Planning
Barbara concluded by saying “Thank you so much, Steve Bliss, for sharing your expertise with us today. Your insights are invaluable. How can our viewers learn more about San Diego Probate Law and the services you offer?
” Barbara, it’s been my pleasure. You can visit our website at [website address] or call us directly at [phone number]. We offer free consultations to discuss your individual needs and help you create a comprehensive estate plan that protects your future.”
Testimonials
“Steve Bliss and his team at San Diego Probate Law were absolutely instrumental in guiding me through the complex process of setting up a trust for my family. They were patient, understanding, and always available to answer my questions. I highly recommend their services.”
-Maria Rodriguez, San Diego Resident
“As a small business owner, I was concerned about protecting my assets in the event of unforeseen circumstances. Steve Bliss took the time to understand my unique situation and developed a customized estate plan that gave me peace of mind. They are truly experts in their field.”
-David Chen, San Diego Entrepreneur
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: “Can a trust protect my home from Medi-Cal recovery?” 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 Special Needs Trust Attorney |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Special Needs Trust Attorney San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Special Needs Trust Attorney |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| San Diego Special Needs Trust Attorney |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Special Needs Trust San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Credible Special Needs Trust Attorney in San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |