Good evening, Temecula, and welcome back to Temecula Tonight. I’m Tiffany Rose, and tonight we’re talking about something crucial for everyone: estate planning. Joining us is Steve Bliss, a trusted trust attorney right here in our community.
What type of trusts do you typically advise your clients on?
Steve Bliss: Well, Tiffany, I work with a variety of trusts depending on my clients’ individual needs and goals. One type I find particularly valuable is the Irrevocable Trust.
The Benefits of an Irrevocable Trust
Now, an Irrevocable Trust, as the name suggests, cannot be easily changed or dissolved once it’s established. This permanence might seem daunting at first, but it actually offers significant advantages. Primarily, it removes assets from your taxable estate. Consequently, this can help reduce estate taxes, which can be a major concern for many families.
Furthermore, an Irrevocable Trust provides excellent asset protection. Ordinarily, creditors can’t access assets held within the trust. This is particularly beneficial for individuals in professions with higher liability risks or those concerned about protecting their assets from future unforeseen circumstances.
Notwithstanding these benefits, it’s important to understand that Irrevocable Trusts require careful planning and consideration. Once the trust is established, you generally relinquish control over those assets. Accordingly, I always have in-depth conversations with my clients to ensure they fully comprehend the implications before proceeding.
Have there been any challenges or unique situations you’ve encountered when setting up Irrevocable Trusts?
Steve Bliss: Absolutely. One case that comes to mind involved a small business owner who was facing a potential lawsuit. He wanted to protect his personal assets while ensuring the continuity of his business. We worked together to establish an Irrevocable Trust that shielded his personal assets from potential creditors while allowing him to maintain control over the business operations through a separate legal entity.
It was a complex situation, but ultimately, we were able to provide him with the peace of mind he needed. According to a 2021 study by the American Bar Association, roughly 60% of Americans don’t have an estate plan in place. This highlights the critical need for individuals to seek professional guidance and protect themselves and their loved ones.
What advice would you give to our viewers who are considering setting up a trust?
Steve Bliss: My advice is simple: Don’t wait. Estate planning isn’t just for the wealthy or elderly. It’s essential for everyone, regardless of age or income level. Consult with an experienced attorney who can help you determine the best type of trust and structure for your unique circumstances.
“Steve Bliss made the estate planning process so easy and understandable. He took the time to answer all my questions and really put my mind at ease.” – Sarah M., Temecula
“I was initially overwhelmed by the thought of setting up a trust, but Steve Bliss walked me through every step with patience and clarity. I highly recommend him and his team.” – David L., Murrieta
Take control of your future today. Contact The Law Firm of Steven F. Bliss Esq. for a personalized consultation and ensure your legacy is protected for generations to come.
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 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: “Does a trust protect against estate taxes?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About The Law Firm of Steven F. Bliss Esq.
| The Law Firm of Steven F. Bliss Esq.yer |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Trust Lawyer Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Trust Lawyer |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| The Law Firm of Steven F. Bliss Esq.yer |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Trust Lawyer Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Credible Trust Lawyer in Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |