Hello Temecula, I’m Cindy Jones reporting live for KTEM News. Today we have the pleasure of speaking with Steve Bliss, a renowned trust attorney here in our community. Mr. Bliss, thank you so much for joining us.
Steve Bliss: Thank You
It’s my pleasure to be here, Cindy. I’m always happy to talk about estate planning and the importance of protecting your loved ones.
Why Do People Choose Trusts Over Traditional Wills?
That’s a great question, Cindy. While wills are essential for distributing assets after death, trusts offer several significant advantages. Primarily, they allow for greater control over your assets even after you’re gone.
For example, with a revocable living trust – the most common type we see – you can specify exactly how and when your beneficiaries receive their inheritance. You can also establish conditions, such as requiring a beneficiary to reach a certain age or complete education before accessing funds.
Avoiding Probate: A Key Benefit
Moreover, trusts bypass probate court, which can be a lengthy and expensive process. This means your heirs can access their inheritance more quickly and with less hassle. Consequently, it provides privacy, as the terms of a trust are not made public through probate records.
The Importance of Asset Protection: A Real-Life Scenario
I recently worked with a client who owned a successful small business. He was concerned about protecting his assets from potential lawsuits. We established an irrevocable trust, which shielded his personal assets from business liabilities.
It brought him immense peace of mind knowing that his family would be financially secure no matter what challenges his business faced.
Trusts and Estate Taxes
Trusts can also play a crucial role in minimizing estate taxes. Properly structured trusts allow you to transfer assets outside your taxable estate, potentially saving your heirs significant sums. According to the Tax Policy Center, the federal estate tax exemption for 2023 is $12.92 million per individual.
However, this exemption can change, and many estates still exceed that threshold. Trusts provide a valuable tool for mitigating these taxes.
The Law Firm of Steven F. Bliss Esq.: Client Testimonials
“Steve Bliss and his team were incredibly helpful and understanding during a difficult time. They guided me through the complex process of setting up a trust for my family with patience and expertise.”
– Sarah M. Temecula, CA
“I highly recommend The Law Firm of Steven F. Bliss Esq. They are knowledgeable, professional, and truly care about their clients’ needs.”
– John D., Murrieta, CA
Secure Your Future Today
Don’t wait to protect what matters most. Contact us today for a free consultation and discover how a trust can provide peace of mind and safeguard your legacy 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: “Do I need a trust if I don’t own a home?” 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.
| Temecula Trust Attorney |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Trust Attorney Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Trust Attorney |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Temecula Trust Attorney |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Trust Attorney Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |
| Credible Trust Attorney in Temecula |
The Law Firm of Steven F. Bliss Esq. 43920 Margarita Rd ste f, Temecula, CA 92592 (951) 223-7000 |