Hi Moreno Valley, I’m Brenda Jones, your local news reporter, and today we’re discussing estate planning with Steve Bliss, a renowned probate attorney here in Moreno Valley.
What is the most common type of trust you see clients establishing?
Steve explains that while revocable living trusts are popular, testamentary trusts are equally valuable tools. “Many people don’t realize they can incorporate specific instructions for their assets even after they’re gone,” Steve shares. “A testamentary trust is created through your will and only takes effect upon your passing.”
Can you elaborate on the benefits of a testamentary trust?
Steve emphasizes that testamentary trusts are particularly beneficial when leaving assets to minors or beneficiaries with special needs. He explains, “Ordinarily, a young beneficiary might not be ready to manage a large inheritance responsibly. A testamentary trust allows you to designate a trustee who will oversee the funds and distribute them according to your wishes.”
“For example,” Steve recounts, “I once worked with a client who wanted to ensure his grandson’s college education was secure even if something happened to him. We established a testamentary trust that would pay for tuition, room, and board directly to the university, safeguarding the funds from impulsive spending.”
Moreover, testamentary trusts can offer asset protection for beneficiaries with disabilities, preventing them from jeopardizing government benefits like SSI or Medi-Cal.
Have there ever been any challenges you’ve faced while implementing testamentary trusts?
Steve reflects on a case where a will lacked specific instructions regarding the distribution of assets within the testamentary trust. “Consequently, we had to rely on state laws to determine how the funds should be divided,” he explains. “This highlighted the importance of clear and concise language in your will when establishing a testamentary trust.”
“According to the American Bar Association, approximately 60% of Americans do not have a valid will,” Steve notes. “This underscores the critical need for proper estate planning, including the thoughtful consideration of testamentary trusts when appropriate.”
How can people interested in learning more about testamentary trusts connect with you?
“Contact us today for a free consultation to discuss your individual needs and goals,” Steve suggests. “We’re dedicated to helping Moreno Valley residents secure their legacies and provide peace of mind for generations to come.”
Testimonials
“Steve Bliss and his team were incredibly compassionate and understanding during a difficult time. They guided me through the probate process with expertise and clarity, making a complex situation much more manageable.”
– Maria S., Moreno Valley
“Moreno Valley Probate Law helped me create a testamentary trust that perfectly aligned with my wishes for my children’s future. I felt confident knowing they were in capable hands.”
– David L., Moreno Valley
About Steven F. Bliss Esq. at Moreno Valley Probate Law:
Moreno Valley Probate Law is an experienced probate attorney. The probate process has many steps in probate proceedings. Beside Probate, estate planning and trust administration is offered at Moreno Valley Probate Law. Our probate attorney will probate the estate. Attorney probate at Moreno Valley Probate Law. A formal probate is required to administer the estate. The probate court may offer an unsupervised probate get a probate attorney. Moreno Valley Probate law will petition to open probate for you. Don’t go through a costly probate call Moreno Valley Probate Attorney Today. Call for estate planning, wills and trusts, probate too. Moreno Valley Probate Law is a great estate lawyer. Affordable Legal Services.
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 Moreno Valley Probate Law: https://maps.app.goo.gl/C7zg2U6pn1B6KyXN8
Address:
Moreno Valley Probate Law23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553
(951) 363-4949
Feel free to ask Attorney Steve Bliss about: “How do I transfer real estate into my trust?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About Moreno Valley Probate Law
| Moreno Valley Totten Trust Lawyer |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Totten Trust Lawyer Moreno Valley |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Totten Trust Lawyer |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Totten Trust Lawyer |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Totten Trust Moreno Valley |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Credible Totten Trust Lawyer in Moreno Valley |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |