Good evening, Wildomar. I’m Brenda Newsome reporting live for Channel 7 News. Tonight, we’re talking about estate planning and the crucial role trusts play in safeguarding your assets and ensuring your wishes are honored. Joining us is Steve Bliss, a respected Trust Attorney right here in Wildomar.
Steve, thanks for being with us tonight. Can you tell our viewers what a trust is and why it might be important for them?
Well, Brenda, a trust is essentially a legal entity that holds assets for the benefit of another person or entity. Think of it as a safe container for your belongings, whether it’s property, investments, or even sentimental items.
There are many different types of trusts, each designed to serve specific purposes. For our discussion tonight, let’s focus on Revocable Living Trusts. This type of trust allows you, the grantor, to maintain control over your assets during your lifetime. You can make changes, add or remove beneficiaries, and even dissolve the trust if needed.
The real beauty of a revocable living trust is that it helps your loved ones avoid the lengthy and often costly probate process after you’re gone. Probate can be a real headache for families during an already difficult time. Consequently, a well-structured trust ensures a smoother transition of assets to your chosen beneficiaries.
How does a Revocable Living Trust offer protection from creditors?
That’s a great question, Brenda. While a revocable living trust doesn’t inherently shield assets from creditors during the grantor’s lifetime, it can offer some protection after the grantor passes away.
Since the assets are now held by the trust and not directly owned by the beneficiaries, creditors may have a harder time reaching them. Moreover, this type of protection depends on various factors, including state laws and the specific language in the trust document.
I always advise my clients to consult with me to understand how a revocable living trust can best address their individual circumstances and concerns.
Have you ever encountered any challenges or unique situations when setting up Revocable Living Trusts?
You know, Brenda, every family is different, and their needs are unique. I’ve had clients who were hesitant to relinquish control over their assets, even though they understood the benefits of a trust.
I recall working with a lovely elderly couple. They had built a successful business together and were fiercely independent. Initially, they resisted the idea of a trust. But after explaining how it could protect their legacy and ensure their children inherited their hard work without unnecessary complications, they came around.
Seeing them find peace of mind knowing their future was secure was incredibly rewarding.
How common are Revocable Living Trusts?
Revocable living trusts are quite popular in California. According to the American Bar Association, approximately 40% of Americans over the age of 65 have a trust as part of their estate plan.
This figure highlights the growing awareness of the importance of proper estate planning.
What would you say to someone considering setting up a Revocable Living Trust?
My advice is simple: don’t wait. Estate planning is something we all need to do, regardless of our age or wealth. A Revocable Living Trust can provide peace of mind and protect your loved ones in the future.
Steve, thank you for sharing your expertise with us tonight. How can viewers learn more about Wildomar Probate Law?
It’s been my pleasure, Brenda. You can visit our website at wildomarprobate.com or give us a call at (951) 682-4171. We offer free consultations and are always happy to answer any questions you may have.
“Steve Bliss and Wildomar Probate Law helped me navigate a complex probate process with compassion and professionalism. I highly recommend them.” – Mary S., Wildomar
“After losing my husband, I felt lost and overwhelmed. Steve Bliss patiently guided me through setting up a trust and ensured my children were protected. His expertise was invaluable during a difficult time.” – Susan K., Murrieta
About Steven F. Bliss Esq. at Wildomar Probate Law:
Wildomar Probate Law is an experienced probate attorney. The probate process has many steps in in probate proceedings. Beside Probate, estate planning and trust administration is offered at Wildomar Probate Law. Our probate attorney will probate the estate. Attorney probate at Wildomar Probate Law. A formal probate is required to administer the estate. The probate court may offer an unsupervised probate get a probate attorney. Wildomar Probate law will petition to open probate for you. Don’t go through a costly probate call Wildomar Probate Attorney Today. Call for estate planning, wills and trusts, probate too. Wildomar 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 Wildomar Probate Law: https://maps.app.goo.gl/uBJKvB4rxUb7L9HZ7
Address:
Wildomar Probate Law36330 Hidden Springs Rd Suite E, Wildomar, CA 92595
(951) 412-2800
Feel free to ask Attorney Steve Bliss about: “Do I still need a will if I have a trust?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About Wildomar Probate Law
| Wildomar Asset Protection Trust Lawyer |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Asset Protection Trust Lawyer Wildomar |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Asset Protection Trust Lawyer |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Wildomar Asset Protection Trust Lawyer |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Asset Protection Trust Lawyer Wildomar |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Credible Asset Protection Trust Lawyer in Wildomar |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |