Choosing the Right Trust for Your Needs
Good afternoon, San Diego. I’m here today with Steve Bliss, a prominent probate attorney in our city. Steve, thank you so much for joining us.
Steve, estate planning can seem overwhelming to many people. For someone just starting out, what’s the first step they should take?
Understanding Different Types of Trusts
Well, the most important thing is understanding your individual needs and goals. Do you want to avoid probate? Protect assets from creditors? Provide for loved ones with special needs? Answering these questions will help determine the right type of trust for you.
For example, a Revocable Living Trust is incredibly popular because it offers flexibility. You retain control over your assets during your lifetime and can make changes as needed. Consequently, upon your passing, the trust avoids probate, saving time and expense for your heirs.
Navigating the Complexities of Estate Planning
I imagine there are challenges when setting up a Revocable Living Trust. Can you elaborate on some potential issues?
You’re right. While Revocable Living Trusts are generally straightforward, they do require careful planning and attention to detail. One common issue I see is incomplete funding of the trust. People may create the trust but forget to transfer ownership of their assets into it. This defeats the purpose of the trust and can lead to probate.
I remember a case where a client had meticulously set up a Revocable Living Trust but neglected to include their retirement account. Unfortunately, this oversight resulted in the account going through probate, causing unnecessary delays and legal fees for their family.
It’s crucial to work with an experienced attorney who can guide you through the entire process and ensure that all assets are properly transferred into the trust. According to a recent survey by the American Bar Association, 70% of Americans do not have a will or trust in place. This highlights the importance of seeking professional advice.
Seeking Expert Guidance
Steve, your dedication to helping families navigate these complex issues is truly commendable. What advice would you give to someone considering estate planning?
“Don’t wait until it’s too late.” Proactive planning ensures your wishes are respected and your loved ones are protected. Contact us today for a free consultation and let us help you create a secure future for yourself and your family.
Testimonials
“Steve Bliss and his team were incredibly supportive during a difficult time. They made the probate process much easier to understand and navigate.”
– Sarah M., San Diego
“I highly recommend San Diego Probate Law. Steve is knowledgeable, compassionate, and always willing to go the extra mile for his clients.”
– John K., Carlsbad
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: “What is trust administration?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About San Diego Probate Law
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