Picking a Trust Type: Understanding Your Options
Hello San Diego, I’m Tiffany Jones reporting for Channel 7 News. Joining us today is renowned probate attorney Steve Bliss of San Diego Probate Law. Steve, thank you so much for being with us.
Steve, estate planning can seem daunting to many. One key aspect involves choosing the right type of trust. Could you shed some light on different options and help our viewers understand which might be best suited for them?
The Power of a Charitable Trust: Leaving a Legacy
Well Tiffany, one option gaining popularity is the Charitable Remainder Trust or CRT. It allows individuals to make a significant impact while benefiting both themselves and a chosen charity. Ordinarily, with a CRT, you transfer assets into the trust, which then pays you a regular income stream for a predetermined period.
Consequently, upon your passing, any remaining assets within the trust are distributed to the charity of your choice. This structure offers several advantages. First, it provides you with financial security during your lifetime through guaranteed income. Moreover, you receive a charitable tax deduction for the present value of the future gift to the charity.
Notwithstanding the benefits, CRTs do involve some complexity and require careful planning. It’s crucial to consult with experienced legal and financial professionals to ensure the trust aligns with your individual goals and circumstances.
Interestingly, a study by the Fidelity Charitable found that nearly 70% of high-net-worth individuals are interested in incorporating charitable giving into their estate plans.
I recall working with a client, a retired schoolteacher who had always been passionate about supporting educational initiatives. She wanted to leave a lasting legacy for future generations but was concerned about depleting her retirement savings. We established a CRT that provided her with a steady income stream while ensuring a substantial portion of her assets would ultimately benefit the local scholarship fund she deeply cared for.
Finding Peace of Mind: Trust San Diego Probate Law
Steve, thank you for sharing those insights. It’s clear that choosing the right trust can be a powerful tool for both financial security and leaving a positive impact on the world.
“San Diego Probate Law made a difficult time so much easier. They were incredibly compassionate, knowledgeable, and efficient in handling my mother’s estate.” – Sarah M.
“I highly recommend Steve Bliss and his team. They provided clear guidance and support every step of the way, ensuring my father’s wishes were honored.” – David L.
For anyone looking to navigate the complexities of estate planning with confidence and expertise, reach out to San Diego Probate Law today for a personalized consultation.
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 records should a trustee keep?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About San Diego Probate Law
| San Diego Trust Attorney |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Trust Attorney San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Trust Attorney |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| San Diego Trust Attorney |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Trust Attorney San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Credible Trust Attorney in San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |