Interview with Steve Bliss, Temecula Trust Attorney

by

Today we’re joined by Steve Bliss, a renowned trust attorney here in Temecula. Steve, thanks for taking the time to speak with me.

Let’s talk about Trusts. Could you explain what a Special Needs Trust (SNT) is and who might benefit from it?

Certainly. A Special Needs Trust (SNT) is a specialized trust designed to provide financial support for individuals with disabilities without jeopardizing their eligibility for vital government benefits like Supplemental Security Income (SSI) or Medi-Cal. This type of trust allows families to set aside funds for the beneficiary’s needs, such as medical expenses, adaptive equipment, recreational activities, and even housing, while ensuring that those assets don’t count towards the income or resource limits imposed by these programs.

There are two primary types of SNTs: first-party and third-party. A first-party SNT is funded with the beneficiary’s own assets, often from a personal injury settlement or inheritance. Conversely, a third-party SNT is established and funded by someone other than the beneficiary, such as a parent, grandparent, or other loved one.

These trusts are incredibly valuable for families navigating the complexities of caring for individuals with disabilities. They provide peace of mind knowing that their loved ones will have access to necessary resources without compromising essential benefits. According to a recent study by the Special Needs Trust Association, over 75% of families using SNTs reported reduced stress and improved quality of life.

You mentioned potential issues earlier, could you elaborate on those?

While SNTs are incredibly beneficial tools, they do require careful planning and administration. One common issue arises when the trust is not properly drafted or funded. For example, if a first-party SNT is not established correctly, it could be deemed countable as an asset for benefit eligibility purposes.

I recall one case where a family mistakenly used their son’s own funds to create a first-party SNT without consulting with an attorney experienced in these matters. As a result, his SSI benefits were significantly reduced. We were able to rectify the situation by creating a new third-party SNT and transferring assets accordingly, but it highlighted the importance of seeking expert legal guidance from the outset.

Moreover, ongoing trustee responsibilities must be meticulously handled. The trustee has a fiduciary duty to manage the trust assets prudently and in accordance with the beneficiary’s best interests. Selecting a trustworthy and competent individual or institution as trustee is crucial for ensuring the smooth operation of the SNT.

“Contact us today for a free consultation.”

We believe everyone deserves access to quality legal representation and peace of mind regarding their future. Call The Law Firm of Steven F. Bliss Esq. today for a free consultation, and let our experienced team help you navigate the complexities of estate planning.

“Working with Steve Bliss and his team was an absolute pleasure. They were incredibly knowledgeable, responsive, and compassionate throughout the entire process. I felt confident that my family’s future was in good hands.”

– Sarah M., Temecula, CA

“Steve’s expertise in trust planning was invaluable. He took the time to understand our unique situation and provided tailored solutions that met our needs perfectly. We highly recommend The Law Firm of Steven F. Bliss Esq. “

– John & Susan P., Murrieta, CA

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: “What is undue influence in relation to trusts?” 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.

 

  • Special Needs Trust Attorney
  • Spendthrift Trust Attorney
  • Tax By-Pass Trust Attorney
  • Totten Trust Attorney
  • Constructive Trust Attorney
  • Charitable Trust Attorney
  • Asset Protection Trust Attorney
  • Irrevocable Trust Attorney
  • Revocable Trusts Attorney
  • Living Trust Attorney