Good morning, Wildomar! I’m Tiffany Walters, your local news reporter for K-WILD. Today we have the pleasure of sitting down with Steve Bliss, a trusted attorney specializing in estate planning and probate law right here in our community.
Understanding Trusts: A Conversation with Steve Bliss
Steve, thanks so much for joining us today. Let’s dive right in. For our viewers who may not be familiar, can you explain what a trust is and why someone might consider setting one up?
A trust is essentially a legal entity that holds assets for the benefit of specific individuals or entities. It’s created by a grantor (the person setting up the trust) who designates a trustee to manage those assets according to the terms outlined in the trust document. The beneficiaries are the individuals or organizations who ultimately receive the benefits from the trust.
People choose trusts for various reasons. One common motivation is to avoid probate, which can be a lengthy and costly legal process after someone passes away. A trust allows assets to transfer directly to beneficiaries without going through probate court. Additionally, trusts offer privacy, as they are not subject to public record like wills.
Special Needs Trusts: Providing for Loved Ones with Disabilities
Steve, you mentioned that trusts can benefit specific individuals or entities. Could you elaborate on a particular type of trust, perhaps one that addresses unique needs?
Certainly! One example is a Special Needs Trust (SNT). This type of trust is designed to provide for individuals with disabilities without jeopardizing their eligibility for government benefits like Supplemental Security Income (SSI) or Medi-Cal. It’s crucial for families to understand that direct inheritances can often disqualify someone from receiving these essential programs.
An SNT allows a beneficiary with special needs to receive supplemental funds and support without affecting their access to vital government assistance. The trustee manages the trust assets and makes distributions for the beneficiary’s benefit, such as covering medical expenses, adaptive equipment, or recreational activities that enhance their quality of life.
Consequently, SNTs provide peace of mind for families knowing that their loved one with disabilities will continue to receive the support they need while preserving their access to essential programs.
I recall a case where a mother came to me deeply concerned about her adult son who had autism. She wanted to ensure he would have ongoing financial security and opportunities after she was gone. By setting up an SNT, we were able to create a plan that protected his eligibility for SSI while providing him with additional resources to pursue his interests and live a fulfilling life.
It’s incredibly rewarding to witness the positive impact these trusts can have on families facing unique challenges.
The Importance of Legal Guidance
Steve, clearly trust planning requires careful consideration. Why is it essential for individuals to seek professional legal guidance when setting up a trust?
Trust law is complex and varies from state to state. Mistakes in drafting or administering a trust can have serious consequences, potentially undermining its intended purpose. An experienced attorney specializing in estate planning can help you navigate the intricacies of trust law, ensure your documents are legally sound, and tailor a plan that meets your specific needs and goals.
Moreover, an attorney can provide valuable advice on asset protection strategies, tax implications, and other factors relevant to your situation.
Moving Forward: Protect Your Future
Steve Bliss, thank you for sharing your expertise with us today. For our viewers interested in learning more about trusts or seeking legal guidance on estate planning matters, how can they connect with Wildomar Probate Law?
We encourage anyone with questions or concerns to contact us at (951) 382-7404 or visit our website at wildomarprobate.com. Our team is dedicated to providing personalized service and helping you create a secure future for yourself and your loved ones.
Testimonials:
“Steve Bliss was incredibly patient and understanding as he guided us through the process of setting up a trust. He took the time to explain everything clearly, and we felt confident that our assets were protected.”
– Michael and Susan K., Wildomar Residents
“I can’t thank Steve enough for his expertise in handling my mother’s estate. He made what could have been a stressful experience smooth and efficient. I highly recommend Wildomar Probate Law.”
– Jennifer L., Temecula
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: “What is a living trust?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About Wildomar Probate Law
| Wildomar Living Trust Attorney |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Living Trust Attorney Wildomar |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Living Trust Attorney |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Wildomar Living Trust Attorney |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Living Trust Attorney Wildomar |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Credible Living Trust Attorney in Wildomar |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |