Choosing the Right Trust for Your Needs
Hello everyone and welcome back to our segment on legal matters in San Diego. Today, we’re joined by local probate attorney, Steve Bliss. Steve, thank you so much for being here.
Steve, I understand that choosing a trust can be a complex decision with many different options available. Can you help clarify some of these choices for our viewers?
The Benefits of an Irrevocable Trust
Certainly! One common choice is the irrevocable trust, which offers some distinct advantages over other types. An irrevocable trust cannot be modified or revoked once established, except in rare circumstances. This feature provides a high degree of asset protection because the assets within the trust are no longer considered part of your taxable estate.
Consequently, this can be beneficial for reducing potential estate taxes and shielding assets from creditors. Moreover, irrevocable trusts are often used in conjunction with Medicaid planning to help individuals become eligible for long-term care benefits.
I recall a case where a client came to me concerned about protecting his family’s assets in case of unforeseen circumstances. He was facing potential lawsuits and wanted to ensure that his wealth would be secure for future generations. We set up an irrevocable trust, transferring a portion of his assets into it. This decision ultimately provided him with peace of mind knowing that his assets were protected, even in the face of legal challenges.
According to a study by the National Academy of Elder Law Attorneys (NAELA), approximately 40% of Americans over the age of 65 will require some form of long-term care during their lifetimes. An irrevocable trust can be an effective tool for protecting assets and ensuring eligibility for essential healthcare services.
San Diego Probate Law: Trusted Guidance
“Working with Steve Bliss and San Diego Probate Law was truly a blessing. They walked me through every step of the process, explaining complex legal concepts in simple terms. I felt confident knowing that my estate planning needs were in good hands.”
– Mary S., Satisfied Client
Steve, thank you for sharing your expertise today. Where can our viewers learn more about these trusts and how San Diego Probate Law can help them?
“Take control of your financial future and secure the well-being of your loved ones. Contact us at San Diego Probate Law to schedule a free consultation and explore the options that best suit your needs.”
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 the difference between a living trust and a testamentary trust?” 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 Estate Attorney |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Estate Attorney San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Estate Attorney |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| San Diego Estate Attorney |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Estate Attorney San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Credible Estate Attorney in San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |