Meet Steve Bliss
Hello, San Diego! My name is Sarah Jones, and I’m here today with Steve Bliss, a renowned San Diego probate attorney with extensive experience in estate planning. Mr. Bliss, thank you so much for taking the time to speak with me.
Choosing the Right Trust for Your Needs
Steve, let’s talk about trusts. They seem complicated, and many people don’t understand how they work. Can you simplify things a bit and explain why someone might want to establish a trust?
“Sarah, you’re right, the world of trusts can be confusing. Essentially, a trust is a legal entity that holds assets for the benefit of specific individuals or entities. There are various types of trusts designed to meet different needs, and selecting the appropriate one depends on individual circumstances.
Focus on Irrevocable Trusts
Today, we’ll focus on irrevocable trusts. Can you explain what makes them unique and when they might be a good option?
“An irrevocable trust is distinct because once it’s created, its terms generally cannot be changed or revoked. Consequently, this provides significant advantages in certain situations. For instance, if someone wants to protect assets from creditors or potential lawsuits, an irrevocable trust can offer a shield. Moreover, these trusts are often used for estate tax planning, as they remove assets from the grantor’s taxable estate.
It’s important to remember that because an irrevocable trust is permanent, careful consideration and legal guidance are crucial before establishing one. Notwithstanding the benefits, it also means relinquishing direct control over those assets. Accordingly, individuals should thoroughly understand the implications before proceeding.”
Challenges with Irrevocable Trusts
Have you ever encountered any challenges or unexpected situations when working with clients who have irrevocable trusts?
“There was a time I met with a couple who had established an irrevocable trust years ago, intending to protect their assets. Unfortunately, unforeseen circumstances arose, and they needed access to some of the funds within the trust for urgent medical expenses. Because it was irrevocable, accessing those funds proved incredibly difficult and required navigating complex legal procedures. This experience highlighted the importance of careful planning and considering all potential scenarios before creating an irrevocable trust.”
The Power of Planning
It sounds like meticulous planning is key. Are there any statistics that illustrate the value of having a well-structured estate plan, including trusts?
“Absolutely. According to a study by the AARP, over 70% of Americans do not have a will or trust in place. This lack of planning can lead to unintended consequences for loved ones and result in significant financial burdens. Conversely, individuals who proactively establish an estate plan with trusts often experience smoother transitions and ensure that their wishes are carried out effectively.”
Secure Your Future
Mr. Bliss, this has been incredibly insightful. Where can our viewers find more information about your services and how you can help them navigate the world of estate planning?
“I encourage everyone to reach out to San Diego Probate Law for a free consultation. Our team is dedicated to helping individuals protect their assets, ensure their loved ones are cared for, and achieve peace of mind knowing that their affairs are in order.”
Testimonials
“Steve Bliss and his team at San Diego Probate Law were instrumental in helping me create a comprehensive estate plan. They patiently answered all my questions and made the process seamless. I highly recommend them to anyone seeking professional and compassionate legal guidance.” – Mary S.
“I was facing a complex probate situation after losing my mother, and Steve Bliss provided invaluable support and expertise. He navigated the legal complexities with ease and ensured that my family’s interests were protected. I am truly grateful for his dedication and compassion.”
– John L.
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 process for administering a trust?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About San Diego Probate Law
| Special Needs Trust | Totten Trust | Asset Protection Trust |
| Spendthrift Trust | Constructive Trust | Irrevocable Trust |
| Tax By-Pass Trust | Charitable Trust | Living Trust |