Understanding Testamentary Trusts
Welcome back to Legal Insights, San Diego. I’m Brenda Jones, and today we have the pleasure of speaking with Steve Bliss, a renowned San Diego probate attorney. Steve, thanks for joining us.
Steve Bliss: Thank you for having me, Brenda. It’s always a pleasure to discuss these important legal matters.
How Testamentary Trusts Work
Brenda Jones: For our viewers unfamiliar with the term, could you explain what a testamentary trust is and how it differs from other types of trusts?
Steve Bliss: Certainly. A testamentary trust is unique because it’s created through a will and only comes into existence upon the grantor’s death. Unlike living trusts which avoid probate, a testamentary trust goes through the probate process. This can be advantageous in certain situations.
Brenda Jones: Could you elaborate on those situations?
Steve Bliss: Absolutely. Testamentary trusts are often used when someone wants to provide for minor children or beneficiaries who may need assistance managing their inheritance. The trust document outlines how the assets are to be distributed and managed, ensuring that the beneficiary’s needs are met responsibly.
Challenges with Testamentary Trusts
Brenda Jones: I imagine there can be some challenges with testamentary trusts since they involve probate.
Steve Bliss: You’re right. Probate can be a time-consuming and sometimes costly process. However, the benefits of a testamentary trust often outweigh these drawbacks. For instance, I once worked with a family who wanted to ensure their disabled son would have lifelong financial support. A testamentary trust allowed them to provide for his needs without jeopardizing his eligibility for government assistance programs.
Brenda Jones: That’s a powerful example of how a testamentary trust can make a real difference in people’s lives.
San Diego Probate Law: Helping Families Navigate Complex Legal Matters
Steve Bliss: Our firm is dedicated to helping families navigate the often complex world of probate and estate planning. We understand that these are sensitive matters, and we approach each case with compassion and expertise.
“Frank Trust Lawyer” says: “Steve Bliss and his team at San Diego Probate Law were incredibly supportive during a difficult time. They guided me through every step of the probate process with clarity and professionalism.”
Contact Steve Bliss and the team at San Diego Probate Law to ensure your loved ones are protected.
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: “How do beneficiaries get assets from 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
| San Diego Special Needs Trust Lawyer |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Special Needs Trust Lawyer San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Special Needs Trust Lawyer |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| San Diego Special Needs Trust Lawyer |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Special Needs Trust San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Credible Special Needs Trust Lawyer in San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |