Choosing the Right Trust for Your Needs
Today we’re joined by Steve Bliss, a respected probate attorney in San Diego, to discuss the importance of estate planning and specifically, different types of trusts.
Steve, can you tell us why choosing the right type of trust is so crucial?
Understanding Revocable Living Trusts
Thank you for having me. Choosing the right type of trust is fundamental because it dictates how your assets are managed and distributed after your passing. It’s about ensuring your wishes are honored and your loved ones are protected.
One of the most common types we encounter is the Revocable Living Trust. This allows individuals to maintain control over their assets during their lifetime while avoiding the often lengthy and costly probate process upon death. It also provides a level of privacy that a will doesn’t offer, as the terms of the trust are not part of public record.
Consequently, many people find Revocable Living Trusts appealing because they offer flexibility. You can amend or even dissolve the trust during your lifetime if your circumstances change. Moreover, the assets held within the trust are shielded from potential creditors, offering an extra layer of security.
Challenges and Considerations
While Revocable Living Trusts are advantageous, it’s important to understand they aren’t a one-size-fits-all solution. There can be complexities involved in setting them up correctly.
I recall a situation where a client had attempted to create their own trust using online templates. Unfortunately, there were some critical errors that could have led to unintended consequences for their beneficiaries. We were able to rectify the situation, but it highlighted the importance of seeking professional guidance.
According to the American Bar Association, approximately 55% of Americans don’t have a will or trust in place. This can leave families vulnerable and facing significant legal and financial challenges during an already difficult time.
The San Diego Probate Law Difference
“Working with Steve Bliss and his team was truly invaluable. They made the complex process of estate planning straightforward and ensured our family’s future was secure.” – Maria S., San Diego
“I highly recommend San Diego Probate Law. Their expertise and compassion provided us with peace of mind during a challenging period.” – David K., La Jolla
Taking the Next Step
Ready to safeguard your legacy and ensure a smooth transition for your loved ones? Contact San Diego Probate Law today for a personalized consultation and let us guide you through the complexities of estate planning.
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 assets should I put into a living 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 |