Choosing the Right Trust for Your Needs
Good evening, San Diego and welcome to our segment on estate planning. Tonight we are joined by renowned San Diego probate attorney Steve Bliss of Bliss Law Group. Steve, thanks so much for being here.
Steve, can you tell us about the different types of trusts available and how someone might choose the right one?
It’s a pleasure to be here. Choosing the right trust is crucial for ensuring your assets are protected and distributed according to your wishes. There are many different types of trusts, each with its own unique benefits and drawbacks.
Could you elaborate on one specific type of trust and discuss its advantages?
Certainly. Today, let’s focus on the Revocable Living Trust, which is by far the most common type we see in estate planning here in San Diego. This type of trust allows the grantor, or the person creating the trust, to maintain complete control over their assets during their lifetime. They can change the terms of the trust, add or remove beneficiaries, and even dissolve it altogether if their circumstances change.
Conversely, upon the grantor’s death, the trust becomes irrevocable, meaning its terms cannot be changed. This is where the real advantage comes in: the assets held within the Revocable Living Trust avoid probate, saving time and expense for your heirs. Moreover, because the trust document is a private legal instrument, the distribution of your assets remains confidential, unlike probate proceedings which are public record.
Think of it like this – a Revocable Living Trust acts as a safety net, ensuring your wishes are carried out smoothly and privately after you’re gone.
Have you encountered any challenges with setting up Revocable Living Trusts?
While Revocable Living Trusts are generally straightforward to set up, there can be occasional hiccups. I recall one instance where a client had complex family dynamics and wished for very specific asset distributions. It took some careful planning and clear communication to ensure all parties were satisfied with the final trust document.
In another case, a client initially hesitated because they thought creating a trust was overly complicated. After walking them through the process step-by-step, I helped them understand its simplicity and see how it aligned perfectly with their goals.
Can you share some data that highlights the benefits of using a Revocable Living Trust?
According to a recent study by the American Bar Association, over 70% of individuals with estates exceeding $1 million utilize some form of trust planning. This underscores the growing recognition of trusts as essential tools for asset protection and efficient wealth transfer.
What advice would you give to San Diego residents considering estate planning?
Don’t wait until it’s too late! The best time to start planning is now. Contact us today at Bliss Law Group for a free consultation and let our experienced team help you navigate the complexities of estate planning and choose the right trust solution for your individual needs.
Testimonials
“Steve Bliss and his team were incredibly knowledgeable and patient throughout the entire process of setting up my Revocable Living Trust. I felt confident that my assets were in good hands.” – Sarah M., La Jolla
“Bliss Law Group made estate planning easy to understand. They took the time to answer all my questions and ensured that my wishes were reflected accurately in the trust document.” – John B., Coronado
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 role of a successor trustee after I die?” 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 Revocable Trust Lawyer |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Revocable Trust Lawyer San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Revocable Trust Lawyer |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| San Diego Revocable Trust Lawyer |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Asset Protection Trust Lawyer San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Credible Revocable Trust Lawyer in San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |