Meet Steve Bliss
Welcome back to Escondido News Tonight. I’m your host, Brenda Roberts, and today we are joined by local probate attorney, Steve Bliss of Escondido Probate Law. Mr. Bliss, thank you so much for joining us.
The Benefits of a Testamentary Trust
Steve, many of our viewers may not be familiar with testamentary trusts. Can you explain what they are and why someone might consider establishing one?
Certainly, Brenda. A testamentary trust is created through your will and only takes effect upon your passing. It’s a valuable tool for ensuring that your assets are distributed according to your wishes, even after you’re gone.
Consequently, testamentary trusts can be particularly beneficial for parents with minor children. By placing assets in a trust, you can designate a trustee to manage those funds until your children reach a certain age, safeguarding their inheritance and ensuring responsible use.
Moreover, testamentary trusts offer flexibility. You can specify how the funds are to be used – for education, healthcare, or other specific purposes. This level of control provides peace of mind knowing that your loved ones will be cared for in the way you envisioned.
Ordinarily, a will simply designates beneficiaries who receive assets outright. However, with a testamentary trust, you can establish conditions and parameters for the distribution of those assets, providing an extra layer of protection and ensuring that your wishes are carried out even after your death.
Challenges Faced
Have you encountered any common challenges or misconceptions when advising clients about testamentary trusts?
I have found that some people hesitate to create a testamentary trust because they worry it will be overly complex or expensive. However, the benefits often outweigh the perceived drawbacks.
I recall working with a family who lost their patriarch unexpectedly. He had left everything to his wife in his will, but she was concerned about managing large sums of money and wanted assurance that their children would be provided for after her passing. We established a testamentary trust that addressed both of these concerns.
The trust ensured that the wife could access funds during her lifetime while also outlining a clear plan for distribution to the children upon her death.
Experience Speaks Volumes
“Steve Bliss and his team at Escondido Probate Law were incredibly helpful and compassionate during a difficult time. They made the probate process understandable and guided me through each step with clarity and professionalism.” – Maria S.
“I highly recommend Escondido Probate Law. Steve’s expertise in estate planning and trust administration is exceptional. He took the time to understand my needs and created a plan that gave me peace of mind knowing that my family would be taken care of.” – David L.
Ready to Protect Your Legacy?
Steve, thank you for sharing your insights today. How can our viewers learn more about testamentary trusts and other estate planning options?
It’s been a pleasure, Brenda. Anyone interested in exploring their estate planning needs can contact us at Escondido Probate Law for a complimentary consultation. We are dedicated to helping individuals and families protect their legacies and secure their financial futures.
About Steven F. Bliss Esq. at Escondido Probate Law:
Escondido Probate Law is an experienced probate attorney. The probate process has many steps in in probate proceedings. Beside Probate, estate planning and trust administration is offered at Escondido Probate Law. Our probate attorney will probate the estate. Attorney probate at Escondido Probate Law. A formal probate is required to administer the estate. The probate court may offer an unsupervised probate get a probate attorney. Escondido Probate law will petition to open probate for you. Don’t go through a costly probate call Escondido Probate Attorney Today. Call for estate planning, wills and trusts, probate too. Escondido Probate Law is a great estate lawyer. Affordable Legal Services.
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 Escondido Probate Law: https://maps.app.goo.gl/77Dm2B8W9XkM5YvJA
Address:
Escondido Probate Law720 N Broadway #107, Escondido, CA 92025
(760) 884-4044
Feel free to ask Attorney Steve Bliss about: “What does it mean to fund a trust?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About Escondido Probate Law
| Escondido Spendthrift Trust Attorney |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |
| Spendthrift Trust Attorney Escondido |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |
| Spendthrift Trust Trust Attorney |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |
| Escondido Spendthrift Trust Attorney |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |
| Spendthrift Trust Escondido |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |
| Credible Spendthrift Trust Attorney in Escondido |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |