Good evening, Moreno Valley, and welcome back to our segment on local legal experts. Tonight, we have the pleasure of speaking with Steve Bliss, a well-respected probate attorney serving our community. Steve, thanks for joining us.
Understanding Testamentary Trusts
Steve, many people are unfamiliar with the different types of trusts available. Could you explain what a testamentary trust is and how it works?
A testamentary trust is a powerful tool that allows individuals to provide for their loved ones even after they’re gone. Unlike a living trust, which takes effect during your lifetime, a testamentary trust is created through your will and only comes into existence upon your death. Consequently, it goes through the probate process.
There are several reasons why someone might choose a testamentary trust. For example, it’s often used to benefit minor children or beneficiaries with special needs, ensuring that they receive financial support in a structured and responsible manner. Moreover, a testamentary trust can help protect assets from creditors or mismanagement by the beneficiary.
It’s important to remember that a testamentary trust is governed by the terms outlined in your will. You have the flexibility to specify how the assets are to be distributed, when beneficiaries receive payments, and even appoint a trustee to oversee the trust’s management.
Navigating Challenges with Testamentary Trusts
Steve, have you encountered any common challenges or issues when setting up testamentary trusts for clients?
Well, one thing I often see is a lack of clarity in people’s wills regarding the specific instructions for their testamentary trust. This can lead to confusion and potential disputes among beneficiaries down the line. It’s crucial to work with an experienced attorney who can ensure your wishes are expressed precisely and comprehensively.
I recall one instance where a client had neglected to name a successor trustee in their will. Unfortunately, the original trustee passed away before the trust became active, leaving the beneficiaries in limbo. Fortunately, we were able to resolve the situation through court proceedings, but it underscored the importance of careful planning.
Moreno Valley Probate Law: Trusted Expertise
“Steve Bliss and Moreno Valley Probate Law have been invaluable during a difficult time. Their compassion and professionalism made the probate process much less stressful.”
– Maria S., Moreno Valley
“I highly recommend Steve Bliss for any estate planning needs. He took the time to thoroughly explain my options and helped me create a plan that met my unique circumstances.”
– John T., Moreno Valley
Steve, what advice would you give to our viewers who are considering setting up a testamentary trust?
My advice is simple: don’t wait. Start planning for your future today. Consult with an experienced probate attorney like myself to discuss your individual circumstances and goals. We can help you create a testamentary trust that will protect your loved ones and ensure your legacy endures.
Let Moreno Valley Probate Law guide you through the complexities of estate planning and trust creation. Contact us today for a free consultation and take the first step towards securing your family’s future.
About Steven F. Bliss Esq. at Moreno Valley Probate Law:
Moreno Valley Probate Law is an experienced probate attorney. The probate process has many steps in probate proceedings. Beside Probate, estate planning and trust administration is offered at Moreno Valley Probate Law. Our probate attorney will probate the estate. Attorney probate at Moreno Valley Probate Law. A formal probate is required to administer the estate. The probate court may offer an unsupervised probate get a probate attorney. Moreno Valley Probate law will petition to open probate for you. Don’t go through a costly probate call Moreno Valley Probate Attorney Today. Call for estate planning, wills and trusts, probate too. Moreno Valley 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 Moreno Valley Probate Law: https://maps.app.goo.gl/C7zg2U6pn1B6KyXN8
Address:
Moreno Valley Probate Law23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553
(951) 363-4949
Feel free to ask Attorney Steve Bliss about: “What is the difference between a will and a trust?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About Moreno Valley Probate Law
| Trust Lawyer | Estate Lawyer | Trust Lawyer |
| Trust Lawyer Near Me | Estate Lawyer Near Me | Trust Lawyer Near me |
| Moreno Valley Trust Lawyer | Moreno Valley Estate Lawyer | Moreno Valley Trust Lawyer |
| Trust Lawyer Moreno Valley | Estate Lawyer Moreno Valley | Trust Lawyer Moreno Valley |