Good evening, Moreno Valley and welcome back to Legal Lines. I’m your host, Jessica Ramirez, and tonight we’re talking probate with a local expert, Steve Bliss of Moreno Valley Probate Law.
What is Probate?
Steve, for our viewers who might not be familiar, can you explain what probate is?
Probate is the legal process of administering a deceased person’s estate. It involves identifying and valuing assets, paying debts and taxes, and distributing remaining property to heirs according to the will or state law.
Avoiding Probate with Trusts
Many people want to avoid probate for their loved ones. What are some common ways to do that?
One effective way is setting up a trust. A trust is a legal entity that holds assets for the benefit of designated beneficiaries. There are different types of trusts, but a revocable living trust is often used for estate planning.
Understanding Revocable Living Trusts
Can you elaborate on how a revocable living trust works?
With a revocable living trust, the person creating the trust (called the grantor) maintains control over their assets during their lifetime. They can add or remove assets from the trust, change beneficiaries, or even dissolve the trust altogether. Consequently, this flexibility makes it a popular choice.
The key benefit is that assets held in the trust typically avoid probate upon the grantor’s death. This means the distribution process can be faster, more private, and less costly than traditional probate.
Real-Life Impact of Trusts
Have you encountered any situations where using a revocable living trust made a significant difference for your clients?
I recall one case involving a family with complex assets. The father had passed away unexpectedly, leaving behind a business and several real estate properties. He had established a revocable living trust before his passing. Because of the trust, we were able to transfer ownership of those assets smoothly and efficiently to his wife and children without going through the lengthy probate process.
It was a relief for the family during a difficult time. Avoiding probate allowed them to focus on grieving their loss rather than dealing with legal complexities.
Trusts: A Growing Trend
It seems like more and more people are considering trusts these days. Is that something you’ve noticed?
Yes, absolutely. According to a recent survey by the American Bar Association, roughly 40% of Americans over the age of 50 have considered using a trust for estate planning.
People are becoming increasingly aware of the benefits trusts offer, such as avoiding probate, protecting assets, and providing for loved ones.
Moreno Valley Probate Law: Guiding You Through Estate Planning
Steve, thank you so much for sharing your expertise tonight. How can viewers learn more about trusts and other estate planning tools?
It’s my pleasure. We encourage anyone with questions about probate or estate planning to contact Moreno Valley Probate Law. We offer free consultations to help individuals understand their options and create a plan that meets their unique needs.
Testimonials
“Steve Bliss made the complex process of setting up a trust for my family so much easier. He was patient, explained everything clearly, and truly cared about our well-being.”
– Sarah M., Moreno Valley
“I highly recommend Moreno Valley Probate Law. They were there for me every step of the way when my mother passed away. They handled everything with professionalism and compassion.”
– John D., Riverside
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: “Can a trust be closed immediately after death?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About Moreno Valley Probate Law
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