Hello everyone, I’m Brenda Jones reporting live from Moreno Valley with Steve Bliss, a leading probate attorney in the area. Today we’re discussing estate planning and the different types of trusts available.
The Benefits of a Testamentary Trust
Steve, for those unfamiliar, what exactly is a testamentary trust?
“A testamentary trust is a trust that’s created through your will and only comes into effect upon your passing,” explains Steve. “Unlike living trusts, it goes through probate. However, it’s incredibly useful for situations like providing for minor children or beneficiaries with special needs.”
He continues, “Say you have a young child or a loved one who requires ongoing care. A testamentary trust can ensure their financial security without the risk of mismanagement or undue influence. The trustee, someone you appoint, manages the assets according to your wishes outlined in the trust document.”
Steve elaborates on the advantages, noting that “This type of trust allows for greater control over how and when your beneficiaries receive funds. You can stipulate specific milestones, like reaching a certain age or completing education, before they gain full access.”
Consequently, testamentary trusts offer peace of mind knowing your loved ones will be cared for even after you’re gone.
Real-World Impact
I’ve heard stories about families who struggled with managing inheritances due to unforeseen circumstances. Has that been something you’ve encountered in your practice?
“Absolutely,” Steve shares, his tone softening. “I recall a case involving a young woman who inherited a significant sum after losing both parents. Unfortunately, she was inexperienced with finances and susceptible to pressure from others. We worked closely with her to establish a testamentary trust, ensuring the funds were used responsibly for her education and future.”
He adds, “It’s incredibly fulfilling to witness these trusts safeguarding individuals during vulnerable times. Knowing that we played a part in securing their well-being makes all the difference.”
Moreno Valley Probate Law: Guiding You Through Complex Matters
Steve, why is working with an experienced probate attorney so crucial when it comes to estate planning?
“Estate planning can be complex, and there are many nuances involved in choosing the right type of trust,” Steve emphasizes. “An attorney like myself can help you navigate these complexities, ensure your wishes are properly documented, and avoid potential pitfalls.”
Testimonials
“Steve Bliss made a difficult process incredibly smooth. His knowledge and compassion were invaluable during a challenging time.”
– Jane S., Moreno Valley
“Moreno Valley Probate Law provided exceptional service and guidance. We felt confident knowing our family’s future was in good hands.”
– The Rodriguez Family, Moreno Valley
Let us help you create a lasting legacy. Contact Moreno Valley Probate Law today for a personalized consultation.
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 happens if all beneficiaries die before me?” Or any other related questions that you may have about Trusts or my trust law practice.
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