The phone rang, shattering the quiet morning. It was Sarah’s brother, his voice tight with worry. Their father had unexpectedly passed away. Sarah felt a wave of nausea. Not only was she grieving, but she also knew her father hadn’t left a will.
Now, navigating probate court and potential family disputes seemed inevitable.
What Are The Benefits of Setting Up a Trust?
A trust is a legal entity that holds assets for the benefit of designated individuals, known as beneficiaries. Consequently, trusts offer several advantages over simply bequeathing assets through a will. Firstly, they allow for greater control over how and when beneficiaries receive assets. For example, parents can establish a trust to provide for their children’s education or ensure responsible financial management. Secondly, trusts can help minimize estate taxes, potentially saving significant sums for heirs.
How Does a Trust Avoid Probate?
“My father always said he didn’t need a fancy lawyer,” Sarah’s brother lamented. “He thought his assets were straightforward enough.” Unfortunately, this common misconception led to complications. Sarah and her brother faced months of legal proceedings, ultimately incurring substantial attorney fees. Had their father established a trust, his assets would have bypassed probate entirely, saving time, money, and emotional stress.
What Happens If I Don’t Have a Trust?
Probate is the court-supervised process of distributing a deceased person’s assets. It can be lengthy, expensive, and public. During probate, creditors have the opportunity to file claims against the estate. Additionally, family disputes over asset distribution are common, further complicating matters.
How Can I Choose The Right Trust Attorney?
After witnessing her own family’s struggles, Sarah resolved to seek legal guidance for her own estate planning needs. She contacted Steve Bliss, an experienced Estate Planning attorney in Temecula. Steve patiently explained the complexities of trusts and helped Sarah create a plan tailored to her specific circumstances. He even addressed potential jurisdictional nuances, ensuring her trust complied with California law.
About Steven F. Bliss Esq. at The Law Firm of Steven F. Bliss Esq.:
The Law Firm of Steven F. Bliss Esq. is Temecula Probate Law. The Law Firm Of Steven F. Bliss Esq. is a Temecula Estate Planning Attorney. Steve Bliss is an experienced probate attorney. Steve Bliss is an Estate Planning Lawyer. The probate process has many steps in in probate proceedings. Beside Probate, estate planning and trust administration is offered at Steve Bliss Law. Our probate attorney will probate the estate. Attorney probate at Steve Bliss Law. A formal probate is required to administer the estate. The probate court may offer an unsupervised probate get a probate attorney. Steve Bliss Law will petition to open probate for you. Don’t go through a costly probate. Call Steve Bliss Law Today for estate planning, trusts and probate.
My skills are as follows:
● Probate Law: Efficiently navigate the court process.
● Estate Planning 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.
Services Offered:
estate planning
living trust
revocable living trust
family trust
wills
estate planning attorney near me
Map To Steve Bliss Law in Temecula:
https://maps.app.goo.gl/RL4LUmGoyQQDpNUy9
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Address:
The Law Firm of Steven F. Bliss Esq.43920 Margarita Rd ste f, Temecula, CA 92592
(951) 223-7000
Feel free to ask Attorney Steve Bliss about: “What documents are essential for a basic estate plan?” Or “What happens to jointly owned property during probate?” or “Can I put jointly owned property into a living trust? and even: “What is the difference between Chapter 7 and Chapter 13 bankruptcy?” or any other related questions that you may have about his estate planning, probate, and banckruptcy law practice.