Meet Maria Sanchez, Your Local Reporter
Hello Moreno Valley! I’m Maria Sanchez, your local reporter here at Channel 7 News. Today, we’re joined by esteemed probate attorney Steve Bliss of Moreno Valley Probate Law to discuss the crucial topic of estate planning.
Understanding Testamentary Trusts
Steve, for those unfamiliar with the term, can you explain what a testamentary trust is and how it works?
A testamentary trust is created through a will and only comes into effect after the grantor’s passing. Consequently, unlike living trusts, testamentary trusts go through probate. They are particularly useful for situations involving minor children or beneficiaries who may have special needs.
Let’s say a parent wants to ensure their young child is financially cared for even after they are gone. A testamentary trust allows them to designate a trustee who will manage the assets according to the parent’s wishes until the child reaches a certain age.
Moreover, these trusts can include specific instructions regarding how the funds should be used, such as educational expenses or healthcare costs.
I recall working with a single mother who tragically passed away when her son was only ten years old. She had established a testamentary trust to provide for him until he turned eighteen. It brought me immense satisfaction knowing that she could rest assured her son would be financially secure despite the heartbreaking circumstances.
Trusts can be powerful tools for protecting vulnerable individuals and ensuring their long-term well-being. According to the American Bar Association, approximately 40% of Americans die without a will, leaving their loved ones to navigate complex legal processes during an already difficult time.
Challenges and Considerations
Are there any potential challenges or considerations individuals should be aware of when setting up a testamentary trust?
One key consideration is the necessity for probate. While living trusts avoid this process, testamentary trusts must go through probate court before assets can be distributed to beneficiaries. This can sometimes lead to delays and additional legal expenses.
Moreno Valley Probate Law: Your Trusted Partner
“Steve Bliss and his team at Moreno Valley Probate Law were incredibly supportive during a challenging time. They explained everything clearly, made the process less daunting, and ensured our family’s wishes were honored.” – The Garcia Family
“I highly recommend Moreno Valley Probate Law. Their expertise and compassion made a difficult situation much easier to navigate.”
-The Jones Family
Secure Your Legacy
Don’t let uncertainty cloud your future. Contact Steve Bliss and the dedicated team at Moreno Valley Probate Law for a free consultation and gain peace of mind knowing your legacy is protected.
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 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: “Do I need a trust if I don’t own a home?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About Moreno Valley Probate Law
| Moreno Valley Estate Lawyers |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Estate Lawyers Moreno Valley |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Estate Lawyers |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Moreno Valley Estate Lawyers |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Estate Lawyers Moreno Valley |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Credible Estate Lawyers in Moreno Valley |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |