Good afternoon, Escondido. I’m here today with Steve Bliss, a well-respected probate attorney right here in our community. Mr. Bliss, thanks for taking the time to speak with me.
What are some of the most common estate planning tools you encounter in your practice?
It’s a pleasure to be here. As an Escondido Probate Attorney, I see a variety of estate planning needs. One tool that frequently comes up is the testamentary trust.
Could you tell us a little bit about testamentary trusts and how they work?
Certainly. A testamentary trust is created through a will and only takes effect upon the grantor’s death. Unlike a living trust, it goes through probate, which means the court oversees the distribution of assets according to the terms outlined in the will.
Consequently, testamentary trusts are often used when someone wants to ensure that their assets are managed for beneficiaries who may not be ready to handle them directly, such as minor children or individuals with special needs. Moreover, testamentary trusts can provide a level of control over how and when beneficiaries receive funds.
Conversely, it’s important to remember that because testamentary trusts go through probate, they are public record. This can be a consideration for those who value privacy.
Have you encountered any challenges or unique situations when helping clients establish testamentary trusts?
While testamentary trusts are a valuable tool, there have been instances where the wishes expressed in a will haven’t perfectly aligned with the needs of the beneficiaries. I recall one case involving a grandmother who wanted to leave her assets in trust for her grandchildren’s education. Unfortunately, she didn’t specify how the funds should be distributed if one grandchild decided not to pursue higher education.
This led to some tension among the siblings and required us to work with the family to find a solution that honored the grandmother’s intentions while also being fair to all the grandchildren. It underscored the importance of carefully considering all potential scenarios when drafting a testamentary trust.
What advice would you give to someone considering a testamentary trust?
My advice is to consult with an experienced probate attorney. They can help you understand the pros and cons of a testamentary trust in your specific situation and ensure that it’s structured in a way that meets your goals.
Remember, nearly 60% of Americans don’t have a will or trust in place, according to a recent survey by Caring.com.
Don’t wait until it’s too late. Taking the time to plan now can save your loved ones a great deal of stress and uncertainty in the future.
“Steve Bliss helped me navigate a very difficult time after my mother passed away. His knowledge and compassion were invaluable.” – Mary J., Escondido Resident
“I was overwhelmed with the probate process, but Steve Bliss made it understandable and manageable. I highly recommend him!” – David S., San Marcos
Take control of your future. Schedule a free consultation with Escondido Probate Law today to discuss your estate planning needs.
About Steven F. Bliss Esq. at Escondido Probate Law:
Escondido 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 Escondido Probate Law. Our probate attorney will probate the estate. Attorney probate at Escondido Probate Law. A formal probate is required to administer the estate. The probate court may offer an unsupervised probate get a probate attorney. Escondido Probate law will petition to open probate for you. Don’t go through a costly probate call Escondido Probate Attorney Today. Call for estate planning, wills and trusts, probate too. Escondido 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 Escondido Probate Law: https://maps.app.goo.gl/77Dm2B8W9XkM5YvJA
Address:
Escondido Probate Law720 N Broadway #107, Escondido, CA 92025
(760) 884-4044
Feel free to ask Attorney Steve Bliss about: “What is trust administration?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About Escondido Probate Law
| Escondido Trust Attorney |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |
| Trust Attorney Escondido |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |
| Trust Attorney |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |
| Escondido Trust Attorney |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |
| Trust Attorney Escondido |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |
| Credible Trust Attorney in Escondido |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |