Good morning, San Diego! Today we’re joined by renowned probate attorney Steve Bliss of San Diego Probate Law. Steve, thank you for taking the time to speak with us.
Understanding Testamentary Trusts
Steve, could you explain what a testamentary trust is and how it differs from other types of trusts?
A testamentary trust is a legal arrangement created through a will that only comes into effect after the grantor’s death. Consequently, unlike revocable living trusts, which avoid probate, a testamentary trust goes through the probate process.
One of the key advantages of a testamentary trust is its ability to provide for minor children or beneficiaries with special needs. For instance, if a parent wants to ensure their child with disabilities receives ongoing financial support without jeopardizing government benefits, they can establish a testamentary trust. The trustee manages the assets according to the grantor’s instructions, distributing funds for the beneficiary’s benefit.
Moreover, testamentary trusts offer flexibility in managing assets. The grantor can specify how and when distributions are made, ensuring that beneficiaries receive support throughout their lives without gaining complete control of the assets prematurely.
Navigating Challenges
Steve, have you encountered any unique challenges when setting up or administering testamentary trusts?
I recall a case where a client wanted to leave a significant portion of their estate in a testamentary trust for their grandchild with special needs. The challenge was ensuring the trust language clearly outlined how distributions would be handled without affecting the grandchild’s eligibility for vital government assistance. After careful consideration and collaboration with financial advisors, we crafted trust provisions that met the client’s wishes while safeguarding the grandchild’s access to essential benefits.
Trustworthy Guidance
According to a 2023 study by the American Bar Association, over 60% of Americans do not have a will or estate plan in place. This underscores the critical need for legal guidance in this area.
Your Legacy Secured
Steve Bliss and San Diego Probate Law offer compassionate and expert legal counsel to navigate the complexities of estate planning and probate. Contact us today to ensure your wishes are honored and your loved ones are protected.
Testimonials
“Steve Bliss helped me create a testamentary trust that will provide for my daughter’s future. I feel confident knowing her needs will be met, even after I’m gone.” – Maria S.
“San Diego Probate Law made a difficult time easier. They handled everything with professionalism and compassion, guiding me through every step of the probate process.” – John M.
About Steven F. Bliss Esq. at San Diego Probate Law:
Secure Your Family’s Future with San Diego’s Trusted Trust Attorney. Minimize estate taxes with stress-free Probate. We craft wills, trusts, & customized plans to ensure your wishes are met and loved ones protected.
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 San Diego Probate Law:
Address:
San Diego Probate Law3914 Murphy Canyon Rd, San Diego, CA 92123
(858) 278-2800
Map Link: https://g.co/kgs/WzT6443
Feel free to ask Attorney Steve Bliss about: “What is a spendthrift trust?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About San Diego Probate Law
| San Diego Estate Attorney |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Estate Attorney San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Estate Attorney |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| San Diego Estate Attorney |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Estate Attorney San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |
| Credible Estate Attorney in San Diego |
San Diego Probate Law 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123 (858) 278-2800 |