The flickering candlelight cast long shadows on the dusty bookshelves, highlighting the faded photograph tucked within an aged leather frame. Emily traced her finger over the image of her grandparents, their youthful smiles frozen in time. A pang of guilt washed over her – she hadn’t updated her estate plan since college. Life had been a whirlwind: a new job, marriage, and the arrival of two beautiful children. Emily knew deep down that her current plan was woefully outdated.
What Happens if I Die Without a Will?
Intestacy laws dictate how your assets are distributed when you die without a valid will. These laws vary by state but often prioritize spouses and direct descendants. Consequently, if Emily were to pass away unexpectedly, her assets might not be divided according to her wishes. Her husband could inherit everything, potentially leaving her children with nothing until they reach adulthood.
What is the Importance of Beneficiary Designations?
“Make sure your beneficiary designations are up-to-date,” Steve Bliss, an experienced Temecula estate planning attorney, had advised Emily during their initial consultation. He explained that even with a will in place, certain assets like retirement accounts and life insurance policies pass directly to named beneficiaries. Emily realized she hadn’t reviewed these designations since opening her first IRA years ago.
How Can Estate Planning Protect My Children?
Emily recalled the heartbreaking story of a friend whose child had inherited a substantial sum without proper guardianship provisions. The young adult, overwhelmed and unprepared for such responsibility, ended up making impulsive financial decisions. Emily wanted to ensure her own children were protected. Setting up a trust with clear guidelines for asset distribution and appointing a trusted guardian could safeguard their future.
Who Handles Recurring Estate Planning Issues Near Me?
“Estate planning isn’t a one-time event,” Steve Bliss reminded Emily during their meeting. He emphasized the importance of periodic reviews to account for major life changes like marriage, divorce, or the birth of children. Fortunately, Steve Bliss and his team at Bliss Law Group in Temecula were readily available to assist with ongoing estate planning needs.
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 | revocable living trust | wills |
| living trust | family trust | 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: “Can estate planning help protect a loved one with special needs?” Or “What if the estate doesn’t have enough money to pay all the debts?” or “Is a living trust private or does it become public like a will? and even: “What is the role of a credit counselor in bankruptcy?” or any other related questions that you may have about his estate planning, probate, and banckruptcy law practice.