It's official - you are going to die. Now that we have that fact out of the way, let's have a serious discussion on what it takes to successfully move assets from one generation to the next. Today's featured blog guest is San Diego estate planning attorney, Steven Bliss. Focusing on estate planning, probate, and living trusts, Mr. Bliss deals daily with something most people want to ignore - death.
So what is Mr. Bliss' number one piece of advice when you want to move assets to the next generation? DON'T DO IT YOURSELF!
"I always tell people I can do a really great job of changing a light bulb, but I don't play around with the fuse box because I am not an electrician. It is the same thing with estate planning; you might think you can do it yourself but odds are you are probably going to make a mistake. That is why I always urge anyone considering his or her last wishes to have somebody competent represent them." -Steven Bliss, Esq.
From selecting guardians for minor children to setting up living trusts, Steven Bliss is an excellent resource. While some of the legal language of estate planning may seem like Greek to you, it is incredibly important - especially if you don't want the government to get its unfair share of taxes. A successful estate plan often costs thousands today but can save millions tomorrow, that's powerful!
If you are a member of the LGBT community trying to navigate the legalities of that reality, Mr. Bliss is considered a "legal expert" prepared to guide same-sex couples prudently through the myriad of legal bombshells. But he doesn't stop with same-sex couples, he understands the estate planning rules for gay singles as well as anyone moving through the surrogate birth process, foster parenting, and adopting children.
So you may be asking, "Isn't estate planning only for the rich?" Interestingly enough, you may think today that you will never be worth millions in the future, but for those people in their 40's putting away money and being prudent with their investment portfolios - the compounding interest fairy could be surprising! Steven Bliss believes estate planning is for everyone and has some actionable steps he would love to share. If you need estate planning or probate guidance, Mr. Bliss welcomes you to contact his law office at:
The Law Firm of Steven F. Bliss, Esq.
ADDRESS: 3914 Murphy Canyon Rd Suite A202, San Diego, CA 92123, United States
PHONE: +1 858-278-2800