Living Trust Arizona

At four peaks planning inc.

Living trust arizona.

It is true that a well constructed living trust does have a higher initial cost compared to a will. Living trust vs will basics. Well the answer depends on the specific situation but here s a list of the top misconceptions about living trusts in arizona. Estate planning needs vary with state laws and of course family situations.

Arizona living trusts for married single others. A living trust is also known as a revocable living trust. There are important differences when comparing a living trust vs will. A living trust is a trust established during a person s lifetime in which a person s assets and property are placed within the trust usually for the purpose of estate planning.

The creator or grantor may still reap the benefits of the assets held within the trust during their lifetime and in the case of a revocable trust they can designate. We help arizona residents at all income levels create affordable and comprehensive estate plans to achieve their unique goals. Arizona uses the uniform probate code which simplifies the probate process so making a living trust may be more trouble than it saves. We also offer free downloads of useful estate planning documents.

The arizona living trust is a document that allows a person to place personal property and or real estate in a holding the enables the beneficiary ies to bypass the probate process after the trust creator s death. Arizona has a simplified probate process for small estates under 75 000 for estates with no real property under 100 000 for estates with real property less any liens or encumbrances. A living trust is one way to be proactive about planning your estate if you re in arizona and think that establishing a living trust might be the best way for you to protect your assets and make life as easy as possible for your family after you ve died this guide will give you the information you need to set up the trust. A living trust is expensive.

The arizona revocable living trust is a document created by an individual who wishes to protect their assets and leave instructions for an appointed trustee to distribute assets to beneficiaries when they die. Living trusts estate planning for arizona families. Ownership of the assets are transferred to the trust but the. In arizona the most common ways to handle estate planning is by preparing a will or a living trust.

To help you make a decision when considering a living trust vs will see details below. So how much does a living trust cost.