What are the Advantages and Disadvantages of a Living Trust?

For those planning their financial future and their legacy with a qualified estate planning attorney in the Arizona area, a living trust is an option that presents a variety of advantages and disadvantages. It’s important to know what they are, so here’s a rundown of the basics.

The biggest advantage of establishing a living trust is that it allows you to avoid probate. This can save up a great deal of money, and it allows certain assets to be given to your beneficiaries much more quickly. These assets usually take precedence over the property that is named in the will, hence the faster transfer.

The living trust also gives you a great deal more flexibility going forward. You can make changes or add amendments to the trust as you’d like, so you have a lot more control over your situation in that regard as well.

Living trusts also offer significant privacy advantages. In a probate process, some documents become a matter of public record, but a trust allows you to preserve whatever level of privacy you desire.

Another underrated advantage of a living trust is the ability to use it to counter any challenges to your will. A trust allows you to disinherit any family member who may challenge your wishes after your death, and that level of control can be extremely important when serious conflict is involved in establishing and settling the will.

Assets can also be grouped according to your wishes in a living trust, too. This is especially convenient for married couples, as it allows them to separate common assets from community property assets.

The level of control provided by a living trust also extends to the guardian. The guardian’s spending habits can be controlled or curtailed, which can be important to your children and heirs, and you can also authorize another person to make decisions on your behalf if this starts to happen.

The final major benefit of a living trust pertains to the growth and maintenance of your wealth. You can limit the future withdrawal of funds to facilitate growth, and in some instances the transfer capabilities provided by a living trust can be used to help minimize or eliminate estate taxes.

On to the drawbacks. The first pertains to cost. Establishing a living trust isn’t cheap-typically it costs a minimum of $2,000, compared to a cost of just a couple of hundred dollars to draw up a will.

There’s also some work involved in the record keeping as well. This isn’t always convenient, and you may also have to re-title any property you own in the name of the trust. There may be processing fees associated with this, too.

Finally, keep in mind that living trusts typically offer no asset protection if you set yours up with an ownership interest. And you may not get a tax break for all the hard work that’s required.

There are also administrative expenses that have to be met, and unexpected problems may pop up in the form of title insurance, stock and real estate issues and other issues you simply may not be able to anticipate.

Still, it’s at least worth considering. You need to talk to a good estate planning attorney if you’re thinking about establishing a living trust in the Arizona area, so make sure you do your homework and get the best possible person for your situation.

If you are looking for a free consultation, and a top notch representation, you should first (1st) look for an experienced help near to your location

Find reliable counselling nearby at Keystone Law Firm, the best rated office in your area. Dial our phone number (telephone) (480) 418 – 8448 and set up an appointment with us,: for your convenience we’re open 24/7 and added after hours, saturdays and sundays and every weekend (including nights)

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How Much Does a Probate Lawyer Usually Cost?

One of the hidden aspects of hiring a good probate lawyer is the cost. It’s often unimportant when large estates are going through probate, but every penny counts, so it’s important to know just how the various cost factors work in the Arizona area.

Start with the basics. The fees for a probate lawyer usually are paid by the estate, and most probate lawyers charge an hourly rate that’s tied into the value of the estate, specifically or otherwise.

To be more specific, those fees are based on a gross percentage of the estate, which can make the hourly fee reasonable if the lawyer’s workload is significant or unreasonable if the lawyer’s duties are minimal. Also, the size of the rate depends on the area and whether the individual lawyer specializes in any particular aspect of probate law (e.g., real estate transactions).

Another way to gauge the potential cost of a probate lawyer is to know that the cost of the probate process is usually 3-7 percent of the overall value of the estate. This number can be used as part of the cost equation to decide if the lawyer’s fees are reasonable or not.

The lawyer’s charges can be broken down into two basic categories-the estate lawyer fees that pertain directly to legal services, and also probate costs that may or may not overlap with legal duties. These can include fees for personal representation, ancillary court fees, charges for accounting and appraisal, fees to publish notices and charges to record fees for various deeds.

Another factor that plays a part in cost is the length of the probate process itself. This may sound secondary, but the process of probating a will usually takes at least a few months, and it can actually extend for a year or more, although most estate settlements are closed within a year.

If the affairs of the deceased were disorganized or chaotic, this amount of time will play into the overall cost as well. It may take months just for the lawyer to get everything to the point where the probate process can be started in earnest, and that work doesn’t come for free.

The value of the estate plays into the legal costs in other ways as well. Larger estates often have more assets and debts, and the process of untangling them for distribution can take longer. This is especially true if there are taxes and the IRS become involved to any significant extent.

One important way to mitigate the cost of a probate lawyer is to make a smart decision about whether the probate process is even required.

Probate may be unnecessary if property is owned jointly, and if the assets being transferred include life insurance, retirement funds, bank charges, or investment money, these things can be passed on without having to go through probate.

In situations like these a probate lawyer may not be necessary, but that doesn’t mean you shouldn’t talk to one anyway. A good probate lawyer will be willing to take less money to give sound advice in situations where the need for the probate process is marginal or nonexistent, and a lawyer like this can be a valuable asset going forward as well. So, it’s worth taking the time to find the one who best suit’s your situation, financially and otherwise.

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5 Tips for Those Drafting a New Will

You’ve decided to draft a new will. It may be your first will, or you’ve decided to revise your current will. Here are 5 tips for those drafting a new will, so that you avoid the common mistakes that throw many people into turmoil or probate.

Take Everything into Account

Your will should outline how you want your property handled when you die. This could mean anything from giving it all to your wife to giving it all to charity. However, the document will be the most effective if it covers everything that matters. How do you do this? By creating a list of all your major assets. This list should include all bank accounts, CDs, investment accounts, retirement accounts, ownership stakes in LLCs, boats and vehicles. Don’t forget to list physical assets like gold jewelry, collectibles and art. You can assign a rough value to each of them. You can use this information to distribute items in equal shares or however else you want.

Consider What Your Heirs Would Want

This requires an honest assessment of every potential heir. It would be even better to have discussions with your heirs regarding what they want. Who wants the antique cuckoo clock in the hallway? Does anyone actually want the stamp collection you’ve acquired? Will anyone be interested in taking over the family home? Or would they prefer to sell the asset and distribute the money among themselves?

Prepare for the Disabled Beneficiary

Whether your spouse has a family history of dementia or your grandchild has been diagnosed with a severe disability, you’ll need to make legal preparations as soon as possible so that they’re in effect well before you pass away. For example, you’ll want to consult with an Arizona estate planner to set up a trust for a spouse who may spend several years in a nursing home. Or you may want to set up a special needs trust to provide for a disabled child or grandchild.

Then there is paperwork like living wills and power of attorney documents. Designate an agent who can manage the trust or simply pay the bills when both you and your spouse are incapacitated. Name someone to serve as your agent when you’re in the hospital if your spouse or children are no longer capable of making these decisions on your behalf.

Ensure that Your Partner Doesn’t Have to Wait for Probate

We often forget that probate locks everything up until the courts decide things. We’d recommend having your spouse or the future executor of your estate access to a sizable savings account. Then they can pay the electric bill, medical bills and other essential expenses during probate. They don’t have to be joint account holders. Instead, you could fill out a transfer on death or pay on death document with the financial institution. Furthermore, they can afford to hire legal counsel if problems arise. On the flip side, you’ve ensured that they don’t lose a car or other asset because they can’t pay the payments.

Don’t Lock Up Your Key Documents

A surprisingly tragicomic mistake is storing one’s will in a bank safety deposit box. While it is safely stored there, the bank may be legally required to lock up the safety deposit box until it is probated. That’s hard to do if the only copy of the will is in the safety deposit box. Furthermore, your living will and power of attorney documents are meaningless if they aren’t on file with the hospital and no one else can access them.

Create multiple notarized copies of your will. You could have one in the safety deposit box, but have a copy with your Arizona attorney, as well. Have a copy of your medical and financial power of attorney documents in a fire proof box in your home as well as with your attorney. Ensure that your immediate family knows where these documents are located so they can make use of them when necessary.

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The Most Common Types of Trusts

A trust is by definition a fiduciary responsibility on behalf of a beneficiary. The beneficiary could be anyone from you, your children, or the charity of your choice. However, there are many different types of trusts. Here are the most common types of trusts.

Type A Trusts

Type A trusts are also known as martial trusts are designed to provide a number of benefits to the surviving spouse. The assets in the marital trust will be part of the taxable estate of the surviving spouse when they in turn pass away. You can set up the trust to give the income from those assets to the spouse but have the assets themselves go to another heir. These types of trusts are commonly used in blended families.

Credit Shelter Trusts

Credit shelter trusts are designed to help couples maximize their estate tax exemptions, especially under the federal tax code. Assets above the estate tax threshold are held in the credit shelter trust. The still-living spouse can receive income from the trust until they, too, die. Then the trust beneficiaries receive the assets themselves. This has the side benefit of allowing you to control the distribution of assets to your heirs after your surviving spouse has died. That is typically tax-free.

Charitable Remainder Trusts

A charitable remainder trust contains most or all of your assets. You receive a percentage of the income for a defined period of time. The income above these thresholds goes to the charity. And the assets will go to the charity when you die. This approach allows you to receive a regular stream of income from investments without having to legally own the assets. Note that you can have the trust divide up the assets between multiple charities. Know that resident doesn’t have to leave money to a charity in Arizona.

Living Trusts

Living trusts are ones where you retain control over the assets as long as you’re alive and competent to make decisions. You can alter the trust, whether you want to add assets or change beneficiaries. You can even dissolve the trust. This type of trust typically helps your heirs avoid probate, but it won’t eliminate estate taxes or inheritance taxes. However, it will dramatically reduce the risk that your will is contested.

Living trusts have a number of additional benefits. If you put your interest in a business into a trust, you can have someone else manage it on your behalf. If you are disabled or die, there is then no interruption to the business as ownership is transitioned to your heirs. The trust is far more effective than a financial power of attorney, since that terminates when you die. The living trust is far more effective when it is drawn up in the state you live in and the trustee is close to the assets you want managed, assuming it isn’t a stock portfolio.

Irrevocable Trusts

Irrevocable trusts are not revocable. This means the trust terms cannot be changed once you create it. You give up control over the trust. However, this type of trust offers the greatest protection from estate taxes and probate. For example, the trust removes the assets from your estate. The irrevocable trust is then taxed as an independent entity. If you own quite a bit of income producing real estate, this could lower your personal income tax rate as you receive income from the trust. Irrevocable life insurance trusts are a good way to help your heirs pay inheritance taxes, too.

Just make sure you set the trust up correctly and choose the right trustees, since you can’t change it.

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An Introduction to Guardianship for Minor Children

The legal concept of guardianship has existed for centuries. It means that someone is taking care of or supervising the raising of a child. It is not the same thing as adopting a child, though guardians may end up adopting the child at some point. Let’s look at the most common reasons why children end up in guardianship.

Foster Care

The courts are reluctant to terminate biological parents’ legal rights to their children. However, they may lose custody of their children. The foster parents are made the guardians of the children in their care. This allows the guardian to choose what school the child attends, approve medical care and make other decisions on behalf of the child. In this case, the parents may not lose all authority regarding the child’s life. They may be allowed supervised visitation, attendance at individual education plan meetings with the school or give their opinion on medical care for the child. Guardianship in these cases is typically decided by the courts.

Family Care

Guardianship can be a practical way to give someone taking care of the child legal authority to do so. For example, a single parent expects to be incapacitated for several months of chemotherapy. Setting up temporary guardianship for the minor child ensures that the chosen guardian can take the child to the emergency room or meet with teachers while the parent is unable to fulfill these duties. Guardianship might be set up so that relatives taking care of the child have legal authority to make decisions, too. For example, a parent who is facing a prison sentence or stint in rehab for several months might set up guardianship so that their parents can properly take care of the child without any unnecessary hurdles. Guardianship may be a viable solution if you’re going to be gone for several months on a business trip, and your spouse or the other parent may not be capable of fully providing for the child. Now the family your teenager is staying with has authority to sign off on a school permission slip or take the child to the doctor.

It is wise to set up temporary guardianship if you’re going to be deployed in the military or go abroad on a work assignment. Informal guardianship is convenient until the guardian gets into trouble. For example, your grandparents or best friend cannot travel with your child if they don’t have legal permission via guardianship papers to do so. Temporary guardianship is best in these cases, because you can spell out the time limit on the paperwork or set the rules for when you regain custody.

End-of-Life

Guardianship sometimes arises when there is not a living, responsible parent. Single parents should set up a will and power of attorney documents that identify who you want to take care of your children. Living parents should draw up the same documents. After all, there is a risk you’ll both die in a car crash together. This has the side benefit of ensuring your children are taken care of by someone you both trust if one of you dies and the other is incapacitated.

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The Importance of Long-Term Care Planning

Given that half of adults lack a will, we can safely say that most people haven’t invested the necessary effort to plan for their long-term care. But what is long term care planning? And why is long-term care planning important?

What Is Long-Term Care Planning?

Long term care planning is when you create the same sort of plan for long term care as you probably did when you were saving for kids’ college or retirement. However, planning for long term care is far more than a financial plan. There are a number of legal documents you should have in place, and there are decisions you should make sooner rather than later. So, what else is involved in long term care planning?

Get the Necessary Legal Documents in Place

A will tells the state how you want your property distributed after your death. A living will tells the hospital what you want do when you’re at the end of your life. However, these are not the only legal forms you should have in place.

You should consult with an Arizona attorney to draw up critical legal forms like a medical power of attorney so that someone can make medical decisions on your behalf when you’re incapacitated. You should have a financial power of attorney that designates an agent allowed to pay your bills, liquidate assets and handle other affairs when you are unable to do so. You have to make these decisions in advance and create the necessary documents, if you don’t want your family to have to go to court to appoint a trustee.

Decide What You’re Going to Do with Your Property

Decide now what you will do with your property. If you want to age in place, consider making renovations to the home today that make it easier to do so. This can include installing walk-in showers and half-walls next to the toilet. You might install ramps to the front door and railings along the stairs. However, if your home is not easily modified, the better choice is to sell it and move into something you can manage in. Note that this does not have to be an assisted living facility. If you are experiencing some mobility issues but can remain independent for years, move into a small single-story condo or two-bedroom home in a 65 and older community that takes care of building maintenance. But don’t pay to renovate a home you’re not going to stay in. That is just a waste of money.

Talk to an estate planning attorney to determine the legal options for transferring ownership to a family member. Note that it is illegal to try to impoverish yourself on paper to qualify for Medicaid, but you can start planning now to transfer a home to a family member who moves in to take care of you. Work with a qualified attorney to facilitate the sale of a family home for market value, even if it is sold to one of your relatives.

Plan How You’ll Tap Your Existing Assets

Consult with a financial planner to determine what assets you should tap first to minimize the tax bill that will come due. Don’t let the healthy spouse draw down their IRA when there are joint savings accounts, they can use to pay the bills. This will simplify the estate when the person in care finally dies. You may want to review your portfolio and begin selling poor performers now to pay for care instead of selling everything. This may allow for additional growth in an investment account. Alternatively, you could apply for a reverse mortgage to help you continue to live in the home before it is eventually sold.

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The Pros and Cons of Conservators

Conservators are people appointed by the courts to act as a guardian on behalf of a named individual. They may take on the job temporarily until a close relative can be found to take on the job. Or a social worker or government representative may be appointed on that person’s behalf, though that’s always a last resort. Let’s look at the pros and cons of conservatorship.

The Benefits of Conservatorship

A conservator could be appointed for someone who has no close family or friends. Conservators could be named for someone who lacks a capable family member or friend, as well, such as someone whose only family consists of minor children and elderly parents who can’t handle the challenge.

Conservators are accountable to the courts. This is often an improvement to handing over the checkbook to an adult child and trying to sue them later for misallocation of funds. And the incompetent individual may not successfully regain their ability to evaluate their actions and prosecute them for draining the person’s account. If a guardian listed in a POA makes bad decisions in this case, then someone else has to take them to court to challenge their actions and probably the conservatorship itself. In contrast, conservators have to get court permission to take major steps like selling someone’s house or terminated life support.

The Downsides of Conservatorship

Gaining conservatorship is an expensive and time-consuming process. This could result in delays in proper treatment, if you’ve been left incapacitated by a surgery gone wrong or serious accident.

Conservatorship is determined in court. This makes everything said about your mental and physical state a matter of public record. This undermines your privacy. It can create problems for young adults who were temporarily wards of a guardian while struggling with addiction or mental illness.

Conservatorship is a hassle in and of itself. The conservator has to maintain detailed records about what they do with your money and property. This is why some people refuse to take on the role, though they love you and want to support you. On the other hand, conservatorship can be contested, both by the person who thinks they are still competent or others who want to take responsibility for the future ward.

Observations about Conservatorship

The best thing you can do is draw up Arizona state specific medical and financial power of attorney documents naming who you want to make these decisions on your behalf when you can’t. The POA documents will be as limited or as broad as you want them to be. You can split healthcare decisions from financial decisions.

One benefit of having medical and financial power of attorney documents in place is that the courts will often defer to that person if a conservator needs to be appointed. In Arizona, the trustee named in power of attorney documents will take precedence over anyone you name in the will. Furthermore, the trustee named in the POA document will likely be known to the hospital or other healthcare provider, because you may already have that documentation on file with the institution. This is preferable to leaving friends and family searching for a will that may not exist to determine who would or should take over as conservator. And that’s assuming the will isn’t locked in a safety deposit box no one can access without your signature.

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Invest in accordance with state rules”
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How to Use Trusts to Protect Your Assets from Medicaid

Medicaid was intended to provide medical care for the indigent. This is separate from the Medicare system that nearly all retirees qualify for around the age of 65. Medicaid is unusual in providing funds for long-term care for the indigent. However, it is possible for many people to end up relying on Medicaid at some point.

The Disabled Spouse

It is possible for a couple to apply for Medicaid. If both adults apply for Medicaid nursing home assistance, there are strict asset and income limits that apply. For example, the couple can only hold four thousand dollars in assets and have an income below a set threshold that varies from state to state. In Arizona, the couple can earn around 2,100 dollars a month or 4,200 dollars together. Issues arise when one person requires full time nursing home care but the other spouse is still independent. The independent spouse can retain up to about 130,000 dollars in assets while the other spouse is confined to a nursing home.

In this situation, we would recommend a Qualified Income Trust or QIT. The QIT is also called Miller Trusts or Income-Only Trusts, though the latter name is only used in Arizona. This type of trust must be irrevocable. Furthermore, it must have the Arizona Health Care Cost Containment System as the remainder beneficiary. This type of trust keeps the couple’s income below the threshold while ensuring they are properly taken care of. And it may allow you to avoid spending down assets.

Another option is a Medicaid Asset Protection Trust or MAPT. The assets put in the trust are no longer considered owned by the individual. Note that trusts like this generally need to be set up years in advance of admission to a nursing home paid for by Medicaid.

A Special Needs Adult

A special needs trust, also called a supplemental needs trust, is probably the best solution in this case. Consult with a Chandler estate planning attorney to determine the best way to protect assets and provide for an adult who will rely on care for the rest of their lives. You will want to set up trusts and guardianship for them, while wills and power of attorney documents must be drafted to achieve your final wishes, providing for their needs. Conversely, you shouldn’t assume that a will that sets up a trust will be sufficient, because your estate is liable for your long term care expenses before any assets flow to your heirs, including those who are themselves disabled.

Estate Planning when Medicaid Is Involved

Consider setting up an irrevocable trust to protect a family business, farm or home long before you require assistance with daily tasks. The irrevocable trust allows your assets to continue operation whether you’re disabled or dead. Putting assets in the trust may allow them to continue running under the supervision of the trustee during probate, as well. The trustees may be an attorney, a family friend or your family members themselves.

Don’t just set up a trust to protect assets from seizure to pay for your nursing home bills. Work with an estate planning expert so that the trust works along with other key documents like your will so that your wishes are carried out. Furthermore, your attorney can help you re-title assets to put them inside the trust so that it actually does what you want it to do.

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Receiving your Inheritance via Probate in Arizona

If a loved one has passed, an inheritance lawyer in Arizona can help to answer many of the legal questions associated with their estate. If they have left a will, that document will state how children, and other beneficiaries, are to be provided for. Friends and charitable organizations are just a few of the parties that may have an interest in the will.

Is Every Will Valid?

If a resident of Arizona has left a will, it will have to go through the probate process. The first step involves validating the will. A will is not be considered valid, if it does not meet the requirements set by Arizona state law.

Wills in Arizona must be signed and dated. A will does not have to be typed, and this is why wills written at home are valid. If it’s handwritten, it must be evident that it’s in the decedent’s handwriting.

A will made in Arizona usually has at least two witnesses. If a will is made that does not have these two witnesses, the probate process will have challenges. If a will left by a loved one has been declared invalid, and you need guidance on the next step that you can take, speak with one of our experienced inheritance attorneys near you.

Is an Executor Always Required?

When a will is made, an executor of the will is required. This man or woman performs several administrative duties, ensuring that the decedent’s wishes are carried out. This individual does not have to be an attorney.

Gathering of Assets

After the validity of a will is established, the assets must be investigated. Each asset described is reviewed. This allows the executor to have accurate, up to date information on the property as they carry out their duties.

Settle Liabilities

After the assets are gathered, the liabilities can be settled. This step takes place before any assets are distributed as described in the will.

Creditors are paid, as required by the law. All bills and taxes will be paid during this step. The final income tax return for the decedent will be filed by the executor after all the bills are paid.

Asset Distribution

Once all creditors have been paid from the estate, the executor will file with the probate court in Arizona. This document contains an accounting of everything that they did. At that point, they can attend to the distribution of assets.

The remaining assets are distributed to the beneficiaries according to the guidelines set out in the decedent’s will. Our Arizona inheritance lawyers can assist with any questions you have at this stage.

When everyone named in the will has received their inheritance, a judge will close the estate. The probate process is also ended by a judge.

All wills don’t have to go through probate court. If the value of your loved one’s estate is below a certain threshold, you can settle the will much more quickly than with a larger estate. An affadavit will need to be submitted to that effect.

Inheritance Attorney – Provides Results Without Delay

If you became an inheritor, and don’t know how to proceed? The recommended action step would be to contact the best one & successful specialist you can find nearby, so you can receive proper guidance & advice, understand the procedures around the complicated law around completing the transfer. The following write-up will offer you an understanding of what will be required to settle an estate or trust if a loved one has passed:

You are the beneficiary in wills/trusts
You are a direct heir to someone who has died
You are named as an executor or trustee
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Contacte un grupo de abogados bilingües en Español/Inglés especialistas en derechos de herencia, disputa y conflicto de intereses y transferencia de bienes y propiedades.
Exclusive practitioner servicing locally the neighborhoods of Las Casitas del Sur, Oasis Neighborhood, Cambric Courts, Ocotillo, Fox Crossing, Heatherbrook, Woodglen, Downtown, Sun Groves, Colonial Coronita, Britanny, Festival Celebration, Comanche Ranch, Windmills West, Grand Reserve, Balboa Ways, Pueblo Santa Fe, Springs HOA, Vineyard, Windrose East, Crescent Village, Ironwood Vistas and Carino Estates, the zipcodes of 85224, 85226, 85225, 85244, 85286, 85248, 85249 & 85246; the counties of Maricopa and Pinal in general and the nearby cities of Phoenix, Apache Junction, Glendale, Gilbert, Mesa, Sun Lakes, Paradise and Fountain Hills in Arizona.
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Personal Asset Protection in Arizona

Residents of Arizona work hard, and a personal asset protection attorney in Arizona can help to ensure that their clients enjoy the results of their labor. Many unforeseen challenges can arise in life, but by being proactive, you can reduce their negative effects.

Arizona offers several safeguards in law, which shield your personal assets. If you experience financial losses due to accidents, become injured, or encounter other mishaps, these things can upset you, but they don’t have to destroy the foundation you’ve created for yourself. You can put measures in place which prevent debt from decimating your financial situation.

Planning Ahead

A personal asset protection attorney near you can offer advice on the different ways in which you can preserve your capital. Passing on wealth to future generations is imperative, but without thorough planning, you won’t be able to benefit from all that Arizona state law provides.

Many of the strategies that our asset protection attorneys use offer the most advantages when they are implemented years ahead of when they might be needed. Using them in ways that follow the time guidelines established by the law, allows your actions to be transparent.

Preserve Wealth through your Property

In almost every part of Arizona, people use property to pass on wealth to their children. A Chandler AZ lawyer near you can explain how this can be done in your case. Now is the best time to protect your wealth.

Arizona state law allows you to maintain ownership of property valued at up to $150,000. Even if you become bankrupt, that property cannot go to your creditors. This has significant benefits for your beneficiaries, because it means they will always have an asset to inherit.

If you don’t own a home at this point, it may be time to think about acquiring one. The protection given to property under Arizona law can only apply to property, so you can prevent access to your money in that way.

Our experienced property attorneys in Arizona have helped many clients to develop a wealth protection strategy that is based on property ownership. We can help you to organize your assets at every stage of life.

Transfer Assets

Talk to a lawyer about the possibility of transferring assets to someone you trust. If an asset is not in your name, creditors can’t access it.

If you want to transfer an asset, you must do so long before you need to. If you suddenly transfer an asset after you’ve been sued, you’ll place yourself in a complicated legal position.

This strategy should only be used if you know you can rely on the person that you’ve chosen. For example, some of our clients transfer assets to their children, while others may make transfers to their spouse.

There are many strategies that can keep you from losing your assets if you’re sued, or file for bankruptcy. A trust may also help you, and an Arizona lawyer near you can discuss the pros and cons of using one. Talk to our experienced attorneys today.

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Set up a business appointment with specialist to create a litigation proof protection strategy or deal with property related lawsuit if someone sues. You can ask any questions during the session. Our assessment goes from filing in the corresponding documentation required to protect your assets, drafting & covering the scenarios for a living trust to become revocable or irrevocable (you can give up control & direct ownership and keep creditors away) or if it expires in a certain time span or after death.
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Are you a senior citizen or have an elder family member with a judgment or collection against them? Seeking a way to defend yourself and would like to find someone near with a highly accomplished resume, skilled and qualified to help you in this instance? Request no obligation information and take the step to learn about our tactics in solving these type of matters
Our office is now open on weekends (saturdays and sundays), evening and nights – we have extended our hours of operation to better assist you!
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Guardianship should allow for and protect the interests of a guardian, that’s why it’s important to have strong representation defending your right during court proceedings
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“There are a few questions you should ask attorney when you arrange a consultation, for example: How Long & Many Structures Have You Implemented? Years Practicing In This Specific Field? Will this firm provide federal tax compliance guidance? What is your rate of success? Can you point me to a third party that can recommend your services? What type of due diligence did you conduct for the non-domestic trustee? Do you have any material that was published by well-know legal publishers? Are you an expert speaker or may be a guest lecturer at a college, university or another educational institution? Can you tell me the total cost of my implementation on an initial consult? What experience do you have when being challenged or attacked outside of United States, and what kind of outcome did you produce?
We can assure you that we can answer most of these inquiries, so dial our phone number now at 480) 418 – 8448 let’s discuss your needs and problems”
Make sure to include proper strategies in your estate plan (review it as well regularly) to safeguard your interests, inheritance, and give your beneficiaries the options to divest them and use well & qualify for a long term care assistance.
How would you get around heirship regulation? Find out today with one of our team members, book an evaluation now
Do you have high net worth and exploring options? Discuss setting up a domestic or foreign offshore banking checking and savings accounts, what each jurisdiction (and their land) has in-store for you, advantages and disadvantages, benefits of an LLC or corporation
Make sure that trusts that are draw up for you include all the necessary conditions and requirements to be certain that control is retained and your fund or portfolio is far from harm’s way.
Premier lawyers will make sure to customize each plan created provides comprehensive and maximum security, and can potentially lead to a good settlement in your favor.
We are proud to be doing business and offering our full service in these following localities in Arizona: Maricopa County, Pinal County and the nearby cities of Phoenix, Tempe, Scottsdale, Mesa, Apache Junction, Glendale, Sun Lakes, Paradise, Fountain Hills and Gilbert; also, extending our range to the following neighborhoods: Cambric Courts, Las Casitas del Sur, Oasis Neighborhood, Ocotillo, Heatherbrook, Fox Crossing, Woodglen, Downtown, Colonial Coronita, Sun Groves, Festival Celebration, Comanche Ranch, Britanny, Windmills West, Balboa Ways, Grand Reserve, Springs HOA, Pueblo Santa Fe, Vineyards, Crescent Village, Carino Estates and Ironwood Vistas.
We are now helping people in the following nearby zip codes north, south or east of our office: 85225, 85224, 85226, 85248, 85286, 85249, 85246, 85248.
Abogados bilingües en idiomas Inglés y Español, expertos en manejar asuntos legales en protección de recursos, herencia y distribución de bienes.

Scottsdale

Scottsdale is a beautiful, bustling city, nestled in the heart of the desert in Arizona. It style’s itself as ‘The West’s Most Western Town’ and it certainly does a lot to live up to that reputation. It has a population of more than a quarter of a million, having seen huge population growth in the post-World war 2 period. In fact, in 1950 the recorded population of the town was only about 2000 people!

The city limits have expanded greatly since the 1970s, but responsible governance has meant that the original old town has been preserved. It remains one of the most vibrant, well-conserved old towns in America, boasting an array of shopping and dining experiences. The town of Scottsdale is regularly voted as one of the most desirable places to live in the State of Arizona.

There are a number of potential reasons for this popularity, but it is hard to look past the booming nightlife. The old town district is home to a number of high-end nightclubs and trendy bars, and more recently some stylish, high capacity hotels such as the Mondrian Hotel and the W Hotel have opened in the area. Although they might seem worlds apart, the Scottsdale town center has been compared to the South Beach area of Miami because of its lively, party-happy spirit.

But there is much more to Scottsdale than just nighttime entertainment. Tourists might want to pay a visit to the Great Wolf Lodge water park or the aquarium in the city. For locals, keen to enjoy a slower pace of life, there are a number of great parks and open spaces to explore. The Camelback Mountain, located just outside the city limits, is very popular with adventure seeking rock climbers. For those who prefer golf, there are a number of great courses for you to practice your putting. Scottsdale has a well-deserved reputation as one of the premier golfing resort destinations in America.

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