Many estate plans include at least one trust. They’re a common estate planning tool and, for some people, they provide solutions and benefits to common problems. Depending on your needs, there are typically three major benefits to using a living trust. Anatomy Of A Trust While there are different types of trusts, most trusts are…
In the heat of summer, we don’t just protect ourselves with a ball cap or a little zinc oxide on our noses. No, we add extra layers of protection. We avoid dehydration by drinking more water. Too hot to go outside? Head inside for some deliciously cold AC. And sunscreen protects our skin from sunburns…
People usually have the best intentions when deciding who will get their property after they’re gone. Good estate planning can give a sense of contentment, satisfaction, and peace of mind. But taking a long, hard look at your heirs may cause some people to cringe a little. Can their loved ones really handle getting large…
Your life has a lot of moving parts. You may be juggling funds between bank accounts, investments and retirements funds. Or maybe you’ve moved recently or bought property in Arizona. It may be time to talk to your attorney about Arizona Living Trusts. What Is An Arizona Living Trust? Living trusts, also known as revocable…
Wills are an integral part of a good estate plan. Yet as an estate planning and probate law firm, we often recommend a plan that is built on a living trust. In fact, we offer a free monthly seminar that we call a Living Trust Seminar. The reason we do this is because, in most…
A Special Needs Trust Is An Ideal Tool For Managing Care For A Disabled Family Member When structured correctly, it can provide such supplemental items as therapy, companions, education or respite care for caregivers without interfering with the beneficiary’s government assistance programs. A Special Needs Trust can work extremely well when it is drafted to…
More than 55 percent of adult Americans have no form of a Will or Estate Plan. With these kinds of statistics, the chances are good when someone dies, the family struggles to locate a will after dying. If you have had this happen to a family member, chances are you know how challenging the situation…
Should You Choose A Will Or Trust? When it is time to arrange for your final wishes to be carried out and for laying out instructions for disposing of your real estate and personal property, you can choose a will or a trust. Both documents will get the job done but are executed very differently.…
If you have a living trust, one of your most important steps in making sure your plan works correctly when it is needed is to have all of your assets properly funded into your trust. And I Mean Everything. Some of your financial assets need to be owned by your trust and others need to…
Why Do You Need A Protector In A Trust Have you heard the term “trust protector”? Perhaps you have never heard this or maybe you are researching this because someone suggested it to you. Either way, here is an explanation of what a trust protector is, and what its advantages and disadvantages are. If you…