A living trust is a popular estate planning document that allows the owner of an asset to financially benefit from it while shielding it from seizure or creditors. Essentially, this type of trust transfers ownership of the asset from the individual to the trust, preserving the asset, bypassing probate, and allowing you to enjoy the asset without worrying about losing it. Our can create a trust (or multiple trusts) that preserves your assets while ensuring compliance with state laws regarding trust administration. Please contact LifePlan Legal AZ today for a consultation.
Living Trust Lawyer Mesa, AZ
A living trust allows you to protect your assets and seamlessly transfer them to your chosen beneficiary after you pass away, bypassing probate and any estate tax that may be assessed otherwise. However, if your living trust isn’t properly constructed, it can prevent you from being eligible for Medicaid, a consideration for many older adults. You may be unable to access other government benefits, too, which is why it’s so important to have our experienced Mesa living trust lawyer construct your trust. We keep abreast of changes in state and federal laws that could impact the viability of your estate plan and make our recommendations based on your stated goals and long-term plans.
A living trust allows the funder, or creator, to have some measure of control over the assets in the trust while they are alive and in sound mental health. When you found your trust, you can also name a successor trustee, someone who manages the trust should you become incapacitated or after you pass away. Depending on your financial goals and estate plan, this may be a better option than leaving the same assets to someone in your will.
One benefit of Arizona living trusts is that the successor trustee can completely avoid probate. This method of transferring assets ensures that the successor trustee can benefit from the assets in the trust immediately after you pass away without having to wait for the probate process to be completed. If you’re concerned about that person’s ability to support themselves after you pass, then the living trust can ensure that they don’t face financial hardships.
Our Mesa living trust lawyer assesses the assets you plan to put in the trust and asks questions about your intentions and needs. Then, we draft a trust that covers all these bases, giving you peace of mind and clarity about the process.
Why Experience Matters When Setting Up A Living Trust
Rely on the legal minds that other estate planning lawyers learn from. Firm founder Jake Carlson is the author of over 100 leadership articles on topics of influence, legacy, and family vision. We have the experience you need to construct even the most complex trusts.
- Senior attorney Glenn McMinn possesses 30+ years of estate planning experience
- Active members in good standing of WealthCounsel
- Top AVVO ratings in the fields of estate planning and business succession planning
Do you need help creating or revising a living trust? Our Mesa living trust lawyer can help you create a trust that best serves your intentions. Please contact today for a consultation.
