Revocable Living Trust Attorney Serving Chandler & Phoenix
A revocable living trust is a living trust that can be changed at any time as long as the grantor is alive. Having your assets in a revocable trust means that your beneficiaries will be able to avoid the probate process and save money overall.
If you need help with establishing a revocable living trust, then our legal team is ready to help. When working with our law firm, you will have an experienced legal team who have over 80+ years of combined probate and estate planning experience. Our team takes pride in taking the stress off of your shoulders and putting it on ours. We offer free consultations to help you determine what your next steps need to be.
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What Is a Revocable Living Trust in Arizona?
Revocable living trusts are contracts which have three parties: the “trustor” who makes the trust, the “trustee” who administers the trust assets by the terms of the trust, and the “beneficiary” who receives the assets according to the terms of the trust.
A husband and wife can create a trust in which they are both trustors, both trustees, and both beneficiaries. Once they put their assets into the trust, those assets will pass without going through a probate court. These are very important strategic documents. They can be revocable or irrevocable. Sometimes when people become older a child or grandchild will gain favor and begin to siphon off assets. Having a revocable or irrevocable trust can also protect you from the potential of being taken advantage as you get older.
Where Revocable / Irrevocable Living Trusts Become Useful
A revocable or irrevocable trust can be beneficial to you depending on your specific situation. That is why it is important to consult with an experienced attorney before deciding how you will manage your assets within your estate plan. Living trusts as a whole can be beneficial if you have:
- Multiple pieces of real estate.
- Real estate located in other states of the union. (Putting the property in a trust avoids having to do another probate in that other state, because states have jurisdiction over the land that is in that state.)
- Blended families.
- Families with troubled children.
- Families with control issues.
- People who do not want the public to be aware of their assets.
- People with a lot of money so that there will not be a problem paying debts, and the premium is placed on a smooth administration.
- People with odd distribution schemes.
Nothing but calming, compassionate, informative, and helpful through the probate process. We are now updating our estate plan and continue to receive their attentiveness and professionalism.
Golden Rule gave us excellent service for an excellent price. Mr. Decker and Justin were knowledgeable and friendly and I'm very glad we went to them.
These lawyers live by the motto of their firm. Their kindness and generosity of spirit gives lawyers the good name that all should strive for.
Attorneys Woods & Decker were professional and compassionate. We were grateful for their quick response and ability to meet with us on short notice. They listened carefully and provided us with sound counsel. We highly recommend their services!
Contact An Experienced Estate Planning Attorney
At the Golden Rule Law Group®, our team is dedicated to helping and representing you. You will have an experienced legal team who have over 80+ years of combined probate and estate planning experience. Our team takes pride in taking the stress off of your shoulders and putting it on ours.
Our firm primarily serves the areas of Chandler, Gilbert, Phoenix and other areas around Maricopa County. If you are in need of an experienced probate attorney in Arizona, please contact us today to schedule your free case evaluation.
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