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. 
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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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Legal Disclaimer

The information you obtain at this site is not, nor is it intended to be, legal advice. The Golden Rule Law Group® · Decker & Woods, PC's legal team is licensed to practice law in Arizona. We invite you to contact us, but please be aware that contacting us does not establish an attorney-client relationship. Please do not send any confidential information to us until an attorney-client relationship has been established.

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