If you are considering making a trust, you may want to speak to an estate lawyer Phoenix, AZ residents depend on. At Kamper Estrada, LLP, we have helped many people create living trusts and are ready to assist you. A skilled lawyer may simplify the process and help you create a living trust that is free of errors.
What is a Living Trust?
A living trust, also referred to as a revocable trust, holds your assets until your death. Upon your passing, the assets in the trust are then transferred to your chosen beneficiaries. Unlike a will, a living trust does not have to go through a probate process. This means your heirs may receive their inheritances in weeks instead of months or years.
What Are the Benefits of a Living Trust?
Creating a living trust with the help of an estate lawyer in Phoenix, AZ can have several benefits. Let’s take a closer look at some of them:
Save Money: While an estate lawyer Phoenix, AZ respects may charge more to draft a living trust than to draft a will, it may save more money in the long run. When it is time to distribute your assets, they will not have to go through a probate process, so there are fewer court costs.
More Privacy: If you are a private person, you may prefer a living trust over a will. A will is considered a public record, so anyone may see it after you pass. With a living trust, your estate is distributed in private upon your death.
Trustee Can Jump In: A living trust is set up in a way that your trustee can automatically take things over if you become ill or incapacitated. For example, if you develop an illness and you are not in the right frame of mind to deal with your trust, your trustee can take care of everything for you.
Hiring an Estate Planning Lawyer
If you are planning on creating a living trust, an estate lawyer Phoenix, AZ relies on can help you in a number of different ways. Here are some of the things an estate lawyer may do for you:
- Reduce estate taxes
- Plan for incapacity
- Make a plan for what will happen to your estate upon your death
- Set up trusts for family members
- Manage ongoing trusts
All estate lawyers are different and may not have the same type of experience. Some might have more experience creating wills while others are more experienced with trusts. It may be in your best interest to work with a Phoenix estate lawyer who has specific experience with creating trusts. An estate lawyer Phoenix, AZ depends on with experience with living trusts should be thorough with the process and should create an error-free trust that considers your estate’s needs. At Kamper Estrada, LLP, our dedicated lawyers have many years of experience with living trusts. We work hard to make sure our clients are satisfied.
If you are looking for an estate lawyer Phoenix, AZ offers, contact At Kamper Estrada, LLP at 602-730-7988.