As living trust lawyers Phoenix, AZ community members turn to with confidence, the attorneys of Kamper Estrada, LLP are here to serve you. Our firm is committed to protecting the rights and best interests of our clients. Call us today at 602-230-1234 to arrange a free consultation with one of our skilled Phoenix living trust lawyers.
The Value of a Living Trust
Living trust lawyers in Phoenix, AZ can explain that the probate process can be frustratingly long for heirs. It can also cost them a large sum of money. Thankfully, probate litigation can be avoided in many cases. One of the most popular methods is to arrange for a living trust with the assistance of living trust lawyers Phoenix, AZ families rely on. At Kamper Estrada, LLP, we have extensive experience setting up living trusts for our clients. With such an arrangement in place, it gives them the peace of mind that their heirs can avoid probate. And, there are additional reasons to consider a living trust.
What to Know About Living Trusts
A living trust often goes into effect while the person is still living. When you create a trust, you will name someone as the trustee to manage it. Many people choose to name themselves as the trustee. This will provide you the legal right to manage and entirely control the assets in your estate. In your lifetime, the living trust is considered a revocable trust because you have the power to dissolve it or make changes as you wish. After your passing, the trust becomes an irrevocable trust. The management of the trust will pass to the person you named to succeed you. They will then transfer the assets to your heirs. Living trust lawyers Phoenix, AZ locals choose from Kamper Estrada, LLP can create a trust that reflects your final wishes.
A living trust can allow your heirs to avoid probate, however, it may not eliminate their tax obligation. This is especially true if the inheritance tax threshold is exceeded which can subject your estate to federal taxes. Living trust lawyers Phoenix, AZ residents recommend from our firm can review the value of your estate and other details to provide a clear understanding of tax obligations and how to maximize your heirs’ inheritance. One of our attorneys will carefully review the details of your estate to make sure that a living trust will be of benefit to you and those who will inherit your assets. If another option is more suitable for your needs, your attorney from our firm will explain how and why this is the case.
We Are Here to Help You
When establishing a living trust, we understand that you may have many questions about the process. We offer a complimentary first time meeting so that we can address your concerns prior to setting up a living trust. Contact Kamper Estrada, LLP today to speak with one of our respected living trust lawyers Phoenix, AZ offers.