Top Trust Lawyer Phoenix AZ

Top Trust Lawyer Phoenix AZ

When you’re looking for the top trust lawyer Phoenix AZ clients trust, look no further than Kamper Estrada, LLP. Our legal team has always taken the personal approach when it comes to how we practice law. In fact, we are dedicated to the best interests of our clients.

Each Phoenix top trust lawyer from Kamper Estrada, LLP is part of a multi-generational law firm that has been recognized nationally for providing our clients with the highest level of integrity and skill.

Why Do I Need a Top Trust Lawyer Phoenix AZ Trusts?

When many of us think about wills, trusts, and other estate planning topics, we often think that it is only people who are much older who need to consider those things. But the reality is that you are never too young to meet with a top trust lawyer Phoenix AZ offers. With an established trust, if something should happen to you, your assets and property will go to the people you designate as your heirs.

The Benefits of Forming a Trust

Even if you do not own real estate, you should still consider forming a legally recognized estate plan such as a trust. At Kamper Estrada, LLP, we can help you decide which legal options are best for you. We can help you establish a trust to name who should get what possessions of yours after you pass away. For example, you may have heirlooms or precious collections that you want a certain someone to receive because you know they will treasure them.

You can specify in your trust who will get which possessions of yours. You may also have a collection of digital assets that you want to pass on to the right loved ones. Photographs, downloaded music, videos, etc., are all items that become part of your estate. Just as with other collections or mementos, your will can name the family member or friend you wish to pass those items onto.

Trust Options

Our law firm can also assist you in setting up the trust and filing the necessary paperwork. There are various types of trusts from which you can choose depending on your needs. Some of the more common types of trusts we have assisted clients with include:

  • Revocable living trusts;
  • Irrevocable trusts;
  • Grantor trusts;
  • Retirement trusts;
  • Insurance trusts;
  • Minors’ trusts; and
  • Generation-skipping trusts.

In addition to wills and trusts, our firm can also help parents with young children draw up guardianship papers. It is critical for parents to name a person before they die of who they would want to raise their minor children. If they don’t, the courts may make that decision and it may not be the choice that they would have made for a guardian. We can also assist in drawing up powers of attorney, healthcare directives, and Health Insurance Portability and Accountability Act authorizations.

Let a Top Trust Lawyer Phoenix AZ Residents Depend on Help

If you would like to speak with a top trust lawyer in Phoenix AZ, contact our firm to discuss your all your estate planning needs.

Call a top trust lawyer Phoenix AZ turns to from Kamper Estrada, LLP today to set up your free consultation.

How Is a Pour-Over Will Used in Conjunction with a Living Trust?

A top trust lawyer in Phoenix, Arizona can help you protect your legacy and make sure that your heirs have a clear and legally protected understanding of your final wishes. Regardless of your financial circumstances, you can feel confident that a trust lawyer from Kamper Estrada, LLP will protect your best interests. Whether you have decided to create a will, living trust, or both, we can handle all of the legal details on your behalf. We offer a wide range of estate planning services and can help you choose which are best for your needs. Give us a call today to arrange a visit with a friendly trust planning lawyer who can put you at ease and make the process as painless as possible.

What is a trust?

There are several options for trusts, and each one is intended to serve a different purpose for the trustor (creator of the trust). A top trust lawyer in Phoenix AZ from Kamper Estrada, LLP will be pleased to review them in more detail as you wish. Here are some of the most common choices for Phoenix AZ residents when it comes to trusts:

  1.       A children’s trust created for the trustor’s minor-aged children. Assets transferred into the trust prior to the trustor’s passing make it possible for the trustee (the manager of the trust and who may also be the trustor) to control and manage the assets in their lifetime. After their passing, their designated trustee or secondary trustee will manage the assets until the minor-aged children reach adulthood.
  2.       A bypass trust that will minimize the amount of estate taxes after the trustor’s passing.
  3.       A life insurance trust that will allow that estate to avoid paying taxes on any proceeds it gains from a life insurance payout after the trustor’s passing.
  4.       A charitable trust that will distribute designated assets to a specified charity.
  5.       A living trust that manages and distributes the trustor’s assets in place of a will and thereby avoids taxes and the probate process.

What are inter-vivos and testamentary trusts?

Trusts fall into one of two categories: inter-vivos or testamentary. They are defined as follows:

  •         Inter-vivos: created when the trustor is still living.
  •         Testamentary: created in a will only after the trustor has passed away.

What is a pour-over will?

A pour-over will is most commonly associated with a living trust. A living trust is only applicable to the assets contained within it that were transferred into the trust when the grantor was still alive. Any assets that were not transferred into or included in the living trust can be handled by the pour-over trust. Though it is preferable to include all of one’s assets in the living trust, there may be situations in which this is not possible. For example, if the trustor falls ill unexpectedly or perishes in an accident, any assets that had not yet been transferred will be handled by the pour-over will. Another key purpose for a pour-over will is to designate guardians for the trustor’s minor-aged children since this cannot be done in a living trust.

To learn more about your estate planning options and what will best reflect your needs, contact Kamper Estrada, LLP to schedule an appointment with a top trust lawyer Phoenix AZ clients recommend and learn how we can help your family.