Arizona Living Trust Attorney

Have you created a will and wonder if there is anything you can do to prevent your estate from going to probate court after you pass away? If so, then a living trust might be something to consider. Although this page is meant to help with some of your decisions, an Arizona living trust attorney should eventually be consulted.

In Arizona, if your assets are less than $50,000, a will is generally sufficient. In this situation, the assets can be passed to your heirs without probate. However, if your assets are more than this, probate can be a long and costly process.

A living trust, created correctly, will avoid probate court and provide a measure of protection against various estate taxes. If your estate is worth more than one million dollars, an estate tax can be levied on your heirs. A living trust should eliminate the tax. If you have an estate of this value we strongly recommend Consulting an Estate Lawyer?

If you own property in more than one state, it can be consolidated in a living trust so that you will not have to go to probate court in each state. These are some of the advantages of a correctly written living trust.

Regardless of the creation of a living trust or not, you still need a will. A living trust cannot be the guardian of children or pets. Those issues need to be dealt with in a will. Additionally, a will governs the division of any property that is not included in the living trust.

Generally, seeking the services of a professional is the best way to create a living trust. They can advise you on what to include, and what not to include. The living trust, if created by a professional, will also be written correctly. This will prevent the living trust from being declared invalid and the property going to probate court.

However, if you are determined to create it your self, be sure to visit a website, such as Legalzoom.com, for help creating your living trust. Also, make sure you visit NOLA and check out all of their living trust writing tools.

There is no substitute for hiring a professional to create your living trust. This could prevent costly errors for your heirs. Regardless of whether you live in Phoenix, Tucson or Flagstaff the state laws are the same. An Arizona living trust attorney should be consulted with all of your trust questions. If you do not already have an attorney, try Legal Match.

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