Living Trust Services In Mesa Az

Mesa Arizona Living Trust Consultation

What Is A Living Trust?

A living trust is a legal document that designates a trustee to manage assets for the beneficiary while the grantor is still alive. Trustees with fiduciary duty manage trusts according to the beneficiary's best interests. Living trusts can be either irrevocable or revocable. Check the most frequently asked questions about living trust in Arizona below.

There are two basic types of living trusts: revocable and irrevocable. Both allow you to assign your assets to specific heirs or organizations. When you die, the assets will go to them as instructed. In this way, living trusts are similar to wills, however, the property going through probate court (which can be expensive and time-consuming) will be given to the trustee you assign who will designate the assets according to your wishes. A living trust can be solved in just a few weeks, contrary to a will which can take months or even years to conclude.

A qualified estate planning attorney can evaluate your situation, determine whether or not you should have a trust, and help you set one up.

We will look at your situation, determine whether or not you should have a trust, and help you set one up. Call Compton Law today and let us help provide some peace of mind for you and your loved ones once you are gone.

Practice Areas

We Specialize In Estate Planning Law Matters.

Estate Planning

Estate Planning allows you to decide exactly who will benefit from your estate.

Probate

Probate in the state of Arizona can become lengthy and time-consuming.

Wills

A representative that you delegate to control and manage the estate.

Living Trust

Will help your family avoid probate and save time and money after your death.

Children Protection Trust

Protect the rights of your kids in case of divorce, neglect, abuse, etc.

Small Business Formation

Helps you to navigated through many forms, legal documents for your business.

Medicaid Protection Trust

Legal strategies to help you protect your assets in the event of Long-Term Care.

Power Of
Attorney

A document to assign an individual to have the right to handle financial affairs.