Living Trust Services In Mesa Az
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.
Simplify Estate Planning: Choose the Right Trustee
This informative video guides you through the process of selecting the right trustee for your estate. Learn about the key responsibilities of a trustee, the qualities to look for, and how to make an informed decision. Whether you're planning for the future or revisiting your current plan, this video offers valuable insights to help you choose a trustworthy and capable individual to manage your estate. Ensure your wishes are honored and your loved ones are cared for. Watch now to make estate planning simple and effective!
How does a living trust work?
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 (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.
Do I need a living trust?
A qualified estate planning attorney can evaluate your situation, determine whether or not you should have a trust, and help you set one up.
How Compton Law can help you?
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 peace of mind for you and your loved ones once you are gone.
Our Practice Areas
We Specialize In Estate Planning Law Matters.
Estate Planning
Tailor a comprehensive estate plan to safeguard your assets and provide for your loved ones.
Probate
Simplify estate settlement with our expert guidance. We handle estate administration efficiently and with care.
Wills
Secure your legacy and protect your loved ones with a carefully drafted Last Will and Testament.
Living Trust
Establish a well-structured living trust to manage and distribute your assets according to your wishes.
Children Protection Trust
Ensure your children's rights and well-being in cases of divorce, neglect, abuse, and more.
Small Business Formation
Start your business confidently with our legal expertise. We'll help you establish a strong foundation for success.
Medicaid Protection
Trust
Protect your assets during long-term care with our Medicaid Protection Trust.
Power Of
Attorney
Designate a trusted individual to act on your behalf with a carefully drafted power of attorney document.
