Revocable Living Trust

You worked your entire life for your estate such as your home, savings and other assets. Make sure your hard-earned estate is easily passed along per your wishes. A Revocable Living Trust prepared by Dynasty Legal Documents will be tailored to your specific situation. With the proper care we provide, you can be sure your loved ones can focus on your incredible memory instead of dividing your left-behind possessions.

What is Revocable and Irrevocable?

Revocable and Irrevocable Trust: A revocable trust allows the Grantors and/or Trustees to amend, alter, revoke, or terminate the Trust, or any provision of the Trust, in whole or in part, by an instrument in writing signed by either of them and delivered to the current acting Grantor, Trustee and/or Trustees.

Upon the death of the last Trustee, Grantor and/or Settlor, the Trust shall become irrevocable.
No other party holds the power to revoke the Trust. Upon the death of the last Trustee, Grantor and/or Settlor, the Trust shall become irrevocable.

Benefits

Keep your money where you want it by avoiding probate in Arizona. Cost savings. Avoiding probate can save substantial fess and costs.
Tax Savings - A trust arrangement can reduce estate taxes for a married couple in certain situations. Ask a tax expert for more information.
Incapacity Management - Named Trustees can manage assets for a Grantor's benefit if he or she is incapacitated.
Beneficiary Protection - Setting up a continuing trust arrangement in either a will or a revocable trust can protect beneficiaries who are too young or otherwise unsuitable to receive all of their inheritance outright in a lump sum.
Guardian for Minor Children – Appoint a Guardian of your choosing to take care of your minor children.

Revocable Living Trust (Single) $1,200.00

Revocable Living Trust (Couple) $1,500.00

What is included in your Trust Binder:

Revocable Living Trust
Certificate of Trust
Pour-Over Will
Durable Financial Power of Attorney
Medical Power of Attorney
Mental Power of Attorney
Declaration of Living Will
HIPAA Privacy Authorization
Warranty Deed to put your House into Trust
Separate Writing Pages-Trust and Will
Letters to Institutions
Administration Memorandum
Trust Schedule
Assignment of Chattels
Funding Letter
Instruction for use of Personal Property Memorandum
Letter of Last Instructions

WHAT IS PROBATE?

According to the Maricopa County Superior Court (Formal and Informal Probate) – Probate, whether formal or informal, is the process of winding up the affairs of the person who has died (the decedent), and includes asking the court to appoint a personal representative (sometimes called an “executor”) of the decedent’s estate, and to determine if there is a valid will. Probate is necessary to pass ownership of the decedent’s probate assets to the decedent’s beneficiaries, if the decedent did not have a will. Probate is also necessary to complete the decedent’s financial affairs after his or her death, including ensuring that the decedent’s creditors are paid.

Informal Probate

Informal probate is for those estates where there is an original will, and the will is not being contested, nor are any of the heirs listed in the will being disputed.

Formal Probate

Formal probate is when the requirements of informal probate are not satisfied and a Judge or Commissioner is needed to resolve any disputes.

HOW CAN DYNASTY LEGAL DOCUMENTS HELP?

Dynasty Legal Documents understands legal documents with the owner, Melissa Moy, having over 20 years working in Estate Planning Law. At most law offices, the Paralegal drafts all your documents. Melissa worked as a Paralegal in some of the top law firms in Arizona for many years before opening her own legal document office. She has extensive knowledge in order to prepare your Estate Planning documents with the latest rules to make sure you’re in compliance with the latest laws.