Living Trusts Document Preparation

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 Trust prepared by Dynasty Legal Documents will be tailored to your specific situation and 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 a Living Trust?

Living Trust Definition: According to the State Bar of Arizona, a living trust, or revocable trust, is an estate-planning arrangement under which a trustee (which can be one or more individuals and/or a bank) takes title to the assets of the original owner (the “settlor”). In most cases, the settlor is also the initial trustee. The terms of the document designate who will take over as trustee when the initial trustee is no longer willing and able to act. The settlor is often the only beneficiary during his/her life.

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 lawyer for more information.
Incapacity Management - Named trustees can manage assets for a settlor'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.