Trust Preparation

Along with will creation, trusts are another method you can use to disperse assets to heirs after you’re gone. While not every person needs to include a trust in their estate plan, this tool offers numerous benefits to many people when it comes to estate planning.

Here at Walk-In Wills, our attorneys have provided trusted guidance to clients since 2003. While we offer a wide range of estate planning services to people throughout Chandler, AZ, we can also help you decide whether a trust makes sense for your estate plan.

How to Create a Trust

There are quite a few steps involved in creating a trust, including:

Selecting Assets – Trusts must be funded with your assets, which include property, vehicles, life insurance policies, cash, and financial accounts, among many others.

Naming Beneficiaries – These are the individuals who will receive assets placed into your trust. Beneficiaries can be family members, friends, or even charitable organizations.

Establishing Rules – You can create rules for how assets in the trust are dispersed. For instance, you can insist that an heir reaches a certain age or milestone before receiving their inheritance.

Choosing a Trustee – This is the person who will manage the trust and disperse assets. Being a trustee comes with a lot of responsibility, so it’s important to choose wisely.

Types of Trusts to Consider

Trusts can be revocable or irrevocable. A revocable trust can be changed during your lifetime, while an irrevocable trust cannot. However, irrevocable trusts offer benefits in the form of tax and creditor protection. There are also other types of trusts to choose from, such as:

Special needs trusts
Living trusts
Charitable trusts
Spendthrift trusts

Frequently Asked Questions

1. What does “trust preparation” involve, and how does Walk‑In Wills assist with it?

Trust preparation means putting together all the legal documents and details needed to create a trust that works the way you want. At Walk‑In Wills, our attorneys review your assets and goals with you, draft the trust carefully, and walk you through signing and funding so everything is done properly under Arizona law.

2. Why is it important to work with a professional when preparing a trust?

Trusts must be written and funded correctly to be valid. Mistakes can cause delays, extra costs, or confusion for your family later. Walk‑In Wills helps make sure your trust is legally solid and reflects your wishes, giving you peace of mind that it will function as intended.

3. What should I expect during the trust preparation process at Walk‑In Wills?

You’ll start with a discussion about your financial situation and what you want your trust to accomplish. Then our attorneys draft the trust, explain the details, and help you complete the steps to fund it. We stay available to answer questions throughout so you’re confident every part of your plan is in place.

How to Determine Whether a Trust Is Right for You

Trusts make sense for a lot of people, including those with minor children in their care, business owners, and people who want to exert greater control over how their assets are distributed.

Our team at Walk-In Wills can help you determine which estate planning tools are best for your needs. From there, we’ll walk you through the process of establishing a trust and implementing rules for asset distribution.