Steps for Setting up a Trust in Gilbert, AZ

Trusts are just one of many estate planning tools that provide people with ample peace of mind. They offer numerous benefits, including probate avoidance and the ability to control how assets are dispersed. As a result, it’s important to consider trust creation when evaluating your estate planning options.

Here at Walk-In Wills, we offer clients in Gilbert, Tempe, and Peoria, AZ with reliable estate planning assistance. Along with helping you create a last will and testament, we can also provide information regarding trusts and how they function.

A Guide to Trust Creation

While you should always seek estate planning assistance from an attorney, it also helps to understand the different steps involved in trust creation:

Choose which assets you wish to place in the trust
Name the beneficiaries who will receive your assets
Establish rules for dispersing assets to your beneficiaries
Name a trustee to manage the trust and enforce the rules

Performing these steps correctly is key to a smooth process when it comes to providing heirs with assets held in the trust.

How to Choose a Trustee

One of the most important aspects of trust creation is choosing the trustee. This person will be responsible for all the tasks and duties associated with the trust, which is why you must make a careful selection. When making a decision, consider the following factors:

Is the person responsible in their personal life? Are they well organized?
Do they have the time to devote to the tasks?
Are they financially literate? Do they handle their money well?
Are they willing to take on the role when the time comes?

For extra assurance, some people choose a successor trustee. This person can assume the responsibilities in the event the first selection is unwilling or unable to do so.

Frequently Asked Questions

1. What kinds of trusts does Walk‑In Wills help clients create?

Walk‑In Wills can help you set up several types of trusts based on your goals. Whether you want a trust to avoid probate, protect assets, provide for a loved one, or plan for long‑term care, their attorneys walk you through the options and prepare the trust that fits your family’s needs.

2. What should I expect when working with Walk‑In Wills to set up a trust?

The process starts with a conversation about what you want your trust to accomplish. Then the attorney drafts the legal document, helps you understand how to fund it properly, and answers your questions so you feel confident the trust will work the way you intend under Arizona law.

3. Why is professional help from Walk‑In Wills important when setting up a trust?

Trusts involve legal details that must be handled carefully to make sure they’re valid and effective. Walk‑In Wills ensures your trust is drafted correctly, helps you avoid mistakes that could cause problems later, and explains everything in plain language so you clearly understand your plan.

Contact Us Today for Help with Trust Creation

For more than two decades, Walk-In Wills has proudly assisted clients with a wide range of estate planning topics.
We welcome you to call (480) 470-7000 today to schedule an appointment with an attorney. You can also contact us to learn more before getting started.