Contact Walk-In Wills today for help with will and trust creation, probate, long-term care planning, and other essential estate planning needs.
While a last will and testament is an essential aspect of the estate planning process, it’s not the only tool you can use to ensure proper handling of your assets. You can also utilize a living trust, which offers benefits to both you and your heirs.
For residents of Mesa and surrounding areas of Arizona, including Apache Junction and Phoenix, Walk-In Wills can help you make important decisions regarding your estate. We can also provide more information regarding living trusts and what they do, so you can enter the process fully aware.
Living trusts are unique in the sense that they can help you while you’re still alive. In the event you’re incapacitated by illness or injury, a living trust safeguards your assets and provides another party, i.e., the trustee, with the authority over your estate. After you die, a living trust can also be a tool to distribute assets to your heirs.
Because it’s a revocable trust, you have control over how your assets are handled once they’ve been placed into the trust. You can do so by naming yourself the trustee, while also naming a successor trustee, who would take over if you’re no longer able to manage your assets on your own.
Living trusts offer many important benefits, including:
Perhaps the biggest benefit of a living trust is that it helps your estate avoid the probate process. The majority of wills go through probate, which proves that the document is valid, ensures creditors are paid, and provides assets to heirs. With a trust, assets pass directly to heirs without the need for probate, which reduces the time and money associated with the process.
Trust creation is complex, and a single mistake can derail your entire estate plan. That’s why we encourage you to reach out to Walk-In Wills today to schedule a no-obligation consultation with our attorneys. From there, we can recommend the best estate planning tools to ensure a successful outcome.
