Contact Walk-In Wills today for help with will and trust creation, probate, long-term care planning, and other essential estate planning needs.
When it comes to estate planning, irrevocable trusts are one of many tools you can use to protect your assets and your loved ones, and Walk-In Wills can help you make decisions that align with your best interests.
Our skilled and compassionate attorneys have provided guidance to estate planners since 2003. As a result, we have experience with a variety of clients, from simple estates to more complex situations involving higher values and a greater volume of assets.
The creation of an irrevocable trust involves three individuals: grantors, trustees, and beneficiaries. The grantor is the person who created the trust, while the trustee is the person who manages it. The beneficiaries are the people who will receive assets from the trust according to the wishes of the grantor.
Once assets are placed into a trust, the grantor no longer has possession of them, as they’re owned by the trust. As a result, the grantor can’t make changes to an irrevocable trust after assets have been placed in it. This provides a key benefit since assets in the trust cannot be accessed by creditors and aren’t subject to tax, which offers protection to the estate as well as the beneficiaries.
Not everyone needs to include an irrevocable trust in their estate plan. However, the tool is especially beneficial to people who:
If you’re not sure whether this estate planning tool makes sense for your situation, our attorneys can walk you through the process and help you make the right decision.
Trust creation is often complex, and there’s simply too much at stake to handle the task on your own. Here at Walk-In Wills, we understand that estate planning can be a little intimidating. That’s why we offer our services in a calm, supportive environment. We also ensure that our services remain affordable, which allows us to help clients throughout Mesa, AZ and surrounding areas like Fountain Hills and Peoria.
