The Right Title for Your Revocable Trust Assets
Its a new year and its a good time to make sure that your assets are properly titled in your revocable trust. Properly titling assets is how a trust actually works to avoid the cost of probate or delays when needing to use assets during illness or after death.
The title or ownership should
When is Living with a Revocable Trust Good?
One of the fundamentals of the estate planning documents is the Revocable Living Trust. As with any trust, there are three parties:
The Settlor is the creator of the trust who provides the assets. The Settlor is often also called a Trustor or Grantor. The terms can be used interchangeably, but the
What to do with the Children? How about a Trust?
One of the favored uses for a Revocable Living Trust is the proper distribution of assets to children. Any money left to a minor child needed be left in trust to avoid unwanted consequences.
In Arizona, if a minor is left more than $10,000 in a year, a Conservatorship has to be opened. Life
New Trust Updates Needed for the New Arizona Trust Code
The Arizona Trust Code becomes effective on January 1, 2009. There are some exciting new laws that give our judicial officers guidelines for determining trust disputes. However, trust agreements need to be amended so that the new guidelines do not create unintended problems for old
Trust and Estate Administration-What to Do at Death
We are happy to assist with the administration of an estate, whether there is a trust or not. The administration of an estate or a trust requires collecting the assets, making sure bills are paid, taxes are paid and the distributions are made properly. As soon as a person dies, his or her Social
Living Up to Your Living Trust
With the changes in the value of our investment, more now than ever it is important to have the most cost-effective method of having the right person handle your assets if you become ill or if you die. Revocable Living Trusts are very useful for assuring access to assets due to illness or death. However, for a Trust