When you get to a certain point in life, it seem as though the estate planning offers start rolling in. Whether they are coming from financial planning companies or law firms, if you have publicly-recorded assets or are of a certain age, these offers seem to fill your mailbox, promising you peace of mind and the lowest price on whatever service you choose. So if you are looking to set up a living trust Phoenix, AZ, how do you know when one of these offers is authentic? After all, if you choose wrong, you could end up swindled out of time and money and still not end up any closer to concrete plans that solidify what you want for your estate upon your passing.
A living trust is a document in which stipulates what you want to happen to your major assets upon your passing. They provide a way in which you can continue to manage these assets while you are still living, and then ensure that upon your passing, they pass on to family or whoever you may have designated to administer your assets. With a living trust Phoenix, AZ, you can ensure that your major assets, including property, don’t have to go through the time-consuming and often costly process of probate.
But when you receive an offer to help you set up a living trust, it can be hard to know whether or not it is a legitimate one. There are so many phony companies and people out there, that making the wrong decision about who to work with can not only prove to be problematic for you, but could be for your loved ones as well. Unscrupulous companies will do everything from giving you phony documents to sign for your trust, which may in the end land your assets in the hands of these crooks to taking your money to help you establish a living trust Phoenix, while doing nothing at all.
The best way to avoid being taken advantage of when setting up a living trust Phoenix, AZ is to arm yourself with knowledge. Ask for references from a company or individual attempting to help you with this task and always research a company through the Better Business Bureau. Avoid sales people that engage in high pressure tactics and make sure any attorney with which you work is licensed and experience in matters of estate planning. Make sure the living trust Phoenix, AZ is funded properly and remember to ask about the Cooling Off Rule, which is where someone selling you a trust product must give you a cancellation form as well as a copy of whatever you signed and give you a chance to change your mind within a few days of signing paperwork.
Additionally, ask if the person selling your living trust Phoenix, AZ is an attorney as some states provide that the sale of this product must be limited to those in the legal profession. The more questions you ask and the more you find out in advance about your trust product, the less likely it is that someone will take advantage of you. It also pays to have others involved in the process, since it is much harder to con an entire family than it is one person. Involve trusted family members and friends in the process of creating a living trust Phoenix, AZ and talk about any offers you receive. With so many people helping you make decisions, you may find that you can spot the unscrupulous individuals much easier and avoid making a big mistake.
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If you are not sure as to what legal document you currently have contact one of our professionals to help you with your estate planning. They will make sure you have all of your grounds covered and have the right legal documents that best suite your wants and needs.
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