Because of the sheer number of estate planning products available, it is easy for older individuals to fall victim to a scam because they are unclear about what they do and do not need. When it comes to a living trust Phoenix, AZ, this is particularly so because the process of setting up a trust and maintaining it can be confusing. This may also be the case for those that don’t know how a living trust Arizona should work and how it fits in with the rest of their estate planning products, leading them to be more vulnerable to scammers.

In most instances, the best way to protect yourself from falling victim to such a scam when planning for your estate is to arm yourself with knowledge. Knowing how a living trust Phoenix, AZ should function and what to expect when setting up this type of document is the best way to avoid someone taking advantage of your lack of knowledge and scamming you out of time, money, personal information and more. A living trust Arizona is generally created by a person, still living, to title their assets in such a way that allows them to manage them during their lifetime, but then pass on a beneficiary upon their passing. Most people set up this kind of document to avoid the probate process, which can eat up considerable time and money during a time when many loved ones are simply eager to settle the person’s estate. This kind of trust is also suitable for people that are caring for loved ones with special needs, though this is a different kind of living trust.

Those trying to scam people using the trust concept may approach you to “sell” you a trust document and the assistance that comes with filling it out. However, to avoid becoming victim of a scam, the best thing to do when filling out a living trust Phoenix, AZ is to work with a qualified attorney that specializes in these matters. Always be wary of people using high pressure tactics to try to get you to buy any estate planning product, be it a living will or a living trust Arizona. An estate planning profession or elder law lawyer generally won’t engage in such tactics and can better advise you on this process, so that you can avoid being scammed.

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