A family trust is a way to gain piece of mind for the future so you know that your family is taken care of in case something happens to you. Think about all of the hard work you have put in over the years. A wise man once said “everything that has life will eventually not have life.”  Since we cannot breathe the breath of life forever, it is extremely important to think about an Arizona Family Trust. When this time comes there is no way to preserve your assets unless you have some type of trust fund set for the people you love and care for the most.

Arizona Family Trust

We all have families or significant others who we have worked so hard for, and since you can’t enjoy your assets when you past you may as well past them on to your close family or friends who deserve them. Arizona Family Trust ensures that your assets go exactly where you want them to go. You can write specific written instructions that state how you want your assets to be distributed and to whom they are to go to. If you only have a single beneficiary, your assets can be passed on by creating a single trust deed.

The way a family trust is legitimized is by the grantor creating documents with instructions on how and to whom they was there assets to be granted to; which is also called beneficiaries. This document has to be signed and notarized and once this step is complete, the assets listed goes into a trust account. The trust account is held by a third party who will manage and distribute the assets once the grantor passes away. The most common types of items that are granted through a trust fund are real property, personal property, tangible and intangible items.

Arizona Family Trust allows you to keep your assets in order. Even while you are still alive you have the ability to add and subtract items or people to and from the deed as well as have it transferred over to another party. The most important aspect of having a family trust is that the grantors wishes are satisfied and the family or beneficiaries are taken care of by receiving the assets written in the deed.

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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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