There are varied reasons for setting up a family trust, from protecting assets to preparing an estate for your future passing. However, one common reason for setting up an Arizona family trust is to protect assets during life. This type of account can put your major assets under the control of the trust; this takes away all personal liability associated with such assets. This is good for those individuals with financial issues, such as those related to an outside business for instance, as it ensures that the assets in question cannot be touched.
Family First Capital and Estate Services can provide more information about how an Arizona family trust can be used for this reason. It helps to sit down with a professional well versed in these type of financial and estate planning products, as they can help you choose and set up to the product that is best for your situation. A family trust can be a complicated process in terms of set-up and continued administration. If you are using it to protect your assets, you want to know it’s in good hands, which is precisely what Family First Capital and Estate Services provides.
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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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