Moore Law Firm

Moore Law Firm

9949 W. Bell Road
Suite 201
Sun City, AZ 85351
Contact Us For A Courtesy Consultation
623-207-9153

What is a living trust?

One of the great things about estate planning is that it is a customizable process. Depending on your needs and the way in which you want your assets distributed upon your death, you can tailor your estate plan accordingly. While this is a relief to many, it can also seem overwhelming to others as they may quickly become confused about the options available to them, or they may simply become too complacent to modify an estate plan to mirror their current situation. This can be problematic, which is why we strive to educate our readers about the many estate planning vehicles that they may utilize to further their and their estate's best interests.

One estate planning tool that is utilized by many Arizonans is the living trust. Generally speaking, a grantor opens a trust and places assets into it. That trust is then administered by a trustee who manages the assets for the benefit of a named individual, the beneficiary. A living trust is a trust that is created during the lifetime of the grantor. One benefit to this type of trust is that it can be revocable, meaning that if at any time the grantor becomes unhappy with the trust or finds it unnecessary, then he or she can simply cancel the trust altogether.

One of the biggest benefits of a revocable living trust is that it allows an estate to avoid probate. Probate is the process through which property is transferred after a person passes away. The process can take months and be extremely costly. However, since a living trust names a beneficiary, there is no need for the assets in that trust to go through probate. Another benefit is that these trusts are relatively easy to create and manage.

With that being said, these legal documents need to be drafted with care and attention to detail. Failing to do so could result in serious legal headaches down the road. To learn more about living trusts, as well as other estate planning tools that may be useful to you as you navigate this process, please consider speaking to a legal professional who can help advise and guide you with competence.

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Client Testimonials

I got the family trust updated.
I was very pleased with the expertise and professionalism exhibited by your staff in serving my needs.

I needed to review my Will, recommended by my son.
Mr. Farrer’s expertise helped me realize that a Trust would better serve my needs.
The staff and Mr. Farrer were very professional and friendly (not cold). Thank you. Very comfortable atmosphere.

Our legal documents were outdated due to time and circumstances.
The staff at Moore Law Firm worked with us to develop a trust and other legal documents which meet our current as well as our future needs.
The staff at moore law firm were so professional, knowledgable and friendly to work with. They worked beyond to accomodate our needs. Thank you all.

Moore Law Firm
9949 W. Bell Road
Suite 201
Sun City, AZ 85351

Phone: 623-207-9153
Phone: 623-207-9153
Fax: 623-977-7237
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B.Moore Law Firm