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

trusts Archives

Sun City firm helping Arizonans effectively utilize trusts

One of the greatest benefits of estate planning is the fact that it is a custom-tailored process that can be modified to suit your needs. Although many find great relief in the number of options available to them, others find the matter completely overwhelming. They don't know where to start when it comes to estate planning, and their fear of making a mistake paralyzes them into inaction. While the stress and fear of what may appear to be an enormous undertaking is understandable, the truth of the matter is that estate planning doesn't have to be difficult.

Retitling assets to fit your estate planning needs

Figuring out how to leave assets to loved ones can be more challenging than expected. You might start out wanting to evenly divide your estate, then find yourself considering the type of relationship you have with each identified beneficiary and heir. This can be a difficult process to work through, but estate planning carries the flexibility needed to ensure that one's true wishes can be achieved.

Consider trusts to control asset division among adult children

Most estate plans leave assets to spouses and the testator's children. When multiple children are involved, a significant number of estate planners choose to distribute their assets equally amongst them. This isn't a requirement, of course, and many individuals feel justified in creating an estate plan that unevenly leaves assets to their children.

How to utilize a trust when dealing with blended family issues

Blended families are common across Arizona. Within these families, children from previous relationships are brought into the familial fold, sometimes with open arms and sometimes with conflict. Regardless of the relationship that forms between these individuals, matters can be complicated, especially as it relates to estate planning. Those who take a basic approach to this process can find that the distribution of their assets can be complicated, which may lead to an outcome that was never intended in the first place. In other words, without competent estate planning, those who are part of a blended family may lose control over their estate and its distribution once they pass away.

The marital trust can be crucial part of an estate plan

Most people who engage in estate planning simply want to make sure that their loved ones are financially cared for after their passing. There are many ways to do this, of course, which is why individuals who find themselves in the midst of this process should carefully and thoroughly consider which options further their interests and the interests of their loved ones the most.

When do trusts no longer function?

The creation of a trust can have a profound impact on its identified beneficiaries. If handled correctly, these estate planning tools can provide financial resources for years to come. The assets contained within those trusts can provide money needed for a beneficiary's education, a beloved pet's care, to further a charitable purpose, or provide a beneficiary with some extra cash to spend on whatever he or she desires. Trusts don't last forever, though, which is why this week we'll briefly look at how trusts can end and what happens when they do.

Transfer on death accounts may play important role

Many Arizonans share accounts with a spouse or other loved one. While these accounts can become subject to legal proceedings like divorce, they can also play a pivotal role in estate planning. Generally speaking, a jointly-held account will transfer to the other owner upon one owner's death. But what happens when that second owner passes away? Without an estate planning document to dictate that, the assets in that account may be subjected to the probate process. This can be costly, time-consuming, and leave assets vulnerable to claim by those who the deceased may not have wanted to be involved.

Fashion icon may have created pet trust for beloved cat's benefit

Pets can become an integral part of our families. Millions of Americans treat these animals like their own children, pampering them and providing them with the utmost care. While humans have a longer life expectancy than most pets, oftentimes owners pass away before their beloved pets. So, in these circumstances, who is left to care for the deceased individual's animal?

Estate planning is important for everyone

Estate planning is often seen as a way to dictate how assets will be distributed to one's family upon death. This can sometimes be a pretty straightforward process, especially when assets are to be divided amongst a spouse and children. Since this is the prevailing view of those who think about estate planning, many individuals without spouse and/or children often determine that estate planning won't benefit them. But these individuals are wrong.

Placing a home in a revocable or irrevocable trust

There are many issues to consider when estate planning. This is especially true to those who have a significant number of assets. For these individuals, merely identifying and valuing all those assets can be a headache. Of course, not everyone has vast amounts of wealth to leave to loved ones, but even those of modest means can benefit from estate planning.

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.

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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