Contact Walk-In Wills today for help with will and trust creation, probate, long-term care planning, and other essential estate planning needs.

Trust Lawyer in Chandler, AZ

Do you currently have a comprehensive estate plan in place? While wills are an essential aspect of estate planning, many people can benefit from trusts when dispersing their assets to heirs. If you’re not sure whether this helpful tool should be part of your strategy, now is the time to contact Walk-In Wills to discuss your needs.

Backed by more than two decades of experience, our skilled and knowledgeable attorneys can assist residents of Chandler, AZ, as well as surrounding communities like Casa Grande, Phoenix, and other locations. Along with our many other estate planning services, we can also help you make smart decisions when it comes to trusts.

What Are Trusts?

Like wills, trusts are an essential estate planning tool that can help you disperse your assets to heirs. There are a few different types of trusts, including:

  • Irrevocable – Irrevocable trusts cannot be changed, but they offer benefits when it comes to taxes and creditors.
  • Revocable – This type of trust can be changed after assets have been transferred over to provide more flexibility with estate planning.
  • Spendthrift – Spendthrift trusts put controls on how heirs receive money to prevent them from misusing their inheritance.
  • Special Needs – These trusts ensure that people with special needs have the funds necessary to care for themselves after their caregivers are gone.

Unlike wills, the assets kept in trusts are not subject to probate, thereby ensuring heirs receive them on a much faster timeline. Also, trusts provide greater control over how heirs receive assets, which is not the case with wills.

Who Needs This Estate Planning Tool?

Not every estate needs a trust, but they can be quite beneficial when:

  • Your estate is highly complex
  • You have children from a previous marriage
  • You care for a child or adult with a disability
  • Your estate will be taxed heavily
  • You’re a business owner
  • You have concerns about giving heirs large sums of money at once

If you’re not completely sure whether a trust is right for you, it’s time to contact a law firm that specializes in estate planning.

How Can a Lawyer Help?

An estate planning attorney will make certain that you take the right steps when creating a trust. After establishing a trust, you must transfer assets to it, which is called “funding.” You must also include a list of heirs and directions on how you want them to receive your assets.

Failure to create or fund a trust correctly can lead to lots of confusion, but Walk-In Wills offers vital support to help you navigate the process with ease.

Schedule a free consultation at our office today by calling (480) 470-7000. You can also contact us to learn more about our firm and what we can do for you.