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

Grantor of Trust in Mesa, AZ

Along with wills, trusts are an essential aspect of the estate planning process. There are three major roles involved in trust creation, including:

  • Grantor – The person responsible for creating the trust
  • Trustee – The person who manages the trust (can be the grantor in some cases)
  • Beneficiaries/Grantees – The people who will inherit the assets within the trust

When it comes to trust creation in Mesa, AZ, you can rely on our team of attorneys at Walk-In Wills. Along with helping clients make decisions that are in their best interest, we can also provide information on estate planning tools like trusts and how they work.

Types of Trusts

Trusts come in many forms and serve many distinct functions. A few common types of trusts include:

  • Revocable and irrevocable trusts
  • Spendthrift trusts
  • Special needs trusts
  • Charitable trusts
  • Living trusts

Each option offers its own unique set of benefits. For example, a revocable trust can be changed during your lifetime for more control over assets placed within the trust. On the other hand, an irrevocable trust cannot be easily changed, but it does offer benefits when it comes to tax and creditor protection.

How to Determine Whether a Trust Is Right for You

Not everyone needs to include a trust in their estate plans. However, trusts make sense if you’d like to accomplish any of the following:

  • You want more control over how your assets are distributed to heirs
  • You want the details of your estate to remain private
  • You don’t want assets to go through the probate process
  • You want to protect heirs from creditors or minimize the impact of taxes

If you’re still not sure whether trust creation is right for you, an attorney can answer your questions and provide the proper guidance.

Steps to Take to Create a Trust

If you believe a trust can benefit your estate – and your heirs – now is the time to call our attorneys at Walk-In Wills. With more than two decades of experience behind us, we can address even complex estate issues. We can also help with will creation, Medicaid planning, and so much more.

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.