Phoenix Living Trust Lawyer
As individuals and families work to establish a solid estate plan to ensure their assets are passed on according to their wishes, it is important for everyone to understand that you may not be ready to hand over control of your assets just yet. At Yen Pilch Robaina & Kresin PLC, we know that this is where living trusts become important.
A living trust is meant to be created and implemented while you are alive, as opposed to a testamentary trust that takes over at the time of death. Our Phoenix living trust attorneys are ready to get to work establishing the best plan that fits your needs right now.
For experienced guidance, speak with qualified Phoenix trust attorneys at Yen Pilch Robaina & Kresin during a consultation. Contact us online or dial (602) 833-0220 to request an appointment.
Understanding the Need for a Living Trust
There are two basic types of living trusts that we will mention here. We invite you to contact us for a more in-depth conversation about your goals and needs.
A REVOCABLE LIVING TRUST
A revocable living trust can be established with the purpose of transferring and titling your assets into a trust while you are still alive. It is important to understand that you will retain control over your assets inside of a revocable living trust during your lifetime. You will be able to modify or revoke the trust at any time.
After you pass away, the assets inside of a revocable living trust will be passed directly to your beneficiaries or held in trust on their behalf. This will help avoid the Phoenix probate process after you pass.
AN IRREVOCABLE LIVING TRUST
An irrevocable living trust is established by those who wish to permanently pass on some or all of their assets during their lifetime. As the name suggests, this type of trust is irrevocable. This means you will not be able to revoke it during your lifetime. After you give away the assets in an irrevocable trust, you will be relinquishing the control you have over these assets.
The assets in an irrevocable trust will no longer be considered part of your estate, thus not subjected to estate taxes. These trusts can provide various protections for assets, particularly from creditors.
Common Misconceptions About Living Trusts
When considering a living trust, it's important to address the various misconceptions that can cloud your understanding. Many individuals may hesitate to create a living trust due to misunderstandings about its purpose and benefits. Here, we clarify some of the most common myths:
- Myth 1: Living trusts are only for the wealthy.
- Myth 2: A living trust eliminates the need for a will.
- Myth 3: Living trusts are too complicated to set up.
- Myth 4: Once a living trust is created, it can't be changed.
By debunking these myths, we hope to empower you with the knowledge needed to make informed decisions about your estate planning. Our team is ready to assist you in navigating the complexities of living trusts, ensuring that your wishes are honored and your loved ones are protected.
Call a Phoenix Living Trust Lawyer Today. When you need a Phoenix trust attorneys, you can contact us or call (602) 833-0220 for a FREE consultation.
Why Turn to Yen Pilch Robaina & Kresin PLC for Help?
- At Yen Pilch Robaina & Kresin PLC, our Phoenix estate planning attorneys have a deep understanding of estate law planning in Arizona, and we take the time to get to know every client’s goals and needs.
- We take a client-centered approach to every case, which means that our clients will work directly with the attorney handling their estate planning.
- Our Phoenix trust administration lawyers completely understand the importance of ensuring that your assets and legacy are handled with care and compassion.
Client Testimonials
-
This office is a great resource
“As an educator working for a non-union Charter School, I did not not who to turn to when my principal started improper practices with teachers during COVID19. We were shocked he would treated us so poorly during a pandemic.”
-
He is extremely intelligent
“Mr Robaina was a God sent.”
-
I would recommend this firm for any employment cases.
“Very friendly and welcoming folks there. The attorney listened to my situation with great interest, and offered excellent legal advice.”
-
Our case was resolved in a manner favorable
“Ed Robaina and his team represented my company during a very difficult lawsuit against a deep-pocket company represented by one of the largest law firms in the southwest. Robaina's team was very professional, always prepared, and very patient with us.”
-
They are honest and trustworthy
“I have hired Robaina and Kresin on several occasions over the last ten years. Their service has been professional and complete with attention to detail.”
Why Do You Need a Phoenix Living Trust Attorney?
It is incredibly important to work with a skilled Phoenix trust attorneys when establishing a living trust. An attorney will understand how to incorporate your wishes into a bulletproof living trust that meets your current needs and anticipates future changes. Many people think that they can rely on an Internet site that claims to do the work for them when establishing a living trust, but the reality is that an attorney will understand the nuances and challenges of this process.
DON’T WAIT ANOTHER DAY TO GET WHAT YOU DESERVE
-
Caring and CompassionateWe care about our clients as if they were our family, showing them care and compassion throughout the entire process.
-
We Work Hand in Hand with Our ClientsWe work closely with our clients to address their needs and find favorable solutions to their employment-related, personal injury and estate planning issues.
-
Experienced Attorneys Ready to Fight for YouThe experienced Phoenix employment lawyers of Yen Pilch Robaina & Kresin PLC understand what it takes to achieve results for our clients.
-
Trusted for Over 30 YearsOur firm brings a high level of experience to each and every matter, and we have helped clients secure millions of dollars in total settlements and verdicts.