Setting up a trust has been a popular estate planning tool, especially if you want to leave properties and assets to your loved ones without the hassle of undergoing the probate process. In a trust, the creator or trustor transfers his property under the care of a trustee, who can be a trust lawyer, in […]
What is Probate? Probate is the process of validating and executing a will. If a will does not exist, an estate will go through probate and be distributed as dictated by state law. The actual probate process as well as distribution guidelines vary by state but here are the basic steps of probate. If a […]
A will is a highly important legal document to any person during his or her lifetime. Arizona law says that if a person dies without a will, or intestate, his property will be distributed in accordance with the law on intestacy. In Arizona, the property will be distributed to the closest relative, from the spouse […]
A living trust keeps probate out of the way. Choosing a Successor Trustee beforehand by creating a trust is a lot easier and less expensive than having to go through the whole probate process. Trust administration is a lot easier and less costly, which smooth things out for the ones you leave behind in the […]