AZ Estate Planning News

AZ Estate Planning News

Knollmiller and Arenofsky Trust and Estate Planning

Is A Trust Really Necessary?

This question gets asked a lot.

Everyone should have an estate plan, meaning a Will, powers of attorney, and similar. But when should you have a trust? The benefit of revocable trust include a tool to assist us in the event of our incapacity. Instead of going to court to seek a conservatorship, your chosen one can manage your assets and take care of your financial needs acting as your trustee. No court involvement, much easier transition. Upon your passing, you also will avoid probate. Another public, court procedure, entirely avoided with a trust. The administration of your estate is private, easily administered, and can almost always done outside of the lawyers and court system.

%d bloggers like this: