Helping Phoenix Individuals And Business Owners Create Wills, Trusts
Regardless of wealth or socioeconomic status, there are legal avenues available that allow individuals to plan for the future and carry out your wishes in the event they become incapacitated or die.
Wills and trusts are two common types of estate plans that are extremely beneficial in many situations.
The Importance Of Creating A Will
A will is a legal document that outlines instructions on certain aspects of your life if you pass away. What you want to happen to your property, the care and maintenance of a pet, or individuals you wish to name as guardians for your children.
Every will is different because everyone’s needs are different. Hiring an experienced attorney to draft a unique will that carries out your wishes can be arranged with our lawyers at Kadish & Associates Law Group.
Benefits Of A Trust
A trust is another type of legal estate planning tool that can be useful when a will is not necessarily the appropriate instrument. It is often used to manage an individual’s money or property. The use of a trust is also beneficial because, in many cases, it avoids the cost and convenience of going through probate.
In basic terms, property is placed in the trust and a person is named as an executor to administer the trust based on the plans of the grantor (the individual who creates the trust).
Types Of Trusts
There are many types of trusts for many types of situations. At Kadish & Associates Law Group, our lawyers often assist with:
- Continuing trusts for beneficiaries with special needs
- Trusts designed to prevent beneficiaries from receiving the entirety of an estate at once
- Living trusts
- Testamentary trusts
- Charitable trusts
- Irrevocable life insurance trusts
- Qualified personal residence trusts
Find Out What Type Of Document Is Best For You
Which estate planning document is best for you will depend on your circumstances and wishes. Reach out to our legal team to schedule an appointment to learn more about the different types and how we can craft an individual plan for you.
Call 480-967-2688 today. We offer flexible appointments.