person signing documents on desk

Do you have a trust? Well TRUST me and take a look at the end!

One major misconception in creating a trust is listing assets via a schedule. This could prolong the distribution of assets to your beneficiaries should something unexpected happen to you.

In Arizona, trusts that contain a schedule and are lacking essential funding to transfer the assets into your trust could prove to be more difficult to defend in court – especially in the case that you may have chosen the D.I.Y. route when creating your trust.

It’s not to say that we won’t be successful in getting a court to award the assets to the intended beneficiaries, however, we cannot avoid additional steps and nothing is guaranteed.

Going to court is costly, time-consuming, and not to mention emotionally stressful and can be avoided simply by using a seasoned estate planning attorney!

This includes ensuring:

  • Real property transferred via deed
  • Cash/investments retitled
  • Beneficiaries updated on life insurance and retirement accounts
  • Assets funded to trust by recommendation from EPA

Do you know if your trust includes the necessary documentation and funding? Help your loved ones avoid this painful, costly, and time-consuming process. You set up a trust and named beneficiaries to keep your legacy going strong. One of the best ways you can do that is by having peace of mind that your wishes are being taken care of and that your beneficiaries receive what you intend to leave them with, in a pain-free and timely manner without unexpected fees.

Please don’t wait to find out. If you found this information informative please share it with family and friends and don’t hesitate to reach out to our office.

Schedule with us by emailing [email protected]