Living Trust Forms Arizona

Arizona has a simplified probate process for small estates under 75 000 for estates with no real property under 100 000 for estates with real property less any liens or encumbrances.

Living trust forms arizona.

The arizona living trust is a document that allows a person to place personal property and or real estate in a holding the enables the beneficiary ies to bypass the probate process after the trust creator s death. An arizona living trust can avoid probate entirely and offers other estate planning benefits. First the notary will observe you sign and date the documents. Unlike a will the contents of a living trust don t have to be distributed in probate and are not made public record.

Assets are transferred into the trust belong to the trust and are managed by the trustee. Our free arizona living trust forms are very popular estate planning tools that can be utilized to avoid probate and court supervision of your assets. This trust is administered by a trustee who is obligated to take care of the property with the best interests of those who are designated to receive the property in mind. To create a living trust the owners of the trust also called the grantors or settlors make a living trust document and transfer real property or other assets to the trust.

The arizona revocable living trust is a document created by an individual who wishes to protect their assets and leave instructions for an appointed trustee to distribute assets to beneficiaries when they die. Download the arizona irrevocable living trust form which allows you as the grantor to transfer your property into a new entity called an irrevocable trust. In most states you will need to take two forms of identification and your living trust documents. An arizona living trust form is a legal document that is drafted to transfer a person s assets on to their named beneficiaries upon death.

Remember for your free living trust forms to be valid it must be signed and notarized in the presence of a notary public. Arizona uses the uniform probate code which simplifies the probate process so making a living trust may be more trouble than it saves. The creator or grantor may still reap the benefits of the assets held within the trust during their lifetime and in the case of a revocable trust they can designate. You as the grantor can decide which assets you want the trust to own and how you want the assets distributed by the trustee.

A living trust can help your estate avoid the frustrations and cost of probate. If you are wed and mulling over creating a trust for estate preparation goals one of the very first things you will really need to choose is whether to set up a joint living trust or separate trusts. Find out more about living trusts and how they can help you. Free living trust forms must be notarized.