Trusts

Tucson Trust Attorney

Helping Clients Get Asset Protection and Make the Most of Their Estate Plans

One of the most important decisions you’ll make will be how you structure your estate plan. There are many ways to handle estate planning and administration, and how you hold your wealth can influence the prosperity you hand to future generations. With a trust in your estate plan, you gain many advantages over those who use a last will and testament.

On the other hand, if you have been designated as the trustee for a loved one’s trust, you have crucial fiduciary services that you must carry out. Failing to uphold your legal duties can result in losses, delays, and even legal action. With our trust law attorney by your side, you can rely on our guidance throughout the trust administration process.

Whether you are preparing your own estate plan or have been charged with the estate administration of a loved one, you can count on our excellent legal services to help you navigate these critical decisions and processes. Call 520-355-1161 immediately to schedule your free consultation with our elder law attorney.

What Is a Trust?

A trust is a unique way of holding property that offers excellent protection and control. When you create a trust, you choose what assets will be held within the trust. After the trust creation is complete, you will no longer be considered the legal owner of the property. In this way, owning a trust can free you from unnecessary taxation and fear of predators or creditors.

Another unique aspect governing trusts is that a trustee manages these entities. In many cases, the trustee is someone you can rely on, such as a family member, close friend, or even your attorney. In the case of living trusts, the grantor may act as trustee until they pass away.

Finally, trusts offer the unique benefit of giving great flexibility in passing on assets to your beneficiaries. With a trust, you can dictate how much money the person will inherit at a time, and the funds can be disbursed slowly over a long period of time. Trusts can also protect loved ones with special needs by not interfering with eligibility for government programs.

For more information about how trusts work and whether a trust is right for your estate plan, please contact our law firm. We’ll listen to your questions and give you easy-to-understand answers. So call today!

What Kinds of Trusts Are Available in a Tucson Estate Plan?

There are nearly as many ways to set up a trust as we have clients. However, some trusts, in particular, are popular because of their advantages.

Some examples of types of trusts that are available in Arizona include:

  • Revocable trusts – Revocable trusts may be altered during your lifetime. One example of revocable trusts is living trusts, where the trust creator can also act as a trustee
  • Irrevocable trusts – Irrevocable trusts offer excellent asset protection. However, these trusts are extremely difficult to repeal or alter once created. Please get in touch with a knowledgeable trust lawyer before creating an irrevocable trust
  • Special needs trusts – Special needs trusts provide security for a loved one with special needs even after you’ve died. When created correctly, these trusts should not impact the person’s eligibility for government benefits
  • Charitable trusts – A charitable trust provides tax benefits and allows you to leave a portion of your estate to your preferred charitable organization

Depending on your unique situation, you may want the benefits of a certain kind of trust. Our legal team will assess your situation and recommend the right kind of trust for you.

What Is the Role of a Trustee?

The trustee plays a crucial role when executing a trust. This individual will perform essential duties such as inventorying the estate, notifying beneficiaries, and distributing funds. If you have been named as the trustee of a trust, you should get immediate legal counsel from an elder law attorney like Doug Newborn. At our law firm, we can help with various estate administration processes, including trust execution.

If your loved one died and you are concerned about how a trustee is carrying out their duties, we can help you. We have extensive litigation experience, including resolving matters through mediation. We’ll work tirelessly to find a solution as quickly and with as little expense as possible. Call Doug Newborn Law Firm, PLLC, to learn how we can help with trust disputes and execution.

How Can a Trust Attorney Help with My Estate Planning Needs?

Preparing for the future can be one of your most benevolent acts. When you create a valid estate plan, you’ll be protecting your family’s privacy, minimizing their tax burden, and doing everything possible to avoid disputes. When you contact our law firm, our legal professionals will help you craft the perfect estate planning documents to leave a legacy of wealth and goodness.

Some benefits you’ll enjoy when you hire our knowledgeable legal team include:

  • Peace of mind knowing that your children and grandchildren will be provided for
  • Documents that answer your loved ones’ questions regarding your medical care in case of illness or incapacity
  • Answers to your questions based on knowledge gained in over a decade of legal practice
  • A dedicated attorney who will fight for you should disputes arise
  • Guidance through the probate process if a loved one passes away
  • Personalized advice based on your unique circumstances

Please don’t wait any longer to take the simple steps necessary to prepare for the future. Contact our compassionate, caring legal team for advice based on over a decade of experience. We’ll listen carefully to your questions and give you the counsel and representation you need to create your own estate plan or administer the estate of your loved one.

Should You Hire Our Tucson Trust Attorney?

Choosing the right attorney can make all the difference in your ability to protect your wealth during your life and after your death. With our trust attorney by your side, you can rest assured that you’ll have personalized advice based on many years of experience.

Attorney Doug Newborn uses the honed legal skills and determination he gained as a U.S. Navy and Air Force veteran. Our team will leverage that skill and dedication as we craft the right estate plan for you. Call 520-355-1161 today to learn more!