Do I need a living trust AND a will in Arizona?

A Revocable Living Trust is a Will substitute … and much more! Unlike a Will, which is subject to Arizona’s Probate Court after you die, a Living Trust is a private agreement that allows your loved ones to administer your estate privately around the kitchen table instead of in a courtroom. Because Living Trusts are not supervised by a probate court, your loved ones can carry out your wishes without the frustration of court costs, mandatory waiting periods, public notices to creditors and frivolous contests from disgruntled heirs.

A Living Trust Avoids Conservatorship During Disability
Have you ever considered who will manage your affairs if you are disabled? Who will sign checks, pay your bills, run your business, etc.? Without planning in advance, your loved ones will likely have to go to court, prove you are incompetent and then ask the court to appoint a conservator to manage your finances; and oftentimes this is true even if you have executed a power of attorney.

There is a better way. When you create a Living Trust, you hand-select a Successor Trustee to act for you not just when you die, but also when you are disabled. Your Successor Trustee will be able to handle trust administration tasks such as accessing your money and other assets for your care almost immediately if you become disabled.

We have over 40 years experience as Estate Planning Attorneys in Phoenix.