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If you have a blended family, you need a Will and/or Trust.

Bought your home with your spouse before 1980? Be sure you can sell or transfer your house with no red tape before your spouse passes.

The Difference

What a Paralegal Can Do For You

A major question that we may all have to consider sooner than later is whether our loved ones need a guardianship and/or conservatorship. As our parents, aunts, uncles, etc. age and/or we have children who are either mentally or physically disabled, we have to choose whether we want to become responsible for their care and finances or sadly, our loved ones become wards of the State.

As the population ages, the question is whether you need a will or a trust. If you think you are going to avoid taxes by having either a will or a trust, neither will help you on that. The best reason to create a trust is to avoid probate. Probate in Arizona usually takes at least one year, even if it is not contested. Plus, it is expensive.

As you may be aware, a will distributes your assets upon your death and a trust distributes your assets while you are living and upon your death (thus called “a living trust”). A will does not avoid probate but a trust can, if the assets are transferred into the trust before your death.