Trusts are one of the most powerful Estate Planning tools one can use. They determine how assets are controlled, whether they're protected from creditors in the future, and how they're taxed. Claridge Law Group’s trusted Estate Planning Attorney takes the uncertainty and legalese out of theTrusts process by making sure you understand your best options based on your family’s specific circumstances and our extensive experience. Years spent handling Trust Administration and Litigation has given Claridge Law Group a level of expertise rarely found in Arizona’s legal community.
Trusts are agreements or contracts that create ownership structures for your assets.
Whether representing the Trustor, Trustee, or the Beneficiary, Claridge Law Group works diligently with its’ clients to ensure proper distribution of assets without them having to jump through unnecessary hoops or sacrifice their privacy.
There are many forms of Trusts, each with their own set of rules and characteristics. From Revocable Trusts and Irrevocable Trusts, to Living Trusts and Testamentary Trusts, Ryan Claridge and his team of Estate Planning experts will simplify the process to provide clients with peace of mind knowing they’re making the right decisions that will secure their families’ futures.
One of the most common trusts, the Revocable Living Trust, gives you complete control over your assets while you’re alive and how they will be distributed after you pass away. A major benefit of aRevocable Living Trust is avoiding the public distribution on assets. Avoiding Arizona’s needlessly frustrating probate process in one of the main reasons clients choose Claridge Law Group to help them through their Estate Planning journey. They understand that your financial and personal situations change over time, and they’re assiduous in finding resolutions that make the most sense for you and your loved ones.
Other types of Trusts:
Understanding how and why Trusts are used is essential to deciding which Trust is right for you. Claridge Law Group will walk you through the entire process and remain by your side during you and your families’ most trying time.
Most people think of Wills as what you use to decide who gets what when you pass away. While this is partly true, there are many factors one must consider before making the important decisions involved in the will process.
The two main types of will are the Living Will & the Last Will and Testament. Both help secure the future of your family and loved ones and give you peace of mind knowing they’ll appreciate that you’ve put a plan in place to take care of them. Claridge law Group makes the process of creating your will easy and painless, guiding you through all the questions you need answered so you feel protected and prepared in case the unexpected happens.
Claridge Law Group understands how difficult it can be to make decisions that affect the lives of the ones you love. That’s why Living Wills are so important, because they allow your family to focus on what is important and leaves the difficult decisions up to you. Planning sooner than later could help prevent a crisis later, and a Living Will is necessary to address those events for which loved ones will want every decision to be as easy as possible.
The Last Will and Testament, or “Will,” as it’s commonly referred to as, is the document that passes assets and property. It’s also where you designate who will care for your children if and when you pass away. However, most people think that just having a will keeps your estate out of probate. While it is possible to avoid the strenuous probate process in Arizona, it requires vast knowledge of wills, trusts, and probate, as well as experience navigating the complexities of Estate Planning and the associated legal systems.
Wills are an essential part of a comprehensive estate plan. Claridge Law Group will make the process of creating and managing your will as easy as possible so that your loved ones don’t have to worry about making tough decisions, or probate, during some of their most trying times.
Power of Attorney’s
A Power of Attorney is a legal document that gives an individual (usually your spouse, family member, or close friend) the authority to make medical, financial, and end-of-life decisions on your behalf in the case you are no longer able to speak for yourself.
Many people overlook what can happen to their estate if they should become sick or disabled and become incapacitated. Powers of attorney can be very complicated matters and it’s strongly recommended that you hire an experienced power of attorney lawyer to help you through the process. Claridge Law Group works closely with families and individuals who want peace of mind knowing that their wishes will be honored when it’s time to make difficult, yet extremely important decisions that affect your loved ones’ futures. At Claridge Law Group, they help clients make the tough decisions now, while the power to do so is still in their hands.
Powers of attorney and the process of appointing an agent can be a very sensitive subject. It’s of utmost importance that you choose someone you can trust to make decisions in your best interest. In Arizona, there’s a wide range of options when it comes to making a power of attorney. The ability to limit the scope of the document as well as stipulating under what circumstances it will become valid are just a couple different ways you can make sure your needs are met. Claridge Law Group provides the experience and guidance needed to help you find the answers you deserve.
If you’ve recently been granted power of attorney, you probably have some questions. You may be called upon to make tough financial and medical decisions on a loved one’s behalf. If you aren’t sure what do with your newfound legal responsibilities, call Claridge Law Group today for a free phone consultation.
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