Add Required Fields To Legal Arizona Living Trusts Forms For Free

To create a living trust in Arizona you need to create a trust document that lays out all the details of your trust and names the trustee and beneficiaries. You will sign the document in front of a notary. To complete the process, you fund the trust by transferring the ownership of assets to the trust entity.

In Arizona, your trust must abide by the following basic requirements: You must have a Grantor who manifests the intent to create a trust. There must be a Trustee with duties to perform. There must be designated Beneficiaries. The Sole Trustee cannot be the Sole Beneficiary.

An Arizona living trust is a trust created while the owner is alive. After your trust is established, you place certain assets or monies in the trust and then name beneficiaries, just as you would in your will. There are several advantages of a living trust in Arizona.

Before setting up a trust, it's wise to talk to an attorney experienced in Arizona trust matters. While it's possible to forge ahead on your own, an experienced attorney can help you avoid problems. Further, a trust attorney can outline all of your options (i.e., wills vs.

A living trust can cost anywhere from a few hundred dollars to a few thousand dollars, depending on the complexity of the trust and the attorney's fees. In Arizona, the average cost for a living trust is around $1,500. However, this price may vary depending on the location and size of the trust.

Arizona has very specific regulations about Wills. Most attorneys will help you create a will on a flat fee as part of your estate plan. The flat fee to create a Will with an attorney is usually between $950 to $1,500 per person, so services in general will cost more for married couples.