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Este archivo contiene el formulario de fideicomiso en vida preparado para su estado.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés.
For your convenience, the complete English version of this form is attached below the Spanish version.
Free preview Fideicomiso Vida Esposa Hijos Menores Adultos
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Interesting Questions
A living revocable trust with an incapacity clause is a legal arrangement that allows you to manage and distribute your assets during your lifetime and ensures continued management if you become mentally incapacitated.
Creating a living revocable trust with an incapacity clause in Arizona offers several benefits. It allows you to maintain control over your assets even if you become incapacitated, prevents the need for a court-appointed guardian, and ensures a smooth transition of your assets upon your passing.
Not at all! With a living revocable trust, you retain full control over your assets during your lifetime. The incapacity clause only comes into effect if you become mentally incapacitated, allowing a designated successor trustee to manage the trust assets on your behalf.
The incapacity clause specifies the conditions that must be met for the successor trustee to take over management of the trust. Typically, it requires a statement from one or more qualified healthcare professionals confirming your mental incapacity.
If you recover from incapacity and regain your mental faculties, you can resume control over your trust assets and act as the trustee again. The successor trustee's role ends once you are deemed mentally capable.
While both a living revocable trust and a will allow you to dictate how your assets should be distributed after your passing, a trust provides additional benefits. Unlike a will, a trust can avoid the probate process, offers privacy, allows for incapacity planning, and provides immediate asset management.
The cost of creating a living revocable trust with an incapacity clause can vary depending on the complexity of your estate and the legal assistance you seek. However, considering its benefits, it can be a worthwhile investment to ensure your assets are protected and managed as per your wishes during incapacity.
Absolutely! With a living revocable trust, you have the flexibility to make changes or even revoke the trust entirely at any point during your lifetime. Simply consult with an estate planning attorney to ensure the changes are properly documented.
When selecting a successor trustee, it's important to choose someone you trust, who is reliable, and capable of managing your affairs. This person can be a family member, friend, or even a professional trustee or trust company.
While having a living revocable trust with an incapacity clause helps manage your trust assets, it's still advisable to have a power of attorney. A power of attorney allows someone to make financial and legal decisions on your behalf outside the scope of the trust, if necessary.
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