This type of trust is called a "self-settled trust" and the person who creates the trust and transfers property to the trust is called the "settlor." The concept that you cannot create a trust to defeat your creditors is codified in Arizona Revised Statutes Section 14-10505(A)1 that states, "During the lifetime of the settlor, the property of a revocable trust is subject to claims of the settlor's creditors." Arizona Revised Statutes Section 14-10505(A)2 states, ". . . with respect to an irrevocable trust, a creditor or assignee of the settlor may reach the maximum amount that can be distributed to or for the settlor's benefit."
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.Mesa Arizona Fideicomiso irrevocable para el beneficio de por vida del fideicomitente que cubre la residencia familiar - Arizona Irrevocable Trust for Lifetime Benefit of Trustor Covering Family Residence
State:
Arizona
City:
Mesa
Control #:
AZ-01700BG
Format:
Word
Instant download
Description
Free preview
How to fill out Mesa Arizona Fideicomiso Irrevocable Para El Beneficio De Por Vida Del Fideicomitente Que Cubre La Residencia Familiar?
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