This form is an irrevocable trust established to provide funds in order to continue a family tradition of giving birthday presents to members of grantor's immediate family and is to continue after grantor's death. The term heirs as used in this trust are those people who would inherit the estate of a deceased person by statutory law if the deceased died without a will. When a person dies without a will, the heirs to their estate are determined under the rules of descent and distribution. The term heirs-at-law is used to refer to those who would inherit under the state statute of descent and distribution if a decedent dies intestate (without a will), and they may or may not be beneficiaries under a will.
Phoenix Arizona Trust provides a comprehensive solution for the purchase of birthday presents for members of the Granter's family even after the Granter's passing. As a trusted financial institution, our goal is to ensure that the Granter's family members continue to receive thoughtful gifts on their special day, while honoring the Granter's wishes. The Phoenix Arizona Trust offers multiple types of trusts tailored to suit the unique needs and preferences of each Granter. These may include: 1. Revocable Living Trust: This type of trust allows the Granter to maintain control over their assets and make changes as needed during their lifetime. The trust can specify funds to be set aside for the purchase of birthday presents for family members, ensuring it continues after the Granter's passing. 2. Irrevocable Trust: Unlike the revocable living trust, an irrevocable trust cannot be modified or revoked by the Granter. By establishing an irrevocable trust, the Granter can provide a secure and lasting source of funds for birthday presents, ensuring their family members are celebrated for years to come. 3. Testamentary Trust: Created through a last will and testament, this trust goes into effect upon the Granter's death. By setting up a testamentary trust, the Granter can allocate funds specifically for the purchase of birthday presents, ensuring their family members continue to feel cherished. At Phoenix Arizona Trust, we understand the importance of maintaining traditions, love, and care even when the Granter is no longer present. Our dedicated team of trust experts will work closely with the Granter to create a personalized plan that aligns with their desires for providing funds for birthday presents for their family members. By choosing Phoenix Arizona Trust, the Granter can have peace of mind knowing that their legacy of love and celebration will continue long after they are gone. Trust in us to provide the financial support necessary to make each birthday special for the Granter's beloved family members.
