Category: Trusts
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Can a Beneficiary Be a Trustee in Arizona?
Introduction It’s no secret that estate planning can be complex. Whether you’re creating your own trust or serving as a trustee for someone else,
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Can You Transfer Assets Out Of An Irrevocable Trust?
Introduction There are many types of trusts, but the two most common are revocable and irrevocable. A revocable trust, sometimes referred to as a
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What Expenses Can Be Paid From A Special Needs Trust?
Special Needs Trusts are valuable tools used to assist individuals with special needs to pay for everyday expenses that are not covered by any
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How Does A Living Trust Checking Account Work In Arizona?
Introduction One of the most commonly used and most important documents in estate planning is a last will and testament that itemizes all of
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Understanding the Difference Between a Trustee and an Executor
Introduction If you die without a will, Arizona state law will determine who inherits your money and belongings, and it might not be according
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Does a Living Trust Have to File a Tax Return in Arizona?
Introduction It’s natural for people to want to protect their loved ones after they’re gone. A way of safeguarding the future, trusts allow individuals
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Can a Trustee Withdraw Money From a Trust?
Introduction Trusts aren’t just employed by the wealthy. On the contrary, individuals from a wide range of backgrounds and income levels set up trusts
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What Is the Downside of an Irrevocable Trust?
Introduction Trusts are commonly used to determine how a person’s assets should be managed and distributed before and after death. Revocable trusts are created
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How Long Does a Trustee Have to Distribute to Beneficiaries?
Introduction Handling assets in a trust is a major commitment that involves the management of assets until beneficiaries reach legal age. Trustees have a
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