{"id":1441,"date":"2023-08-21T14:10:09","date_gmt":"2023-08-21T21:10:09","guid":{"rendered":"https:\/\/www.jacksonwhitelaw.com\/probate\/?page_id=1441"},"modified":"2024-05-01T15:16:54","modified_gmt":"2024-05-01T22:16:54","slug":"chandler-trust-administration-attorney","status":"publish","type":"page","link":"https:\/\/www.jacksonwhitelaw.com\/probate\/chandler\/chandler-trust-administration-attorney\/","title":{"rendered":"Chandler Trust Administration Attorney"},"content":{"rendered":"

Reliable Trust Administration Lawyer in Chandler<\/h2>\n

There are many advantages to setting up a trust in Arizona. Trusts do not go through probate, saving families significant time and money. They also allow grantors the ability to transfer assets to beneficiaries without paying costly estate taxes. In addition, trusts are not a matter of public record, meaning the estate remains private.<\/p>\n

While advantageous to grantors and beneficiaries, trusts can be complex and difficult to manage. The trustee plays a key administrative role during the life of the trust and has the fiduciary duty to keep all assets in good condition. If you are a trustee and your loved one recently passed, you may need assistance managing the trust. Reach out to the reputable Chandler probate team at JacksonWhite for trust administration services.<\/p>\n

How Trusts Work in Chandler, AZ<\/h2>\n

In Chandler, a trust can contain any type of asset or property that a person wishes to pass on to a beneficiary or beneficiaries. Real property, retirement accounts, cash, and other assets can all be put into a trust.<\/p>\n

It is the responsibility of the trustee to manage these assets according to the grantor\u2019s wishes. Based on the trust\u2019s instructions, the trustee will need to distribute the assets to the beneficiary at the appointed time, such as the beneficiary\u2019s 21st birthday.<\/p>\n

There are many different types of trusts, such as the following:<\/p>\n