Revocable Living Trust Estate Plan
This is the essential plan for families who want to name a guardian for minor children, avoid probate and create a custom distribution plan for heirs. Neal Law Firm’s trust-based estate plan package includes:
Consultation with an Arizona estate planning attorney to discuss your individual needs and design your estate plan;
A custom Revocable Living Trust which:
Contains an asset distribution plan with customized provisions reflecting long term values and desires;
Names a successor trustee to manage your trust assets in the event you become incapacitated or after passing;
May provide some creditor protection from a beneficiary’s creditors, ex-spouses and other predators as long as the asset remains in the Trust;
May enable the assets of the first spouse to die to become creditor protected;
Ensures that the assets of the first spouse to die are distributed to the person(s) of his or her choosing – regardless of their spouse remarrying;
Ensures that assets are distributed appropriately in blended families – regardless of which spouse passes first;
May contain planning for special needs beneficiaries;
May provide maximum asset protection by disposing of assets over the life of the beneficiary; and
Remains private and avoids probate if properly funded.
A Last Will & Testament called a “Pour-Over Will“, meaning that any assets not held in Trust at your death will be “poured-over” into your Trust. This Pour-Over Will also accomplishes the other essential functions of a Will like naming a guardian for minor children and choosing a personal representative;
A Personal Property Memorandum which allows you to dispose of sentimental items to the people you choose;
A Durable Power of Attorney in which you name someone to handle your finances, business and other assets in the event of your incapacity;
Health Care Directives including a Health Care and Mental Health Care Power of Attorney, a Living Will and a HIPAA Authorization;
A Certification of Trust containing the important information about your Trust that you can give to the bank or other institutions while keeping your Trust private;
An Assignment of Personal Property to immediately transfer all of your personal property (jewelry, art, china, furniture, etc.) into your Trust;
Detailed Trust Funding Instructions that explain how to transfer the most common types of assets into your Trust;
A hosted estate plan signing conference with two witnesses and a notary, an estate plan portfolio and pdf copies of your signed documents; and
Two years of online document storage, where you can access your estate plan at any time, anywhere in the world.
Complimentary two year review.