An important reason to create a trust is to cause your assets to pass automatically on your death to your heirs named in the trust without needing an expensive, public, and time-consuming Superior Court probate. For an asset to avoid probate, you must do the following before you die:
- You must transfer the ownership of the asset to your trust or
- You must give the institution (bank or investment company) that holds the asset a document signed by you that states the asset/account passes automatically on your death to your trust. This document is sometimes called a “pay on death” form or a “transfer on death” form.
You can transfer your assets yourself or hire us to transfer some or all of your assets to your trust. The risk of funding yourself is that you won’t do it, or you won’t transfer all of your assets to your trust.
If you want the comfort of knowing your trust owns your assets then hire us to do some or all of the funding. We can transfer land in Arizona, Arizona LLCs, and other assets, such as bank and investment accounts, to your trust.
If you want to hire us to transfer some or all of your assets to your trust, submit our Trust Funding questionnaire at https://arizona-wills.com/tfq.