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Free living trust template arizona. The amendment to living trust form can be used in most situations. This trust is administered by a trustee who is obligated to take care of the property with the best interests of those who are designated to receive the property in mind. Download the arizona irrevocable living trust form which allows you as the grantor to transfer your property into a new entity called an irrevocable trust. You should check with a competent legal professional to ensure that this amendment to living trust form meets any legal requirements set established by the state.
The amendment is used to make changes to a living trust that you previously established. The term revocable means that you may revoke or terminate the living trust at any time. The arizona living trust is a document that allows a person to place personal property and or real estate in a holding the enables the beneficiary ies to bypass the probate process after the trust creator s death. This trust is administered by a trustee adobe pdf.
Arizona s living wills law does not approve or authorize suicide assisted suicide or mercy killing. A living trust is one way to be proactive about planning your estate if you re in arizona and think that establishing a living trust might be the best way for you to protect your assets and make life as easy as possible for your family after you ve died this guide will give you the information you need to set up the trust. Ownership of the assets are transferred to the trust but the. Find free living trust legal forms designed for use in arizona.
A living trust also known as a revocable trust is an agreement created by a person known as the grantor to hold some portion of their assets during their lifetime. Arizona revised statutes 36 3201 to 36 3210. Download the arizona revocable living trust form which allows an individual also known as the grantor to transfer property into a new entity which is administered by a trustee. Arizona revocable living trust form.
Unlike a will the contents of a living trust don t have to be distributed in probate and are not made public record. The arizona revocable living trust is a document created by an individual who wishes to protect their assets and leave instructions for an appointed trustee to distribute assets to beneficiaries when they die. The grantor can adobe pdf. The arizona living trust is an estate planning tool designed to avoid probate while providing long term property management.
Additionally a living will references a written statement created by someone who has not created a healthcare power of attorney and is meant to control the treatment decisions when the patient is no longer able to make their own decisions. The person in charge of managing the trust is known as the trustee.
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