Trust

What is a Legacy Trust Portfolio?

The following is generalized legal information and should not be inferred or construed as specific legal advice:

In a modern age of computers and worldwide communication, more and more counties are allowing "searches" of public records on the internet, including probate records; why would you want to expose your heirs and their inheritance to the world?

And, after the drama still unfolding from the stock market drop a few years ago, few would argue that a convertible trust may be the only way to protect the estate properly by continuously being ready to become either an "A" trust, an "A/B" Credit shelter or bypass trust, or an "A/B/C" Credit shelter or bypass trust with the special "Q-tip" (Qualified Terminable Interest) trust C.

Taking the Q-tip election authorizes tax deferral on what otherwise would be estate assets taxed at the first death. In most cases, this helps avoid paying the Federal Estate Tax due on excess estate assets, until both Trustors have died.

Our firm follows all Arizona statutes and their updates and revisions to prepare the legal document instruments contained in The Legacy Trust Portfolio. This is done under Arizona statutes that allow "Non-lawyer" legal document preparation firms to legally prepare documents. Since July 1st, 2003, additional certification is required in order to provide these services. Our firm operates under AZCLDP license #80738.

Additionally, this portfolio contains valuable accounting work in providing a complete estate asset inventory (typed in Schedule A), all Arizona Power of Attorney documents, etc. to fill 15 separate sections and is bound in a zippered leather like binder! This complete portfolio has every conceivable legal document you could think of - and many you haven't thought of - all in one convenient source.

The Legacy Trust Portfolio has been praised for almost 15 years by many major Arizona banks and credit unions! Additionally, all major Arizona bank trust departments have continuously approved our legal instruments for eventual administration, with no failures to date!

If you want to avoid "probate" * at all costs in Arizona as a resident and have Gross Estate assets exceeding $ 75,000, then you should investigate this portfolio further and determine if it will fit your needs.

Note: This service is currently provided for Arizona residents only!

Why do I need a Legacy Trust Portfolio?

Well, technically, you don't! The state of Arizona has some default statutes for you if you don't feel the need for professionally prepared documents. Of course, they may give your property to the wrong people and your kids (if minors) to the one sibling you would never consider as a guardian!

But you can be pro-active and design a plan to cover all the contingencies of life...and death. With almost 300 pages of documents and instructions, the Legacy Trust Portfolio can help remove the stress and worry about what happens if you become disabled in the future, or when you pass away.

Oh, there is one requirement we insist on in order to prepare your documents:

You must still be ALIVE!

So please, don't procrastinate on this once you are convinced it will benefit you!

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To Current Clients:
Legacy Trust Portfolio Updates May Be Needed Immediately!

We are constrained under the statutes to suggest specific legal document changes you may need as this may be deemed as "legal advice". This includes, telling you your portfolio is out of date by naming specific documents or sections that need revision.

So, we will just say that new HIPAA laws drastically changed how many legal documents work and function here in Arizona...and there is a good chance that you might want to research this area yourself and determine if your documents prepared by us in the past are still meeting your needs.

To find out more about HIPAA law, Click Here

You can also get a legal opinion on them from a lawyer and then hire us to do the actual work, if any change is determined. We would hope to charge a lot less for any needed updates.

Also, if you have a sizable IRA ($50,000 or more), almost ALL of the IRS rules have changed affecting distribution rules! You may need to schedule a general consulting appointment with us to determine any IRA planning needs and if directed by you, we can now draft a provision in your Legacy Trust to take advantage of these new rules!

Of course, all other changes in life dictate the need for an update, amendment or consultation. If you have a new child or grandchild, if you have a new pet, if you have had a death in the family, if you have received an inheritance, if you are about to retire, etc., etc. - then you may need to give us a call and come in and tell us about the changes so we can suggest legal documents or amendments to continue to meet your document planning needs.

NOTE: WE CAN NOT GIVE LEGAL ADVICE, BUT WE CAN SUGGEST PROPER LEGAL DOCUMENTS OR AMENDMENTS BASED ON YOUR REVISED CIRCUMSTANCES AND DIRECTIVES GIVEN TO US.

Be sure to look for the "on-line" discount for work orders that are prepared while in our site!

Click here to order now!

Disclaimer: This information should not be construed as "legal advice". If you desire legal advice, you should consult a lawyer.

Or call for an appointment:

Our phone number is (480) 345-1616.

Click here for more contact information.