Specific Living Trust Forms Arizona
Description
How to fill out California Revocation Of Living Trust?
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FAQ
You can set up a living trust by yourself. However, if you're not experienced, it might make more sense to get professional advice. If your estate is worth a lot, you may benefit from a living trust. The Uniform Probate Code, however, does simplify the probate process for estates without a trust in Arizona.
Arizona has very specific regulations about Wills. Most attorneys will help you create a will on a flat fee as part of your estate plan. The flat fee to create a Will with an attorney is usually between $950 to $1,500 per person, so services in general will cost more for married couples.
A living trust can cost anywhere from a few hundred dollars to a few thousand dollars, depending on the complexity of the trust and the attorney's fees. In Arizona, the average cost for a living trust is around $1,500. However, this price may vary depending on the location and size of the trust.
Once the deed is prepared, it must be executed to transfer real estate ownership into the living trust. The grantor, or the current property owner, must sign the deed in the presence of a notary public. The grantor must also formally transfer the property from their name to the trust's name.
To transfer real property into your Trust, a new deed reflecting the name of the Trust must be executed, notarized and recorded with the County Recorder in the County where the property is located. Care must be taken that the exact legal description in the existing deed appears on the new deed.