Estate, Probate & Tax Law Attorneys
Mesa │ Tucson │ Scottsdale AZ

Mesa Estate Lawyers Who Can Help You Create an Irrevocable Trust

Create a trust that meets your needs

Our experienced Mesa estate lawyers can help you establish an irrevocable trust, which are trusts that can't be altered (under most circumstances) once they are created. Any assets that are put into an irrevocable trust are considered a gift to the trust, no longer belong to the estate, and can only be used according to the provisions outlined in the trust documents.

Irrevocable trusts are a lot like other trusts, whereas the grantor or creator of the trust places assets into the trust for future named beneficiaries. Upon death, the trust is administered by a trustee, who ensures the trust's assets are distributed to the named beneficiaries according to terms without having to go through the painful process of probate.

There are a lot of advantages to creating an irrevocable trust, and our Mesa estate attorneys can help you come up with a custom plan that meets your needs and fulfills your wishes. Let Brown & Jensen help you take control of your legacy with strategic estate planning. Contact us today for a free consultation.

    Contact Us

    Let our law firm protect your assets with an irrevocable trust

    Since the assets that are put into an irrevocable trust are no longer part of the grantor's estate, an irrevocable trust can help reduce tax liability and protect assets from creditors. Advantages of creating an irrevocable trust include:

    • Safeguard against lawsuits: Depending on your profession, you could be prone to claims against you. This holds especially true for doctors, lawyers, and certain business owners. Any court order or judgment against you can't touch the assets in your irrevocable trust, as once you place them in the trust, they no longer belong to you. If you're forced to pay out financial compensation as the result of a lawsuit, the assets in your irrevocable trust will be safe.
    • Lower tax liability: While there is no estate tax in Arizona, if your estate is valued at a certain amount, the personal representative of your estate will be responsible for paying a federal estate tax. By funneling assets into an irrevocable trust, you can help shield your assets from tax liability since they are no longer considered a part of your estate.
    • Qualify for government programs: In order to be eligible for some government benefits, such as Medicaid, you must fall within certain income and asset limits. By putting assets into an irrevocable trust, you can keep within these limits to qualify for different government programs.
    • Assets distributed per your wishes: Whether you want the assets from your irrevocable trust distributed to beneficiaries when they reach a certain age or you want them to be distributed for certain uses, such as education, you can outline those provisions when drafting the trust, and those instructions essentially become set in stone.

    Contact a Mesa estate attorney to create your irrevocable trust

    Irrevocable trusts are just one way you can protect your assets and avoid the dreaded probate process. Your beneficiaries will be able to receive assets much quicker after your death, and unless the trust is being contested in court, your privacy will remain intact.

    Having a strong estate plan in place is a great way to seize control of your legacy, and the Mesa estate lawyers from Brown & Jensen can help you come up with a custom plan that meets your needs and fulfills your wishes. Contact us today for a free consultation.

    3850 E Baseline Rd #112
    Mesa, AZ 85206
    (480) 447-7107
    7473 E. Tanque Verde Rd
    UNIT 100
    Tucson, AZ 85715
    (520) 822-8239
    9375 E. Shea Boulevard
    Bld 100, #214
    Scottsdale, AZ 85260
    (480) 771-2261
    1300 North McClintock Dr
    Suite B4
    Chandler, AZ 85226
    (480) 418-8641
    14441 W. McDowell Road
    B102 Suite E
    Goodyear, AZ 85395
    (623) 232-0674
    14050 N. 83rd Ave
    Ste 290H
    Peoria, AZ 85381
    (623) 900-1823
    40 N. White Mountain Rd
    Suite A
    Show Low, AZ 85901
    (928) 813-0417
    630 E, AZ-260
    Suite B
    Payson, AZ 85541
    (928) 478-8833