Trending...
- Show Your Love to Mesa by Volunteering to Plant Trees
- Mesa: New Airfield Driver Training Program Kicks Off at Falcon Field Airport
- Governor Katie Hobbs and Representative Nancy Gutierrez Release Statements on Bill to Protect Services for Arizonans with Developmental Disabilities
PHOENIX - Arizonar -- In estate planning, ensuring a smooth transfer of assets and properties to loved ones is crucial because the process can sometimes lead to disagreements among family, particularly children, if not handled carefully. Kent Phelps, Attorney, CEO, and Trajan Estate Co-Founder, discusses how establishing a living trust in your estate plan can help minimize family conflict after your passing.
The Importance Of Clarity. Imagine a parent passing away without a clear estate plan. The parent had verbally promised certain assets to one child, while another child believed they were entitled to a different portion of the estate. Without clear instructions or legal documentation, this situation can lead to confusion, hurt feelings, and family discord.
A living trust can outline asset distribution wishes in a detailed, legally binding manner without going to court.
Ensuring Fairness And Equal Treatment. Imagine one child has been more actively involved in caring for aging parents than their siblings. Without a clear estate plan, the caregiver may assume they're entitled to a larger inheritance share as compensation. Meanwhile, the other siblings might feel resentful or unjustly treated if they perceive the division of assets as unequal.
More on The Arizonar
A living trust can address these concerns and ensure fairness in asset distribution privately, outside of the court system. You can specify how you want your assets divided among your children based on financial needs or contributions to your care, which can help prevent conflicts stemming from perceived inequities.
Protecting Family Relationships. Family dynamics can become strained when financial interests come into play after a loved one's passing. Suppose a parent leaves a valuable family heirloom to one child without instructions, which causes resentment among siblings, straining relationships and tarnishing precious memories of the deceased.
A living trust streamlines the asset transfer process with detailed instructions on how your properties should be handled and distributed, which helps avoid disputes and makes estate administration and asset transition more effective.
Read the full article.
More on The Arizonar
About Trajan Wealth
Trajan Wealth, LLC was founded in 2012 by CEO Jeff Junior. Before 20+ years in financial services, Jeff served in the United States Marine Corps. He serves his clients and employees with the utmost service, respect, and attention to detail.
By using low-cost, diversified portfolios under its fiduciary standard and working closely with its investment advisors and estate attorneys within one office, the company provides long-term support for client's retirement needs and estate plans, including wealth accumulation and tax planning strategies. The firm has multiple locations in Arizona, Colorado, Florida, Georgia, Texas, and Utah.
Schedule a complimentary consultation or call 1-800-838-3079.
Disclaimer:
*Advisory services offered through Trajan® Wealth L.L.C., an SEC registered investment advisor. Legal services are offered through Trajan® Estate, L.L.C. in Arizona and Utah, and independent law firms in other states.
The Importance Of Clarity. Imagine a parent passing away without a clear estate plan. The parent had verbally promised certain assets to one child, while another child believed they were entitled to a different portion of the estate. Without clear instructions or legal documentation, this situation can lead to confusion, hurt feelings, and family discord.
A living trust can outline asset distribution wishes in a detailed, legally binding manner without going to court.
Ensuring Fairness And Equal Treatment. Imagine one child has been more actively involved in caring for aging parents than their siblings. Without a clear estate plan, the caregiver may assume they're entitled to a larger inheritance share as compensation. Meanwhile, the other siblings might feel resentful or unjustly treated if they perceive the division of assets as unequal.
More on The Arizonar
- INDEPENDENT PRESS AWARD® announces the 2025 winners
- Evolution of an Outdoor Essential
- DAY Miner: Using AI to transform cryptocurrency mining, boost revenue by 30%
- Jazz Legend Bob Holz Nomination-New Album Honoring Larry Coryell
- Aterna AI Introduces Automated Investing Software for Entrepreneurs Focused on Reliable Growth
A living trust can address these concerns and ensure fairness in asset distribution privately, outside of the court system. You can specify how you want your assets divided among your children based on financial needs or contributions to your care, which can help prevent conflicts stemming from perceived inequities.
Protecting Family Relationships. Family dynamics can become strained when financial interests come into play after a loved one's passing. Suppose a parent leaves a valuable family heirloom to one child without instructions, which causes resentment among siblings, straining relationships and tarnishing precious memories of the deceased.
A living trust streamlines the asset transfer process with detailed instructions on how your properties should be handled and distributed, which helps avoid disputes and makes estate administration and asset transition more effective.
Read the full article.
More on The Arizonar
- Rutgers University Student Wins "New Jersey's Top Student Entrepreneur" in EO's Global Student Entrepreneur Awards
- Governor Katie Hobbs Launches Arizona Space Commission and Announces Appointments
- Global Digital Currency & Wealth Management Leader; Breakout 388% FY2025 Revenue Growth Over $19.7 Million: Metalpha Technology (Stock Symbol: MATH)
- InterMountain Opens Urban Inspired Aloft Sacramento Airport Natomas
- Cura HR's CEO, Lyssa Hansard, Featured in Forbes: Driving Meaningful Change in Pay Equity
About Trajan Wealth
Trajan Wealth, LLC was founded in 2012 by CEO Jeff Junior. Before 20+ years in financial services, Jeff served in the United States Marine Corps. He serves his clients and employees with the utmost service, respect, and attention to detail.
By using low-cost, diversified portfolios under its fiduciary standard and working closely with its investment advisors and estate attorneys within one office, the company provides long-term support for client's retirement needs and estate plans, including wealth accumulation and tax planning strategies. The firm has multiple locations in Arizona, Colorado, Florida, Georgia, Texas, and Utah.
Schedule a complimentary consultation or call 1-800-838-3079.
Disclaimer:
*Advisory services offered through Trajan® Wealth L.L.C., an SEC registered investment advisor. Legal services are offered through Trajan® Estate, L.L.C. in Arizona and Utah, and independent law firms in other states.
Source: Trajan Wealth
0 Comments
Latest on The Arizonar
- Governor Katie Hobbs and Representative Nancy Gutierrez Release Statements on Bill to Protect Services for Arizonans with Developmental Disabilities
- Embrace the Nostalgia: Live Acoustic Emo Night Returns This Friday in Phoenix
- RE1 Advisor Expands Services to Texas
- Uhland Pop Shop Launches February 11, 2025, Bringing Local Pride to Uhland, TX
- Partnerships to Launch Digital Entertainment Hub in China; $40 Million Investment into Global MOBA Digital Game Arena: NIP Group (Stock Symbol: NIPG)
- Sip Social Co. Brings Refreshing Energy to the Miami Marathon Finish Festival with FP Movement
- Igniting Souls® and EOS Worldwide® Launch EOS Impact™: The Exclusive Publishing Collaboration for 850+ EOS Implementers
- Ceramic Liberty Unveils CL8Y: A Revolutionary Deflationary Memecoin Set to Redefine DeFi
- International Women's Day Gala to Celebrate Women's Achievements and Support Fire Survivors
- Sidow Sobrino Unleashes Bite After Bite, a Captivating Music Video & Song from His 12th Studio Album, Seminal
- Unstoppable Women: Women's Orchestra of Arizona's Scottsdale Concert Inspires with Powerful Works
- Show Your Love to Mesa by Volunteering to Plant Trees
- Mesa Launches Youth Climate Action Fund Second Round
- New Jersey Sober Living Opens New Luxury Themed Facility in South New Jersey
- Hawaii Bill Marks Progress in Protecting Patients From Dangerous Restraint Practices
- All me - secure anonymous social - kickstarter crowdfunding
- HomeFortis Launches Target Hardening Guides for Home Security
- Enterprise Solved LLC Experiences Surge in Demand Amid Healthcare Regulatory and Funding Uncertainty
- Retired Leadership Facilitator Shares Decades of Wisdom in New Book
- I belong (t)here, an exhibition that explores the fluidity of identity and the search for belonging in a world that is constantly shifting