As an estate planning attorney I often get asked “How do I know if I need a living trust?” My response is simple, “If you have a Family, You have a Reason.” A well drafted living trust will help alleviate the burden on your spouse or other family members that you leave behind. Additionally, it provides a mechanism for you to continue to help your family when you are no longer around.
I recently returned from a family vacation. It was a wonderful experience that created lasting memories and brought my family even closer together. The amount of time, effort and money that my wife and I spent in preparation for this vacation was significant, but well worth it. As a parent it is amazing the joy you can obtain from just seeing your children laughing and enjoying themselves. There is great fulfillment in knowing that your children are happy and cared for and feel secure and safe.
While many of us have put in a great deal of time, work and funds to plan our various family vacations, how many of us have put a fraction of that into planning for the future? In fact, how much time and effort have you spent planning what will happen to your loved ones after you have passed on? Have you ever considered what would happen if you did nothing? The consequences can be very serious and devastating. For the love of our family, we should ensure that we put forth the effort to secure their future as best we can.
I want my family to continue to create great memories at all times, even if I can no longer be there. This is exactly why I created a Living Trust, not for me, but for them. So now, when I see my children feel happy, safe and secure I know that those feelings will stay throughout their future too.
Contributed by MH attorney West Hunsaker
About Morris Hall:
At Morris Hall, we have focused our legal practice on estate planning for over 40 years. Along with estate planning, our attorneys help clients and their families with matters of probate, trust administration, wills, powers of attorney, business planning, succession planning, legacy planning, charitable gifting and other important legal aspects. We also have divisions in financial, real estate and accounting to help you incorporate all of your planning together, ensuring that everything works perfectly for your needs and situation. Our Arizona offices are located in Phoenix, Mesa, Scottsdale, Tucson, Prescott, Flagstaff and Arrowhead. Contact us today at 888.222.1328 to schedule an appointment!
This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.
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