Trust Certificate Lawyer
A Trust Certificate (also known as a certificate of trust) is a legal document that summarizes the details of your trust including the name of your trust, designated trustees, and the powers those trustees have.
Trust Certificates do not disclose who the beneficiaries of a trust are and the distribution of the estate. They are documents given to relevant financial institutions in order to designate your accounts as assets under the name of your trust as well as certify the existence of said trust or the legal authority designated to the appointed trustees.
Arizona statute regulates when and where a certificate of trust may be used. For more information we recommend consulting with an experienced Northern Arizona attorney. At Glazer, Hammond & Smets, PLLC we are prepared to discuss current laws and their impact on your estate plan.
ALREADY HAVE AN ESTATE PLAN?
An estate plan is an arrangement you always want to make sure is up to date. It may become important for you to amend your current estate plan to ensure it still reflects your life plan and wishes. We recommend reviewing your estate plan every 3-5 years to confirm your plan is still aligned with your intentions.
When you need to update your estate plan:
- A death in the family;
- If you want a new trustee for your trust or personal representative for your will;
- A birth in the family;
- A divorce;
- A new marriage;
- If you want to disinherit a child;
- If you want to add or change beneficiaries, including a charity;
- If one for more of your beneficiaries predeceased you;
- If any of your beneficiaries have special, or changes, need that you want your estate plan to address.
- If you received an inheritance or additional assets;
- If you want a new person to have power of attorney (healthcare or durable financial);
- New tax laws may have been enacted since you created your estate plan
Other big life events may trigger the need to amend or update your estate plan. Ultimately, you should consider amending or updating your estate plan whenever your relationships, goals or assets have changed. Additionally, documents may need to be updated as new tax laws are in place. At Glazer, Hammond & Smets, PLLC we can amend, restate, or draft new documents so your estate plan is up to date and in line with your desires.
With over 50 years of combined experience, we can help. Our firm possesses the dedication, determination, and compassion necessary to help you successfully plan for the future. Call us at (928) 213-5916 or Contact Us Here to speak with one of our experienced Flagstaff estate planning attorneys!
