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Get To Know About Different Types Of Trusts In Arizona

A guardianship is a legal arrangement in which a person (the guardian) is appointed to care for someone else (the ward) who cannot care for themselves due to a disability or lack of maturity. A guardian can make decisions on behalf of the ward, manage the ward's finances, and provide support services.

Guardianship is the most common type of trust, after which comes conservatorship and estate planning. You can hire an experienced guardianship attorneys in Arizona for your family needs.

There are three types of trusts: guardianship, conservatorship, and estate planning. 

  1. A guardian is someone appointed by a court to manage the person’s property and finances in case of incapacity or death. 

  2. A conservator is someone appointed by a court to manage the person’s property and finances when there is an incapacity or when there is a pending legal proceeding that might cause the person’s assets to be seized. 

  3. Estate planning involves creating a will and other documents that will direct the distribution of a person’s assets after they die. 

Depending on the type of trust you create, there may be certain requirements that must be met in order for it to be valid. For example, in order for a guardianship to be valid, the person must be legally incapable of making decisions for themselves and there must be a credible threat that he or she will become incapacitated within a short period of time.

If you're considering a guardianship, do some research and find the best guardianship lawyer for your needs.

A Basic Guide To Hire A Guardianship Lawyers In Arizona

A guardianship is when an individual takes sole responsibility for the financial and personal affairs of another person. An example of a guardianship would be an adult child who becomes the guardian for an elderly parent suffering from Alzheimer's.

To become a guardian you must prove that the person who is to be cared for, is disabled and unable. You can hire a guardianship lawyer in Arizona to file a petition in the court.

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Guardianship of an estate means that you are able to make financial decisions. This type of guardianship requires that you can prove that the potential ward is incapable of managing his or her finances. This type of guardianship can be difficult to obtain and may be quite complex. It is a good idea to speak with an attorney to learn how to obtain guardianship over the estate.

The guardian must use substituted judgment once guardianship has been granted. The guardian must respect and consider the religious, moral and philosophical views of the ward.

Although it is possible to get guardianship without an attorney, it might be in the best interests of both you and your ward to have counsel. An attorney is able to help you because court appearances and a lot of documentation are necessary. 

An attorney can help you prove your case in difficult cases such as when the potential ward denies that they need assistance or you seek guardianship over a complex estate.