There’s no one-size-fits-all solution to avoiding friction during estate administration, but a few proactive precautions can help minimize legal hurdles for those inheriting shares. In a recent Az Business article, Guidant Partner Scott Jensen shared his insight on the probate process in Arizona and how this potentially painful scenario can be avoided by choosing the right type of trust.
Jensen lays out the importance of working with a professional to parse the different types of trusts, each of which have distinct nuances and benefits. Ultimately, trusts provide a greater level of control for the trustor and lessen opportunities for misinterpretation or conflict. Jensen also expands on the different clauses – like terrorem clauses or no-contest clauses – that can temper disagreement and provide additional peace of mind.
Individuals, families and businesses with significant wealth and assets frequently turn to Scott for help protecting and securing them for lasting legacies. Scott has guided individuals and families through wills and trusts for nearly two decades. His extensive understanding of the intricacies of estate planning, probate and trust administration enables him to devise creative estate solutions and strategies tailored to clients’ needs and goals.
Read the full Az Business article to learn more about strengthening your estate plan.