As an Arizona resident trying to figure out the best way to preserve your wealth for your loved ones down the line, you may be exploring your options and trying to determine how to maximize what you leave behind. While a traditional will is one way to leave something behind for your loved ones, there are typically other options at your disposal, and one such option involves establishing a trust.
Trusts are fiduciary arrangements that allow you to leave assets behind to beneficiaries in a format that can result in considerable savings for them after your passing. Though trusts may prove a bit more complicated to create than a standard will, they offer several benefits that can mean your loved ones get to keep more of your hard-earned legacy for themselves. While trusts come in an array of different formats, there are certain advantages that most trusts offer that make them particularly appealing to many people. More specifically, trusts allow you to: