In estate planning, living trusts stand out as versatile tools, offering individuals and families in Chicago a robust mechanism to safeguard their assets and streamline the distribution process. At Bradford Miller Law, our dedicated team of Chicago trust estate lawyers understands the intricacies of living trusts and is committed to guiding you through every step.
A living trust, also known as a revocable trust, allows you to transfer your assets into a trust during your lifetime, ensuring seamless estate management and distribution upon your passing. One of the key advantages of a living trust is its ability to bypass the probate process, providing privacy and efficiency in the distribution of assets.
Our Chicago trust attorneys specialize in crafting personalized living trust plans tailored to your unique needs and objectives. Whether you’re looking to protect your assets, minimize tax liabilities, or provide for your loved ones, we offer expert legal counsel and support every step of the way.
When you choose Bradford Miller Law, you can trust our unwavering commitment to excellence, integrity, and client satisfaction. Let our experienced Chicago trust estate lawyers help you secure your legacy and ensure a brighter future for your loved ones through strategic living trust planning.
In helping people throughout the Chicago area evaluate and achieve their estate planning goals, we sometimes determine that establishment of a living trust would be beneficial. Valid reasons to set up such a trust may involve children’s needs, the desire to avoid the probate process and minimize unnecessary costs, and other considerations.
The term “living trust” itself means that the trust is set up and funded while the person doing so (the grantor) is alive. In contrast, many of our clients’ current situations are best served through careful drafting of a will and a testamentary trust — sometimes called a contingent trust — that takes effect only upon death and is usually intended to provide for a minor child or children. As Chicago living trusts attorneys, our strengths include:
Individuals with very large estates and unique plans for distribution of their wealth may set up multiple revocable living trusts and have other complex needs. Our primary focus in our estate planning practice at Bradford Miller Law, P.C., is on more basic estate planning needs, but our experienced lawyers have wide-ranging knowledge and will be glad to speak with you under any circumstances.
If you have questions about issues ranging from estate planning basics to establishing and funding a living trust, we encourage you to contact us today. Beginning with a free consultation, we will do everything we can to fulfill your needs or steer you in the right direction.