Chicago Living Trusts Lawyer
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.
Is Setting Up A Trust An Important Component Of Your Estate Plan?
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:
- A practical, streamlined and cost-efficient approach to identifying and fulfilling your fundamental estate planning needs
- Proven, well-established ability to draft legally sound wills, powers of attorney, health care directives and other essential documents
- Avoidance of tools and vehicles that are more complex and costly than your situation requires
- Extensive knowledge of Illinois real estate law and the probate process that may prove invaluable as you develop your estate plan
Do You Need A Revocable Living Trust Attorney In Cook County?
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.