Living Trust’s usefulness for a well drafted Estate Plan has nothing to do with whether someone is rich, but rather everything to do with protecting yourself and those you love. It’s all about effective planning for yourself and your family.
When I meet with prospective clients I explain the differences between Wills and Trust’s, and what they choose is, of course their decision. Living Trust’s serve to provide one unified plan that holds all of one’s assets together, and then shield all these assets from Probate and preserve privacy. Let’s talk more about a Living Trust and see if it’s the best plan for you. Contact me trough website or call me.
While there is no legal requirement in Illinois that a Lawyer has to be hired by a home seller, as a practicality it is nearly impossible and certainly ill-advised to represent oneself. There are many documents that need to be drafted, almost all of them fairly complex and detailed. Additionally, the negotiations that often occur […]
When I meet with prospective Estate Planning clients for the first time, it is very common for most people to believe that an effective Estate Plan must be complicated. This is generally not the case. A well drafted document – whether it is a Will or a Living Trust – should be not only legally […]
This unfortunately happens far too often. As people age, sometimes their ability to safeguard their assets diminishes. Fortunately there are laws to protect senior citizens, and each case of potential financial abuse is unique based on the facts at work. Parents, aunts/uncles or close friends who are seniors may often be reluctant to share information […]
If you have a living trust in place, it can probably be amended. It is, however, completely dependent on whether it is what is known as a Revocable Trust. The majority of Trusts are revocable in nature, which is the legal wording used to also indicate that they are amendable, or can be changed. This […]