Trusts are an important legal device that helps ensure your valuables go to the people you want them to and help avoid the probate process. However, creating a trust can be complicated. It is important to have a trusted Wills & Trusts Attorney by your side to ensure your wishes are properly carried out.
Attorneys in the estate planning area focus on the preparation of trust agreements, wills, powers of attorney and medical directives, as well as closely held business structures and family trusts. They also advise clients on federal gift, generation skipping and transfer taxes and can help clients with trust administration issues including the preparation of trust accounts.
An experienced trust and estate lawyer can guide you through the complex process of transferring your property to beneficiaries. He or she can also assist you with setting up a trust to protect your property from creditors, lawsuits and the cost of probate. The attorney can help you decide whether a revocable or irrevocable trust is best for your situation and explain the differences in terms, scope, and effect.
Depending on your situation, a trust may be a good choice for you and your loved ones. Trusts can offer financial privacy as opposed to a will, which is public record. A trust can also provide you with disability planning that allows a trustee to manage your assets in accordance with the terms of the trust if you are unable to do so. Additionally, you can create a special needs trust for a disabled family member without disqualifying them from receiving public assistance.
A Chicago Trusts & Trustee Attorney can provide you with the guidance and representation you need to make the right choices for your estate. They will thoroughly review your estate and assets to determine if you are a good candidate for a trust. They will also explain the various types of trusts available in Illinois and how each works to achieve your specific objectives.
Hiring the Best Wills & Trusts Attorney
The best lawyers are those who have a reputation for integrity and an unwavering commitment to their clients. These attorneys are known for their skills and ability to solve difficult problems. They will listen to your concerns and needs and will tailor a plan that is specifically designed for you. An experienced Wills & Trusts Attorney can help you minimize tax liabilities, avoid legal pitfalls and ensure your loved ones are taken care of after your death.
Whether you need to set up a trust for your family, need a divorce lawyer or are interested in buying real estate, you can count on the attorneys at Davis & Associates Attorneys at Law. They have extensive experience in matters such as probate, trust administration and the litigation of estates and trusts. They are familiar with the laws in each county of Illinois and can handle all aspects of your case. They can even provide a free consultation to discuss your case and its ramifications.