The Benefits of a Trust
Our Des Plaines Estate Planning Lawyers Help Clients Plan For Their Families’ Future
The Hoffman Estates attorneys of Pluymert, MacDonald, Hargrove & Lee, Ltd. work one on one with our clients to offer you the best estate planning advice for you and your family’s unique circumstances. With a trust, you can segregate assets for management by a trustee to benefit your loved ones. This also protects those assets from claims of creditors.
When is a Trust Useful?
Our Des Plaines estate planning lawyers will discuss your needs and goals with you to determine if your situation requires a trust, as well as what type will best serve you and your family. In some cases, it may be possible to incorporate trust provisions into a will. However, creating a separate, living trust is frequently the best way to protect your assets and loved ones. This provides you with privacy and automatically appoints someone to oversee your assets and affairs. If you were to become ill or otherwise incapacitated, your trustee can handle your personal business without the courts becoming involved.
Types of Trusts
It is important to you and your family that you create the best kind of trust for your situation. Our lawyers will gladly explain the estate planning roles of revocable and irrevocable trusts, such as:
- Charitable trusts
- Credit shelter or “bypass” trusts
- A/B trusts for spouses
- Medicaid trusts
- Supplemental needs trusts
- Revocable living trusts
- Life insurance trusts
- Dynasty trusts
There are other types of trusts as well; one will address the particular needs of your family. Our trust attorneys fully and clearly explain your options, and work with you to determine what type will be right for you.
Contact Our Firm to Protect Your Loved Ones with a Trust
Reach out to our Des Plaines attorneys today to talk with our firm about how we uphold our Client Bill of Rights in all the legal services we offer. We know that estate planning is a way of providing peace of mind to our clients. Knowing that you have provided your loved ones with ample resources is comforting, and we want to help you do this in the most efficient way possible.