Establishing Living Trusts
Contact a Northbrook Estate Planning Attorney
A “trust” is an arrangement that allows you to appoint a trustee
to hold and manage property for the benefit of another person, known as
a beneficiary. In a “living trust,” you can appoint yourself
as the primary trustee, allowing you to make decisions regarding the management
and passing of property to your beneficiaries upon your death, essentially
eliminating the need for probate court. This can make things easier for
your loved ones at the time of your passing, sparing your family of the
costs and complexities of dealing with Illinois’s probate law.
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Tell our Northbrook estate attorneys about your situation – contact our office
Kaufman Law Group has helped thousands by offering compassionate and wise legal counsel.
Our experienced Northbrook and surrounding Northern Suburbs
estate planning and
probate lawyers are eager to sit down with you and help you get your affairs in
order. We can walk you through the complexities of Illinois’s legal
system and help ensure your wishes are carried out.
How Do I Make a Living Trust?
Creating a living trust in Illinois has a few requirements. Our attorneys
can take you step-by-step through the process and make sure that your
trust is legally sound.
To create a living trust, the following actions must be taken:
- A trust document must be drafted, naming trustee(s) and beneficiaries.
- The document must be signed and notarized.
- Property is to be transferred to the trustee.
If you name yourself as the primary trustee, it is important that you name
a successor to take over in the event of your death. Along with a living trust,
establishing a will is highly important. This provides a backup of sorts for any property
that doesn’t make it into your trust, such as newly acquired property
after the drafting of your living trust document. You can name someone
in your will to inherit any property that is outside the bounds of your
Plan for the Future Today With Kaufman Law Group
While nobody wants to entertain the thought of their own death, it is important
that you ensure that your loved ones are well taken care of after you
are gone. For more than 30 years, the Northbrook
elder law attorneys at Kaufman Law Group have provided top-notch legal advice to
residents of Northbrook and have garnered a solid reputation for excellence.
With one-on-one, personalized care, our firm can give you the service
you deserve and make sure your future is in good legal shape.
Give us a call at
(847) 521-4909 to get started towards creating a living trust with the help of our skilled