Will County Irrevocable Trust Lawyers
Attorneys for Estate Planning in Naperville, Plainfield, and Joliet
When you are considering an irrevocable trust as part of your estate plan, the Davi Law Group can provide the guidance you need in making such a decision. Our team of knowledgeable attorneys will thoroughly explain your available options for an irrevocable trust and work with you in determining the best type of estate plan to ensure the security of your estate.
Depending on your family and financial circumstances, estate planning can be complicated and, at times, overwhelming. Our experienced estate planning lawyers have helped many Northern Illinois clients through the process and are ready to help you as well.
Informed Irrevocable Trust Decisions
No matter what instruments of estate planning you may be considering, we will take the time to educate you and your family about the various elements and options. Trusts, for example, can be confusing, and many people are unclear as to how a trust may provide benefits. In its simplest form, a trust is an estate planning instrument that provides for its creator while he or she is alive and for designated beneficiaries upon the creator’s death.
Similar to a revocable living trust, an irrevocable trust is established and enforceable while the trust maker is still living. An irrevocable trust differs, however, in that it cannot be revoked once it has been signed. There are many variations of irrevocable trusts, each designed to serve a particular purpose. This kind of trust is often used to:
- Reduce or completely eliminate estate tax obligations;
- Offer financial stability to loved ones and beneficiaries;
- Provide protection for property and assets; and
- Address the special needs of beneficiaries.
Reasons to Choose an Irrevocable Trust
With seemingly endless estate planning options, it may be difficult to find the right ones for your situation. An irrevocable trust may be able to help you keep your beneficiaries from having to negotiate with creditors, to transfer assets out of your personal ownership to maintain eligibility for assistance, or to avoid a time-consuming probate process. While the permanent nature of irrevocable trusts may be intimidating, our attorneys can help you establish your trust properly and include the necessary language for protecting your interests both now and in the future.
At the Davi Law Group, listening carefully to the needs of our clients is the cornerstone of our success. Throughout the estate planning process, we will help you identify your needs and draft the appropriate instruments to ensure your wishes are honored. We will also work with you to decide upon a suitable trustee. Choosing the right individual can provide you peace of mind that your estate will be properly managed when the time comes.
If you are considering an irrevocable trust for your estate planning needs, contact our office at 815-582-4901 for more information. We offer a free introductory consultation so that you can meet our team, and reasonably-priced, in-depth appointments to discuss your particular case. With four convenient office locations, we are proud to serve Will County and the greater Chicago area. Financing options are available.