Chicago Trusts Attorney
As you begin to consider how you would like your estate to be disbursed after you pass on, you may want to consider putting some portion of your estate into a trust. Aside from the fact that trusts help to minimize estate taxes, your loved ones will likely be able to avoid the probate process before accessing the assets you have left for them.
If you are interested in passing on any portion of your estate with a trust, you should speak with a Chicago trust attorney at Peck Ritchey, LLC, about what this could mean for you and your family. Our legal team in Chicago understands just how important this will be for you to get right; we can help you work through every state of your estate planning to ensure that everything is in order.
Creating a Trust to Distribute an Estate in Chicago
Now that you want to pass on part of your estate with a trust, there will be a number of important decisions that you will need to make about what kind of trust you would like to form. The most notable decision that you will need make about your trust is in regards to whether it will be one or the other of the following:
- Revocable Trusts, or Living Trusts
- Irrevocable Trusts
While you will be able to retain control of a revocable trust for the remainder of your life, you will immediately cede control of any assets you place in an irrevocable trust. Before you decide to do anything, our Chicago legal team can help you make the decisions that are right for you.
Consult with a Trusts Attorney in Chicago
If you would like to learn more about disbursing any portion of your estate through a trust, you should consult with a Chicago trusts lawyer at Peck Ritchey, LLC, about what options will be available to you. To speak with an estate planning attorney in Chicago about the particulars of your estate, please call our Chicago offices at (855) 328-5787 today.