Chicago Trust Construction, Interpretation, and Reformation Attorneys
The clear and well-defined construction of a trust will more than likely be critical to preventing the possibility of any disagreements between the trustor, trustee, and other beneficiaries later on. With that in mind, situations commonly arise between Chicago trustors and trustees which necessitate legal interpretation to clarify the exact terms of that trust. Under other circumstances, it may become necessary to alter or correct the language of a trust so that it more accurately represents the intentions of the trustor.
Don’t let confusion surrounding the logistics of a trust become a personal issue. Instead, hire an attorney so you can solve any trust problems in a professional and controlled way. If you need help with trust construction, interpretation, or reformation in the Chicago area, the knowledgeable probate attorneys at Peck Ritchey, LLC, may offer the legal counsel and representation you need. Contact us at (855) 328-5787 or by using the live chat feature on our website.
Why do I Need a Trust Construction, Interpretation, and Reformation Attorney?
Trusts allow assets, such as property, money, objects, and life insurance, to be given to a beneficiary. They can also lay out instructions for how assets should be held if a beneficiary is a minor. If you are trying to set up, interpret, or reform the conditions of a trust, it is important to retain legal counsel throughout the process in order to ensure it is done correctly. If a trust is set up incorrectly, the assets named in that trust likely will not end up with the correct people.
Additionally, language involving trusts and money can become complicated and can be interpreted in different ways. If there is a disagreement over what the intention of the trust was, an attorney should be brought in to interpret and decide on follow-up actions. That way, drama and disagreements over where assets should go can be decided by a licensed legal official in an objective way.
Why Choose Peck Ritchey, LLC to Handle My Case?
The attorneys here at Peck Ritchey, LLC are some of the best in the business. We are all passionate about helping people in the Chicago area get their affairs in order so that they can avoid long-term confusion. Each of our attorneys is very knowledgeable about their area of law. For example, Peter Coorlas, one of our senior associates, served in the Cook County State Attorney’s office for over 30 years. He has argued cases in front of the Supreme Court of Illinois and was named a Leading Lawyer in Elder Law and Trust, Will, and Estate Planning Law by Leading Lawyers Magazine. He even advises banks on the administration of trust.
Brandon E. Peck is a partner at Peck Ritchey, LLC who focuses on trust, estate, and guardianship litigation. He regularly advises fiduciaries responsible for estates and is the Chair of the Chicago Bar Association’s Young Lawyers Section. He has been named a “Super Lawyer” for the last five years, or a lawyer that his peers would trust enough to refer their friends and family to them for legal advice. He regularly gives lectures on his areas of expertise, and constantly works to improve his craft. No matter who your attorney is, here at Peck Ritchey, LLC, you will always be in good hands.
The accomplishments and experiences of the attorneys at our firm speak for themselves, but testimonials from past clients also regularly refer to us as respectful, knowledgeable, and professional litigators who serve as great comfort for our clients. They say we are patient and are willing to explain every step of the process in great detail if that’s what our clients are asking of us. We pride ourselves on being kind and easy to work with, and that’s exactly what you will get if you choose Peck Ritchey, LLC to help you with your trust.
How our Trust Construction, Interpretation, and Reformation Attorneys Can Help
There are three parties involved in a trust: the grantors or settlors are the people who set up the trust, the trustees are the people managing the trust, and the beneficiaries are the ones who receive assets because of the trust. Trusts have several benefits, one of which is that you can avoid probate, or the legal process by which people divide your property after your death. Probate can be a long, costly, and public process, so avoiding it can be very beneficial to your family. Trusts help you avoid probate because the trustees, not a court or yourself, are responsible for distributing the assets contained in the trust.
If you are planning to set up, interpret, or change the language of your trust, you should have an attorney help you through the process. If you don’t, issues can come up further down the line, and the distribution of your assets might not play out exactly how you would like. Save yourself and your family future stress, and set your trust up correctly from the get-go by having an attorney read through the language. If there are issues interpreting the terms of a trust that was set up previously, an attorney can bring an objective opinion into the mix, and we promise to do our best to interpret the trust in the way that your loved one intended.
Whatever the exact circumstances of your situation, our Chicago legal team will diligently investigate and analyze the particulars of your trust agreement and, thereafter, clearly explain to you the legal implications of any of the following issues:
- The exact language of your trust
- A specific interpretation of your trust
- A proposed alteration of your trust
Our Chicago team is committed to protecting the rights and interests of trustors and trustees alike, and we have the experience and capability to do just that.
Consult with a Chicago Trust Attorney
At Peck Ritchey, LLC, our Chicago attorneys are prepared to assist you with any matter related to a trust construction, interpretation, and reformation in the Chicago area. Don’t put it off, get your trust set up now so you can have the peace of mind that comes with knowing that all of your affairs are in order. To discuss the particulars of your circumstances with one of our Chicago probate lawyers, please call our offices at (855) 328-5787 today.