Chicago Trust Attorneys | Will Lawyers, Chicago | Chicago Wills & Trusts

Chicago Trust Attorneys | Will Lawyers, Chicago | Chicago Wills & Trusts

Our Chicago trust attorneys provide clients with focused based guidance to manage trusts and trustee documents putting you in the best position possible with your case.

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Chicago Trust Attorneys

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Our Chicago Trust Lawyers Can Assist you with All Of Your Estate planning Needs:

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Wills & Trusts

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In this video, attorney Kevin O'Flaherty describes ways you can receive legal services from the comfort of home.

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Chicago Trust Attorneys

What to Expect From a Consultation

The purpose of a free consultation is to determine whether our firm is a good fit for your legal needs. Although we often discuss expected results and costs, our attorneys do not give legal advice unless and until you choose to retain us. Although most consultations are complimentary, some may carry a charge depending on the type of matter and meeting location.

Please contact our friendly

Chicago Trust Attorneys

at our nearest location to schedule a free consultation:

O'Flaherty Law of Chicago

1941 N. Elston Ave., Ste. A Chicago, IL 60642

Phone:

(312) 736-1384

E-Mail:

chicago@oflaherty-law.com

Hours: 9 am - 7 pm Monday - Friday 11 am - 3pm Saturday 11 am - 2 pm Sunday

See below for our other locations. If our office locations are not convenient for you, we are happy to speak with you by phone.  ​​​

Some of Our Accomplishments

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DuPage County Probate Attorney
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Chicago Trust Attorneys

Kevin O'Flaherty oversees all legal matters and is actively involved in making sure every client's case, big or small, is handled with excellence and attention to detail. He is available to contact through phone and email and his rates are available upon request.

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Chicago Trust Attorneys | Will Lawyers, Chicago | Chicago Wills & Trusts

Or Continue Scrolling Below to Browse some of our Most Helpful Articles

How to Create a Will in Chicago

In this article, our Chicago will attorneys discusses the process of creating a will that covers the creators wishes when they pass. A will is a legal document that sets forth the wishes of its creator (known as a “testator”) in the event of death. The purpose of a will is to be recognized by a probate court as the governing document for the management of the testator’s estate. In your will you should include the following clauses that accomplish the following: name beneficiaries, name an executor, and name a guardian for minor children. While a will need not be drafted by an attorney to be legally valid, there are many reasons that working with an attorney is advisable: having an attorney draft your will is not expensive, attorneys help avoid ambiguities, attorneys can ensure that your will is valid, attorneys can help you avoid mistakes regarding setting forth your wishes, and attorneys can counsel your options.

In this video, Chicago will attorney Kevin O'Flaherty discusses how to create an effective will in Chicago.

Trust Reformation in Chicago Estate Plans

In this article, our Chicago trust attorneys explain how to modify a Chicago trust. If an estate plan does not consider unforeseen changes or circumstances, there is a potential for litigation by beneficiaries. A trust is a fiduciary arrangement that allows a third party, or trustee, to hold assets on behalf of a beneficiary or beneficiaries. Trusts can be arranged in many ways to specify exactly how and when the assets need to pass to the beneficiaries. Because trusts usually avoid probate, your beneficiaries may gain access to those assets more quickly than they might to assets that are transferred using a will. Assets in a trust may also be able to pass outside of probate, saving time, court fees, and potentially reducing estate taxes, too. A trust reformation is the modification of an irrevocable trust to address unanticipated changes that have occurred since its establishment or to clarify the language of the trust instrument for the benefit of trustees and beneficiaries. While it is possible to reform a trust for various reasons, trustees and beneficiaries do not have the power to change an irrevocable trust simply because they want to. There are several reasons why one would consider a trust reformation.

In this video, Chicago trust attorney Kevin O'Flaherty explains how to use trust reformations to modify Chicago trusts.

Using Trusts To Avoid or Minimize Estate Tax

In this article, our Chicago trust attorneys explain the methods that can be utilized to use trusts to minimize or eliminate Illinois and federal estate taxes. Our Chicago trust lawyers discuss the use of AB Trusts that can essentially double the Illinois estate tax exemption if you the person is married. Using irrevocable life insurance trusts, the death benefit can be removed from your life insurance policies from the value of your estate for estate tax purposes.

In this video, Chicago trust attorney Kevin O'Flaherty explains how to use trust reformations to modify Chicago trusts.

Our Chicago trust lawyers are happy to meet with you in DuPage County, Will County, McHenry County, Kane County, Kendall County, Grundy County, Kankakee County, Dekalb County, LaSalle County, at our offices in Chicago, Downers Grove, Elmhurst, Naperville, Lake in the Hills, Tinley Park, St. Charles or any other location convenient to you.

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Chicago Trust Attorneys