Our Downers Grove will and trust attorneys are proud of our affordable rates and above-and-beyond client service. We will take the time to learn about your family's goals and educate you on how to use revocable living trusts, wills, and powers of attorney to achieve them.
Please contact our friendly
Downers Grove Will Attorneys
at our nearest location to schedule a free consultation:
See below for our other locations. If our office locations are not convenient for you, we are happy to speak with you by phone.
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.
In this article, our Downers Grove trust attorneys explain the differences between wills and trusts, what wills and trusts can accomplish for you, and why it is appropriate for some people to have both.
Both wills and trusts will allow you to provide for the distribution of your assets when you pass. However, revocable living trusts will allow your estate to avoid a costly and stressful probate proceeding and will give you greater control over how the inheritances of minor children are distributed. On the other hand, wills will allow you to name a guardian for minor children.
In this article, our Downers Grove trust attorneys explain how revocable living trusts can be used to ensure that a costly, stressful, and time-consuming probate estate is not necessary to distribute your assets to your loved ones when you pass away.
In Illinois, if you own any real estate, including your home, outside of a trust or more than $100,000.00 of non-real estate assets outside of a trust when you pass, probate is required. Probate can cost 5% to 10% of the value of your estate in attorney fees and court costs and typically takes at least a year to complete before your assets can be distributed to your loved ones. By using a revocable living trust as your primary estate planning vehicle, rather than a will, our Downers Grove revocable living trust attorneys can ensure that your estate passes immediately to your loved ones when you pass without the need for an expensive and time-consuming probate estate.
In this article, our Downers Grove estate planning attorneys discuss the importance of choosing the right person to be a trustee to administer your trust after you pass. This is one of the most important decisions to make in your estate planning to ensure your wishes are carried out.