Tinley Park Trust Lawyers | Tinley Park Will Attorneys | Will & Trust Attorneys, Tinley Park

Our Tinley Park trust attorneys explain how trusts are utilized to avoid costly probate cases.  Probate becomes necessary when the ownership of real estate assets worth more than $100,000.00 are passed to another party outside of a trust.  Probate cases can potentially last a year and could cost up to ten percent of the value of the estate in attorney fees and court costs.  Also, while a probate case is ongoing, your loved ones won't have any access to inherited assets until the probate is completed.  

Our Tinley Park trust attorneys will assist you in the creation and transfer of assets into the trust so your loved ones can administer and control your estate without entering probate and the need to hire an attorney.

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In this article, the differences between wills and trusts is examined.  Wills and trusts allow the appointment of an executor that manages your estate when you pass and allows the distribution of assets according to your wishes.  Trusts however, have an additional benefit that allows your estate to bypass the costly probate process. Families with minor children typically have both a will and a trust.  This allows the appointment of guardians for minor children while a trust only allows the placement of a trustee in charge of the assets until your children reach a certain age or a time that you feel they are able to control the assets themselves.​

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In this article, Tinley Park trust attorney Kevin O'Flaherty explains no-contest clauses in wills and trusts. No-contest clauses provide that if a beneficiary of a will or trust challenges the validity of the will or trust, the beneficiary will forfeit the inheritance he or she would have otherwise been entitled to receive.

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