Experienced Trust Planning Attorneys in Rolling Meadows
Trusts, once thought of as tools for the wealthy, have come to the mainstream of estate planning. Today, attorneys frequently recommend Trusts where a Will once sufficed. Trusts can avoid probate, provide pre- and post-death flexibility and asset management, and help achieve financial strategies and reduce taxation.
At its most basic level, a Trust is a legal entity that can own or control assets. For many people, it is a terrific way to ensure that their assets are distributed according to their plans after their death. The person in charge of the Trust is known as the “Trustee”, while the person who establishes the Trust is called either the “Settlor” or “Trustor”. The person whom the assets in the Trust will benefit is the known as the “Beneficiary”. A Trust generally benefits one or more lifetime Beneficiaries and one or more after-death Beneficiaries.
Creating a Trust requires an experienced trust attorney with extensive knowledge of the processes of creating, funding, and administering Trusts. If you would like to create a Trust, you should work with a law firm with experience in this area. The lawyers of Waltz, Palmer & Dawson, LLC have this experience.
With Waltz, Palmer & Dawson, LLC you can rest assured that your Trust will address your priorities and is executed appropriately. We work with you and your family to minimize the risk of misunderstandings and to ensure that your wishes are carried out as you see fit.
Learn the benefits of establishing a Trust
There are several reasons why you should consider setting up a Trust, including:
- Protecting your assets for future generations
- Avoiding costly estate taxes
- Avoiding probate court, which can be expensive and time-consuming
- Setting aside money for minor children
- Providing for minors or adults with special needs without guardianship and in a manner that should protect any government benefits
For more information on trusts, here are other related topics:
When it comes to estate planning, don’t leave anything to chance. Call the attorneys at Waltz, Palmer & Dawson, LLC today at 847-253-8800.
Serving Arlington Heights, Rolling Meadows, Mt. Prospect, Palatine, Schaumburg, Northbrook, Deerfield, Elk Grove Village, Barrington and the surrounding areas.
Waltz, Palmer & Dawson, LLC is a full-service law firm with various areas of service to assist your business, including: Employment Law, Intellectual Property, Commercial Real Estate, Business Immigration, Litigation and general Business Law services. Individual services include Estate Planning, Wills and Trusts, Probate, Guardianship, Divorce and Family Law.
This information constitutes attorney advertising. The material is for informational purposes only and does not constitute legal advice.
Waltz, Palmer & Dawson, LLC
3701 Algonquin Rd. Suite 300
Rolling Meadows, Illinois 60008
Phone: (847) 253-8800