A Discussion on Living Trusts by a Naperville Estate Planning Lawyer

As an estate planning attorney, I recognize that many people have questions about the various documents and tools that can be used to secure their family’s financial future. It can difficult to know which instrument or instruments are right for a particular situation. One common source of a confusion is a tool known as a […]

Naperville Estate Planning Lawyer Discusses How a Living Trust Can Protect Your Assets

If you are in debt, you may be wondering what happens to all of your assets when you pass away. In my practice as an estate planning lawyer, clients frequently ask me questions of this nature. Do the nagging creditors get everything that you have acquired over the years, or do your children and heirs […]

Naperville Estate Planning Attorney on the Advantages of a Revocable Living Trust

As an estate planning lawyer, I understand how difficult it can be to consider what will happen after your death. A large number of my clients express that exact concern, but bravely and responsibly take the necessary steps to provide security for their families. Without proper preparation, the court may assume control over your assets […]

What is the Function of a Trust, and What Types of Trusts Exist in Illinois?

When you and your spouse decide to begin planning your estate and determining property or assets to pass on to your children, there are a few options available to you. One of these options is a trust, which can shield said assets from taxation and probate. They also enable you to protect your family and […]

Illinois Appellate Court: It is Unconstitutional to Tax a Trust with No Current Connection to the State

In 1961, an Illinois resident established a  living trust. The trust property was located in Illinois, and the trustee – the person managing the trust – and beneficiary – the person benefiting from the trust – were also Illinois residents. Given these connections to Illinois, state law clearly governed the trust. But the trust also […]