Illinois Trusts and Living Trusts Lawyers
DuPage County Special Needs Trusts Attorneys
As a premier estate planning and estate litigation firm, at Roberts & Caruso we recognize the dire consequences of improper estate planning. Do not leave your final wishes to chance. When you need help establishing or updating a trust, living trust or special needs trust, choose a firm with a reputation for excellence. Our attorneys are willing, able and ready to help you.
Helping Clients Understand Different Types of Trusts
A trust is a document that manages your property in life and after your death. A trust acts as a haven for a multitude of assets and lays out your wishes for asset handling and distribution. In Illinois, all trusts are governed by the Illinois Trusts and Trustees Act. Trusts can also be used for asset protection to help shield your assets from exposure to lawsuits.
Trusts are either revocable or irrevocable. A revocable trust, also known as a living trust, can be dissolved or amended at any time during the life of the grantor. The grantor is the person who creates the trust. An irrevocable trust cannot be changed after execution. Our attorneys will advise you on all options and explain the implications for each choice.
Some common types of trusts include, but are not limited to:
- Testamentary Trusts
- Living Trusts
- Special Needs Trusts
- Children’s Trusts
- Family Trusts
- Marital Trusts
Providing Living Trust Guidance in DuPage County
One of the most desirable aspects of a living trust is fast and efficient provision for you and your loved ones in the event of your incapacitation or death. Other benefits include the exclusion of probate court, privacy of estate details, asset protection, and flexible options for trustee succession.
A properly established living trust is funded, enforceable and considers your unique family dynamics, such as a need for long term care or providing for dependents. Our attorneys can help you create a living trust that makes sense for you and your family.
What is a Special Needs Trust?
A special needs trust is a viable option for those who are developmentally disabled. One of the greatest advantages of setting up this type of trust is that it will not disqualify your loved ones from also receiving additional government benefits such as Supplemental Security Income (SSI) and Medicaid. Our attorneys can help you structure the trust to suit the needs of your loved ones, safeguarding their future and providing you with peace of mind.
Please contact Roberts & Caruso to schedule a free initial consultation to discuss your needs for establishing or amending trusts and to determine if you would like to proceed with our firm. If you choose our firm to handle your estate planning, we will begin immediately and keep you informed throughout the process. We have flexible appointments to accommodate your schedule at our offices in Wheaton, Illinois and Chicago, Illinois.