DuPage County estate planning lawyerMany people find trusts beneficial. Whether or not you choose to create a living trust is a personal choice. Though a lawyer is not necessary, hiring one experienced in estate planning can bring you much-needed peace of mind.

What is a Trust?

A trust can allow a grantor to entrust their assets to another while alive and maintain some control over them. It also allows the grantor to determine who receives their property after they die. While alive, a trust will manage your assets. Once you die, the trustee will distribute the assets to those that align with your wishes.

Benefits of a Living Trust

Living Trusts, which are created while you are alive, are designed to avoid probate, manage your assets in the case of incapacitation or death, and safeguard your financial property. A living trust can draw out a complete plan for how to deal with current and future assets. They can help you get assets to the right people and help protect them from others. Because of this, a trust can provide a special kind of peace of mind for how your assets will be handled.