Planning for your death is uncomfortable for most people, but estate planning has multiple benefits for you and your beneficiaries. Regardless of your age and income level, it is never too early to start planning, especially if you have young children. A living trust, also called an Inter Vivos Trust, is a legal document that can give you better control of how your assets will be distributed after you die. It is not a substitute for a will, but living trusts are often created in conjunction with wills.
If you want to help your beneficiaries avoid probate, a living trust may be a good option. To ensure that your living trust is properly drafted, you should work with an experienced Barrington, IL estate planning attorney.