As a firm with a trusted Oswego estate planning attorney for seniors, retirees, and their families, we often meet people who think a will is all they need to protect their assets. But for older adults, a will may not be enough, especially when it comes to planning for long-term care, avoiding probate, and making sure your family is taken care of.
A Living Trust offers more control, more privacy, and better protection than a basic will. In this article, we will explain how a Living Trust works and why it is a smart choice for seniors and families in Plainfield and Will County.
What is the Difference Between a Will and Living Trust?
A Last Will and Testament is a legal document that outlines who should receive your assets after you pass away. But a will:
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Must go through probate, which is a public and potentially expensive court process.