Lombard, IL Wills and Trusts Attorneys

Trusted Lawyers Helping Create Wills and Establish Trusts in Lombard, Illinois

Security and peace of mind are perhaps the greatest gifts you can offer your family during your lifetime. At A. Traub & Associates, we understand the importance of a comprehensive estate plan that is fully customized to meet your needs and those of your family. We are ready to help you find the right tools, including wills, trusts, powers of attorney, advance medical directives (living wills), and more. With our help, you can protect your family and make sure your wishes will be carried out correctly.

Our experienced attorneys recognize the personal nature of the estate planning process, and we understand that making decisions related to death can be difficult. We will take the time to listen carefully to you so that we can evaluate your unique situation and help you make informed choices. We respect the value of your time, and we will work hard to address your concerns efficiently, no matter how complex they may be.

By developing a comprehensive estate plan, you can prevent future uncertainty for you and your loved ones. Your will can ensure that the property you own will be distributed correctly among your family members or other heirs, helping to minimize the possibility of disputes. Trusts can also help pass your assets to beneficiaries efficiently, and they can also be used to provide for your own needs and address unique situations. With legal help from our team, you can determine what tools to use to address your family's future needs.

Drafting Your Will

A will is usually the foundation of a strong estate plan. At its most basic, a will is a legal document that is designed to convey your wishes regarding your assets, property, and other financial concerns after your death. Your will should be tailored to your family's particular financial circumstances, and its provisions may include:

• Naming an executor who will be responsible for managing your estate after your death
• Dividing your assets among your heirs
• Donating a portion of your estate to charitable organizations or causes
• Arrangements for settling debts or other financial obligations
• Appointing a guardian for your minor children
• Addressing funeral and burial considerations

We can help you draft a will that covers all of your concerns, ensuring that matters related to your estate will be handled correctly. We can also make sure your will is designed to withstand any potential legal challenges, avoiding family disputes related to a contested estate.

Creating Trusts

A trust may offer more flexibility and control than a will when determining how certain assets will be managed and distributed to beneficiaries. You can create one or more trusts in addition to your will, taking a comprehensive approach to the management and distribution of your assets. Trusts can transfer ownership of assets to beneficiaries at any time, including while you are living.

Some trusts can also be used to protect assets, ensuring that they will be out of reach of creditors or abusive family members. Trusts also provide a great deal of flexibility and control, allowing you to provide detailed instructions for when and how they should be distributed to your beneficiaries. With a living trust, you can retain control of your assets and use them to address your own needs later in life. Because trusts allow assets to be distributed to beneficiaries outside of probate court, they can help simplify the estate administration process.

Our lawyers can help you create multiple types of trusts to meet your needs, including:

• Revocable living trusts
• Irrevocable trusts
• Special needs trusts
• Children's trusts
• Dynasty trusts
• Pet trusts

We will work with you to help decide which types of trusts will be ideal for your situation. Choosing a trustee to manage your trust is a very important decision that requires careful consideration. We can make sure all issues related to trusts are handled correctly so that you can provide a secure future for yourself and your family.

Contact Our Lombard, Illinois Wills and Trusts Lawyers

For effective legal advice regarding wills, trusts, or any other aspect of estate planning, contact A. Traub & Associates. Call 630-426-0196 to schedule an appointment today at one of our convenient locations in Lombard or Arlington Heights, Illinois.