A Comprehensive Guide to Working with a Trust & Trust Attorney
Hiring the best Wills & Trusts Attorney in Chicago is an important step in estate planning. A trusted attorney can help you avoid pitfalls and ensure that your family receives the property you want them to. This includes avoiding the probate process and minimizing taxes. It can also help you protect your privacy and assets from others.
The legal team at Peck Ritchey can create a variety of estate planning documents, including wills and trusts, for clients in the Chicago area. We work closely with you to understand your needs, desires and assets to help you make the most informed decision about how to distribute your property, care for children, and other important matters. We can draft a valid will that expresses your wishes, and we can update it as your situation changes.
Our firm can also help you minimize taxes by placing assets in a trust, which can be an effective tool for transferring wealth from one generation to the next. We can provide you with expert advice about the benefits and pitfalls of various trusts, including revocable and irrevocable trusts, trust for special needs beneficiaries and charitable trusts.
We also assist with all aspects of trust administration, including the preparation of trust accounts. We can also assist with any disputes arising out of the administration of a trust, such as interpreting or reforming the terms of the trust, contesting a will or defending trustees in a will or trust litigation action.
Trusts are a useful tool for avoiding probate, but they can be complex and must be administered properly to avoid legal disputes. We can assist you with drafting a revocable or irrevocable trust to protect your assets and pass them on to your loved ones without the hassle of the probate process. We can also draft transfer on death instruments for residential real estate to enable your beneficiary to take immediate possession of the property after you die.
Our attorneys can also assist you with any disputes arising out of the administration or interpretation of a trust. These can include a dispute with a beneficiary who is denied their share of the estate, allegations of fraud or undue influence, and claims of breach of fiduciary duty by trustees. We can investigate these claims and bring appropriate legal action.
Contact us today to discuss your needs with our experienced Chicago Trusts and Estates attorney. We offer a free, no obligation consultation to discuss your case and recommend the most beneficial solution. We are committed to working with you to preserve your rights and assets while providing the highest level of service possible. We are available evenings and Saturdays to meet your needs. Call us at (773) 575-8800 or use our contact form. We look forward to hearing from you!