Illinois Trust Attorneys

Schaumburg Estate Planning Law Firm

A trust is a legal document that can be used to protect your assets, ensure your privacy, avoid the probate process, offer greater control over property distribution, and obtain the most advantageous tax benefits when distributing property.  A trust is a legally binding agreement whereby the grantor transfers assets to a trust and the trustee oversees the trust administration and property distribution to the trust’s beneficiaries.  Trusts can be an incredibly valuable estate planning tool by facilitating an orderly, prompt and private transfer of a person’s assets.  The attorneys at Kelley, Kelley & Kelley are experienced in developing trusts that meet our clients' needs in the most beneficial manner possible.

The Schaumburg, Illinois trust lawyers at Kelley, Kelley & Kelley have considerable experience helping clients with all of their estate planning needs, including the proper preparation of trusts and wills.  Contact our office at (847) 895-9151 to schedule an appointment with one of our knowledgeable Illinois trust attorneys to learn more about the various trust options.

Types of Trusts

There are several types of trusts designed to accommodate any number of circumstances, including:

•    Living trusts
•    Revocable living trusts
•    Irrevocable trusts
•    QTIP trusts
•    Family trusts
•    Special needs trusts
•    Dynasty trusts
•    Life insurance trusts
•    Irrevocable life insurance trusts
•    Charitable trusts
•    Credit shelter trusts
•    Qualified personal residence trusts
•    Limited term trusts
•    Estate freeze trusts

Trusts and the Probate Process

Unlike a will, which is a public document that is filed with the court, a trust remains private and protects the details of a person’s estate from public disclosure.  In addition, the property and assets placed in the trust do not remain in the grantor’s name so they are not subject to probate laws and the probate administration process.  Instead, upon death, the trust’s assets can immediately be distributed according to the trust’s terms by the trustee.  A trust can also help protect property and assets from probate and estate taxes.

At Kelley, Kelley & Kelley, our skilled Illinois trusts attorneys can help you ensure that your assets are protected and administered swiftly and according to your wishes.  Contact our office at (847) 895-9151 to schedule a free consultation with one of our knowledgeable Schaumburg trust lawyers to learn more about how a trust can serve your estate planning needs.