A revocable living trust places your assets (including your bank accounts, investments and home) into a trust to benefit you during your lifetime and then transfers your assets to your beneficiaries after you die. By naming a successor trustee in your Illinois living trust, you give a loved one control over the assets to continue to grow your wealth if you ever become incapacitated. This makes a living trust a valuable advance healthcare directive as well. It can help you:
- Control how your assets are managed during your lifetime.
- Take the administration of your assets out of the court system, saving your family money on court costs and valuable time.
- Preserve your family’s privacy by allowing the transfer of assets without public exposure.
Not everyone needs a living trust. It’s most valuable for those with children and those who have built up a certain amount of assets. For that reason, we don’t currently provide living trusts as an online option.
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