Chicago Trusts Attorney
Protect Your Assets & Ensure Your Loved Ones Are Taken Care Of
You've worked hard to build a legacy for your family, and you should be proud of the life you've created. The problem is that a will can only do so much. A will only distributes what you own at the time of your passing. A will does not take into account the future, and it does not account for the possibility that your heirs may need financial support after your passing.
At the Law Offices of Leon J. Teichner & Associates, P.C., we can create a trust that will protect your family. A trust can be designed to take care of your loved ones even if you become incapacitated. A trust can also provide for your family in the event that you pass away unexpectedly.
Trusts for Minors
One of the most important reasons to create a trust is to protect your children. When you pass away, your will would distribute your assets to your children, but children are not allowed to own property. This means that your children would not be able to access the trusts you created for them, and they could end up with nothing. Our Chicago trusts attorney can create a trust designed to take care of your children for the rest of their lives.
Some of the benefits of creating a trust for your minor children include:
- Allowing you to designate who will care for your children
- Allowing you to provide for your children even if you become incapacitated
The Benefits of a Living Trust
A trust is an agreement between yourself and a trustee, which is a person or institution that manages your trust. You designate what your trust will do and how it will be managed. The trustee then has the responsibility of managing your trust to achieve its stated purpose. A trust is an important legal tool because it can be created to do almost anything. You can create a trust to pay for your children's education, provide for your spouse, or take care of your minor children after you pass away.
The benefits of a trust include:
- Protecting your assets
- Ensuring your loved ones are taken care of
- Allowing you to pass on your legacy
- Giving you peace of mind
Protect Your Family
By working with a trust lawyer in Chicago from the Law Offices of Leon J. Teichner & Associates, P.C., we can create a trust that will protect your family.