Trust attorney Plainfield IL for living trusts that keep things private and simple
Why People Choose Trusts
A trust is a flexible rulebook for how your assets are managed and passed on. Our trust attorney Plainfield IL team designs revocable living trusts that help families avoid probate, plan for incapacity, and protect beneficiaries. The Law Offices of Jeffrey Sell makes the process clear and comfortable.
Common Types Of Trusts
Revocable living trusts cover day to day control now and private distribution later. Testamentary trusts activate under your will for minor children or special purposes. When appropriate, we also discuss special needs trusts and targeted irrevocable options.
How A Living Trust Works
You create the trust, serve as trustee, and keep full control while you are able. We retitle key assets like your home and non retirement accounts into the trust and align beneficiary forms where appropriate. A successor trustee steps in if you cannot and later follows your instructions without court.
Benefits You Will Notice
Avoiding probate saves time and keeps details private. Incapacity planning is built in since a successor trustee can manage bills and property if needed. You can set age based distributions or hold assets in trust to protect against creditors or poor spending.
Our Trust Setup And Funding
We draft the trust, supervise signing, and prepare deeds and letters for banks and investment firms. Clear funding is the difference between a trust that works and one that does not, so we provide a checklist and follow up. When life changes, we amend or restate to keep everything aligned.
Frequently Asked Questions
Will a living trust save taxes
A revocable living trust does not change income or estate taxes by itself. Its main value is probate avoidance, privacy, and control. If tax planning is needed, we discuss specific trust strategies that fit your estate.
Is a trust better than a will for everyone
Not always and it depends on your goals and asset mix. If you own real estate or want to spare family the delay of probate, a trust is often helpful. We will give honest advice on whether the benefits justify the cost.
Can I be my own trustee
Yes, most clients serve as trustee and see no day to day change. You keep using your accounts and property as usual. You simply name a successor trustee to step in if you cannot.
What does my successor trustee do
They gather trust assets, pay final bills, and distribute or manage funds per your instructions. We guide trustees on notices, tax ID setup, and recordkeeping. It is usually simpler than probate because there are fewer court steps.
What happens to my house and bank accounts
We transfer your house to you as trustee with a new deed. We update bank and brokerage ownership to the trust or adjust beneficiaries where appropriate. This way your successor trustee can act without court delays.
Meet the Team
Our attorneys
New York City, NY
Office
Phone:
45 Rockefeller Plaza, Floor 20
New York, NY 10111
Valencia, Spain
Office
Phone:
Gran Via de Ferran el Católic
Valencia, Spain 46008