Trusts are a very valuable planning tool. When people think about estate planning, most people think about wills. While wills are the most basic/common tool for estate planning, trusts are an incredibly effective way to plan for things that wills can’t address. Trusts can be used to:
- Organize your assets so it’s easier on your family later. (Read about two types of asset organization mistakes here.)
- Set out instructions for when you’re not able to make your own decisions — either upon disability (like a stroke) or death.
- Keep things private. (All wills are public record.)
- Protect assets from creditors, divorces, kids who don’t know how to manage money and even future lawsuits you can’t anticipate (like car accidents).
- Reallocate assets to maximize long-term care benefits such as Medicaid or VA benefits.
If you’re ready to get started protecting what you’ve worked so hard for, call us at 217-726-9200 to schedule an initial appointment with one of our attorneys. If you want to learn more without any obligation, our free 1-hour workshop, “Wills & Trusts: How to Get Started” is a great way to learn about the basics of wills and trusts while finding out why our approach is so unique and effective. After attending the workshop, if you decide to work with us, you’ll receive $200 off your Initial Meeting fee.