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 workshops are a great way to learn about effective planning for every stage of life while finding out why our approach is so unique and effective. Give us a call at 217-726-9200 to RSVP.