While an accurate and compliant will is a good first step for estate planning, these legal documents are generally subjected to a probate process in which an independent court will:
For larger and more diverse estates, the probate process can be extremely lengthy and expensive. During this period, your beneficiaries may be denied access to critical funds or barred from taking control of businesses and other assets that require immediate attention. Probate will also open up your finances to public record, bringing more exposure to your private family matters than you would otherwise wish.
As experienced estate planning specialists operating across Illinois, Casement Group’s attorneys are always looking to help clients transfer their assets in the most efficient and cost-effective manner. In order to achieve these goals, we try to minimize our client’s legal fees, tax burdens, and administrative requirements through a variety of legal instruments.
Trusts are sophisticated estate planning arrangements that allow beneficiaries to gain access to your property far more quickly. Trusts also help to shield your assets from any probate taxes or creditors’ claims that could otherwise substantially affect the final value of the inheritance. As a final benefit, these instruments offer unmatched flexibility in how and when assets are transferred, who they are transferred to, and how the remaining assets will be utilized.
At Casement Group, our estate planning attorneys work with clients across Elgin, Kane County and all of Illinois to identify the right type of trust to meet their specific estate planning needs. Whether they want to streamline the removal of high-value properties from their estate, provide a consistent income for special needs beneficiaries, or put a portion of their inheritance towards charitable causes, we can match them with a suitable trust.
We can help you or your chosen trustee to:
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Jim is an experienced attorney that gets results for his clients. If you have a real estate, family or any other legal issue, I would highly recommend Casement Group, P.C.
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Our estate planning law firm operates in multiple counties across Illinois, including DuPage, Cook and Will Counties. We are ready to bring our knowledge and a keen understanding of Illinois probate law to your trust as well.
You can contact our team at (847) 888-9300 to set up a complimentary consultation at your convenience. Making the right estate planning decisions today can help you provide for your loved ones for generations to come.