Probate: A grueling, neverending process that tears families apart. When someone passes away, there are numerous different things that the family has to deal with. If the deceased only had a Will when they passed, their entire estate would have to go through probate, which means that the Will must be proven in a court of law. This process authenticates the Will and demonstrates that it is a valid document. While this may sound good on paper, the process can take over 18 months in court. You can only distribute your assets to the proper beneficiaries during this process. Avoiding probate is a necessity.

The Solution to Avoiding Probate: Living Trusts

Now that probate has been explained, how can you avoid it? One of the best ways to do so is to create a Living Trust. A fully funded living trust will protect your estate from probate when you die, allowing you to pass your estate on to your family or other beneficiaries. It accomplishes this by titling all your assets in your Trust name, naming a trusted individual as your Successor Trustee, who follows your wishes and distributes your property efficiently and inexpensively, outside the court’s involvement.

How to Create a Living Trust

To create a Living Trust, we can guide you through the entire process. You start by completing an Estate Plan Information form and submitting it for our review to begin the draft of your Living Trust estate plan. You can also schedule a meeting with Mr. Tuohy. Whatever path you take, you will protect your estate and avoid probate.

To that end, don’t hesitate to contact us today for further information if you have any questions about Guardianship, Power of Attorneys, Living Trusts, or other areas of concern.

Dylan Hunn is the Executive Intern/Communications Director at Tuohy Law Offices.

Dylan Hunn

312-559-8400
17W220 22nd Street
Oakbrook Terrace, Illinois, 60181

This blog entry is for information and planning purposes. Therefore, it is not legal advice. Please do not use this blog as legal advice, which turns on specific facts and laws in specific jurisdictions. No reader of this blog should act or refrain from acting based on any information included in, or accessible through, this blog without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue from a lawyer licensed in the reader’s state, country or other appropriate licensing jurisdiction.

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