Illinois Estate Planning: Protect Children With a Trust

Illinois Estate Planning: Protect Children With a Trust

Being a parent is one of the toughest jobs in the world. The vast majority of parents in Illinois and elsewhere just want to do their best to make sure their children are loved and protected. Unfortunately, many parents fail to put plans in place that will protect their children in the event that they are no longer around to care for them. A trust can, if written and funded properly during the estate planning process, safeguard one’s children and their future.

What is it about a trust that can do this? When assets are placed in a certain type of trust, they are highly protected from legal claims or creditors. What type of trust is needed to accomplish this? An irrevocable trust.

An irrevocable trust is something that cannot be changed once it is put into action. The individual funding the trust has to be sure it is something that he or she wants to do, and this individual needs to be sure he or she is ready to give up control of the assets being placed in the trust. It can be a lot to ask of a person, but one has to think of the end goal. If one wants to make sure that assets are there and available for children, this is one of the best ways to do it. Not only can one name specific beneficiaries of the trust, but it is also possible to give detailed instructions as to how and when assets are to be distributed.

Not all Illinois residents will require trusts to protect their assets for their children. Those who are not sure if this is something that they would benefit from having can turn to legal counsel for guidance on the matter. An experienced estate planning attorney can help one create a trust if doing so is deemed appropriate.


Family-Focused Advocates

Meet Your Attorney

Why Clients Choose Us

  • Family-Run Firm
  • Free Consultations
  • 20+ Years of Legal Experience
  • No Pressure to Sign at Initial Intake

Awards & Memberships

Client Testimonials

Hear stories from the clients we have worked with in the past that we still consider family.
  • “I am extremely pleased with the service they provided: from giving me advice on how to prepare, to working with creditors, and finally to handling the legal aspects of the bankruptcy itself. They took ...”

    - Mike
  • “Deciding to file bankruptcy and going through the process of foreclosure on our home was not something my husband and I ever thought we would have to do. On our initial visit with John, he explained ...”

    - Anonymous Client
  • “This extra special note sent to you today holds more appreciation than any words can say. Over 30 years ago, I found myself in a career helping others in need. I never expected to be in need myself ...”

    - Mrs. J.
  • “Just a note to say thank you for the legal advice you gave me last week. Before I came to see you, I was scared to face my problems, but today I opened a checking account and will go to the Social ...”

    - Mrs. K.
  • “Roseanne is the best. My husband and I went with a cheap bankruptcy attorney to save money. BIG mistake. We ended up with an adversary hearing that our bankruptcy attorney couldn’t handle. So after ...”

    - Anonymous Client

Take That First Step With Us

Schedule a Free Consultation
  • Please enter your first name.
  • Please enter your last name.
  • Please enter your phone number.
    This isn't a valid phone number.
  • Please enter your email address.
    This isn't a valid email address.
  • Please make a selection.
  • Please enter a message.