Our Practice Areas
211 W. Chicago Ave.,
#109 Hinsdale, IL 60521
Wills & Trusts Attorney Hinsdale, IL
Deciding on the best ways to distribute assets and property after they pass away can be a challenging task, especially when you are doing it without the legal counsel of an experienced estate planning attorney. Two of the most common options in estate planning are wills and trusts. To ensure your family does not have trouble in executing your will or trust, a well-rounded estate plan can be extremely helpful for your beneficiaries.
At Dan Walker Law Office, we work with clients to navigate through the estate planning process and create a great estate plan for you and your family. Our attorney has experience of more than 45 years in estate planning and deep understanding of wills, trusts, and other estate planning tools. We provide you with legal counsel regarding different options suitable for your situation and show you how you can reach your goals. It is essential to understand the difference between wills and trusts before you can choose one or both tools for your estate plan.
Wills vs. Trusts
A will is the most basic estate planning instrument that comprises of a set of instructions, or wishes, laid out by the testator regarding the distribution of assets after they have passed away. It is generally part of most estate plans as it helps people set forth their wishes, as well as naming personal representatives, and in case of minor children, guardians for taking care of them. There are several kinds of wills available that are designed to cater to specific situations, including:
- Simple Will
- Living Will
- Conditional Will
- Oral Will
- Pour-over Will
A trust is a powerful instrument that allows you to hold your assets and property during your lifetime. Some prominent benefits of a trust include avoiding probate, preserving government benefits, minimizing estate taxes and protecting your assets. You can choose from several types of trusts, such as:
- Revocable Trust
- Irrevocable Trust
- Special Needs Trust
- Charitable Trust
Why you need an Experienced Estate Planning Attorney
Since wills and trusts are an important part of an estate plan, it is essential to have a precise idea about your needs and goals in order to choose the right estate planning tools to protect your assets and minimize tax liabilities. Whether you need a simple or comprehensive estate plan, our attorneys evaluate your assets and come up with a tailored, integrated solution that holistically caters to all your estate planning objectives. Moreover, if you have minor children, we can help you specify guardians and establish a trust to ensure that all your children’s financial needs are met in a timely manner.
Discuss Your Case with a Dedicated Wills & Trusts Attorney Today
At Dan Walker Law Office, we know that creating an estate plan can give rise to numerous complications, especially when deciding between wills and trusts. Our experienced attorneys have in-depth knowledge of Illinois laws and regulations governing wills and trusts, and come up with intelligent legal solutions by considering aspects of your specific circumstances. Contact Dan Walker Law Office today at 630-920-8800 to schedule an initial consultation and discuss your case.