Not many people understand what a trust is and how it differs from a will, but our Crystal Lake trust lawyers can help you through the process. There are many types of trusts, but the one main benefit of all trusts is how they will keep your estate separate from your will after death. One reason for creating a trust is because those who are in danger of paying federal or state estate tax may be able to use a trust to avoid paying some or all of the tax.
People who have children with disabilities may be able to create a trust to enhance the quality of life for those children and people concerned with when their children will inherit, or who are concerned about their children’s maturity can create a trust which delays payments in the event of their death. All of these types of people are prime candidates for a trust.