Planning ahead means more than just writing a will. At Woods & Bates, P.C., we help Illinois families take practical steps now to make things smoother later. One of those steps? A revocable trust.
This tool offers a way to stay in control while you’re living and make things easier for your loved ones after you’re gone.
What Is a Revocable Trust?
A revocable trust sometimes called a revocable living trust is a legal document that holds your assets for the benefit of others. You stay in charge during your lifetime and can change it at any point while you’re able.
Unlike a will, a trust usually avoids the Illinois probate process, keeping your affairs private and avoiding delays.
Why Consider One for Your Estate Plan?
- Avoid Probate in Illinois: Probate can take months and rack up costs. A trust helps your family skip that step and move forward without the court.
- Keep Your Plans Private: Wills become public trusts don’t. Only your trustee and the people you name will know the details.
- Remain in Control: Add or remove assets, change beneficiaries, or set conditions for how and when they receive funds.
- Plan for Incapacity: If you can’t manage things due to illness or injury, a trusted person can step in no court needed.
- Helpful for Families with Real Estate, Investments, or Special Needs: A trust can simplify handling multiple properties or protect loved ones who rely on public benefits.
Is It the Right Fit for You?
Every estate plan is personal. If you’re wondering whether a revocable trust makes sense, Woods & Bates, P.C. is here to help. We’re here to help virtually or in person, call us at 217-735-1234 and take a step today that your future self and your family will thank you for.