PROSPERA LAW
Estate Planning for Life
Wills
Is a Will right for you? We help you tailor a will-based plan for every stage of your life.
Trusts
We help you create the right type of trust for your life & business needs.
Trust Administration
Setting up, funding, & administering your trust(s).
Probate
Navigate the probate process and litigation with ease.
Trust Administration in Illinois: A Guide for New Trustees
Congratulations on setting up your trust or being appointed as a trustee! Trust administration is a crucial process that ensures the intentions of the trust creator, or grantor, are carried out effectively and in accordance with Illinois law. Understanding the steps involved in funding and administering a trust is essential. This guide aims to answer common questions and provide clarity on these processes.
Why Single Individuals Need an Estate Plan
Ultimately, estate planning is about taking responsibility for your future and the legacy you leave behind. It’s a way to ensure that your values and wishes are respected, that your assets are distributed according to your preferences, and that you make a positive impact on those you care about and the causes that matter to you. Even if you don’t feel connected to these decisions now, the forethought can provide immense benefits to others and reflect the person you are and the principles you stand for.
Charitable Giving: Comparing Charitable Giving Tools & Strategies
When it comes to estate planning, two common tools that individuals often consider are wills and trusts. Both serve the purpose of distributing assets and ensuring the fulfillment of your final wishes, but they differ in several key aspects. Let's explore the pros and cons of each option to help you make an informed decision.
Choosing a Trust: Pros & Cons by Trust Type
Trusts are versatile estate planning tools that offer various benefits, including asset protection, tax efficiency, and control over the distribution of assets. In Illinois, individuals have several options when it comes to choosing the type of trust that best suits their needs and objectives. Let's explore some common types of trusts available in Illinois and their key features.
Main Office:
The Glen Town Center
Northbrook, IL 60062
Mailing Address:
2516 Waukegan Road Ste 148
Glenview, IL 60025-1774
- info@protectmyestate.net
- https://protectmyestate.net
- (847) 220-4233
How can we help?