Using Trusts To Achieve Your Goals
Experienced Estate Planning Lawyers in Central Illinois
Can you maintain access to your assets while preparing to pass them to the next generation? Are inheritance taxes inevitable? Huffman Law Offices, P.C., of Maryville, Illinois, addresses your goals through knowledgeable trust planning. We advise clients on living trusts and other appropriate instruments as part of a comprehensive estate strategy.
Attorney Brian Huffman has practiced law since 1992, focusing exclusively on estate planning and elder law for the last decade. He is joined in his practice by attorney Michelle Weber. Our team represents clients of all walks of life in the East Metro and Central Illinois.
Free Initial Consultation • Toll-Free: 866-842-3430
Sophisticated Application of Trusts
Trusts are an important tool in estate planning to accomplish a variety of purposes:
- Efficiency — Avoiding the expense and delay of probate
- Tax planning — Reducing the estate tax burden
- Asset protection — Keeping assets out of reach of creditors
- Charitable legacy — Leaving assets to a charity
- Providing care — Special needs trusts for a disabled child
- Pet trusts — Leaving assets to care for your pets
A revocable trust allows you to control and use assets while still holding them outside of your estate for tax and probate purposes. An irrevocable trust, such as a life insurance trust, preserves assets in the name of specific beneficiaries, but the person creating the trust cannot regain control of those assets. A living trust is established while you are alive, while a testamentary trust transfers assets to recipients upon your death.
Tailored to Your Situation
Our attorneys are familiar with the various twists on each of these categories. The key is knowing which type of trust is right for each client’s needs. And the key to knowing your needs is taking the time to sit down with you to discuss your goals and your asset portfolio.
Whether you are establishing a wealth preservation plan or changing an existing living trust, contact us for a free initial consultation. We can meet clients at five office locations in Maryville and surrounding counties.