It took you a lifetime to build your estate, and an effective estate plan can ensure that your wishes for what happens to your estate after you are gone are known and respected. Chamberlin Little, P.C., will work with you to draft the necessary legal documents to convey your desires for your assets and your dependents.
1. Will - In its simplest terms, a Will is a legal document that specifies who will inherit your property in the event of your passing. You will nominate an Executor, who will administer the estate. The Will is the proper document to specify who will act as guardian of any surviving minor children.
2. Revocable Trust - A revocable trust creates a separate legal entity designed to protect your assets from probate. It becomes irrevocable upon your death, and serves as a means of keeping your wishes private. A revocable trust is created while you are alive and is also called a “Living Trust.” However, you can create a testamentary trust as a provision of your Will.
The experienced lawyer at Chamberlin Little, P.C. can assist you with drafting the provisions of your will or trust so that your wishes will be executed as you have instructed. Contact Chamberlin Little P.C. for a free initial consultation at 630-541-3295.