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Estate Planning Springfield Injury Lawyer Blog

Revocable vs. Irrevocable Trusts: What’s the Difference in Illinois?

When I’m helping a client plan his or her estate, one of the most common questions I get asked is, “Should I set up a revocable trust or an irrevocable trust?”  Each serves a different purpose. In this post, I’ll outline the difference to help you make the right decision for your situation.  As an experienced estate planning attorney, I can help you understand the difference and make the right choice for your assets. What Is a Trust? A trust is a legal document where you assign your assets. These include valuable things you own like your home, investments, bank      Read more…