With the baby boomers getting older, seniors and elders need to pay more attention to wills and trusts. This weekend, I was speaking with my wife's grandma and grandpa and we were talking about wills and trusts. We were talking about all of the people and friends that they know that did not plan their estates correctly. In fact, grandma and grandpa stated that they attended several estate planning seminars and were surprised by living trusts were better than wills. Often times, the conventional wisdom is that wills are preferential to living trusts.
Living trusts are another method of distributing your estate similar to a will. Unlike a will, living trust do not go through probate court and are private documents. This weekend, grandma was talking about how she witnessed a neighbors will by going to the local courthouse. This surprised me because I did not think many seniors or elderly were aware that wills are public information. With a living trust, your neighbor or neighbors cannot view your will. Estate planning is critical because tomorrow is never promised or guaranteed.
In conclusion, Robertson Law Group, LLC is a wealth preservation law firm concentrating in wills and trusts, estate planning, advanced planning, and asset protection planning. We are based in Naperville and downtown Chicago and give Western Suburbs' residents expert legal advice at a reasonable costs. We also have the ability to travel to our senior and elderly clients. Sean Robertson is Principal and Attorney for Robertson Law Group, LLC. Sean Robertson may be reached at 312-498-6080 or 630-364-2318.
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