A will is a legally-binding document that identifies who should inherit your property or care for your minor children. We can assist you in preparing a valid will and help you decide what to include in your will. In a will you will need to appoint an executor and a custodian if you have any minor children. If a person dies without a valid will and did not make alternate arrangements to distribute property, survivors may face a complicated, time-consuming, and expensive legal process. We also recommend that you include financial and healthcare powers of attorney to take care of all your estate needs.
What is a trust? A trust is a document outlining what the trustor wants to happen for his or her heirs. Mostly trusts are put in place to reduce estate tax liability, to tend to property in the trustor’s estate and to escape probate. It is true that a living trust does help avoid probate, which means that assets are issued in a faster time frame than a will. In addition, living trusts can be either revocable or irrevocable. A living trust keeps the entire process more confidential because it is not a public record, like a will. Plus, trusts are typically more difficult to attest than wills. However, it is important to note that trusts take longer to create and must be maintained.
Trusts and living wills can be changed at any time, however, it is more time consuming to change a living trust.
Probate is the legal process of administering the estate of a deceased person, resolving all claims and distributing the deceased person’s property under a will. The court officially appoints the executor, generally named in the will, as having legal power to dispose of the assets in the manner specified in the will. Distribution of certain estate assets such as real estate requires the liquidation of the assets. If there is not a will, usually the closest relative is appointed as the executor of the estate. Through the probate process a will may be contested. We are happy to assist you with the complex nature of probate court.
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Hansen, Massino, & Pollack, P.C.
We can’t thank you enough for all you have done.
Attorney Michael Massino made me feel so relaxed. I really appreciate all he did for me.
I was represented by your firm in the above referenced matter. I received a letter in the mail seeking my feedback as it related to the services I received. I am happy to take a moment to respond. In all areas I would rate the firm with all 5’s (excellent). The attorney that represented me was Alex Beck. Alex was so easy to talk to, communication was always open, with the steps and processes clearly laid out and understandable to me. Alex is just a very likable great guy, while at the same time being a very knowledgeable professional in his discipline. I have already in the past ,and will continue to in the future, refer your law firm to friends and family. I’d also like to say Donna was of tremendous help and was an absolute pleasure to be assisted by. Thank you, James Nichols
950 Essington Road Suite B
Joliet, IL 60435
Phone : (815) 730-8860
Fax : (815) 730-8865
500 Bob Blair Rd Minooka,
Phone : (815) 467-0270
Fax : (815) 467-0271
405 N. Liberty Street PO Box 568
Morris, IL 60450
Phone : (815) 942-6210
Fax : (815) 942-6238
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