A Friendly Notary’s Guide to Living Trusts in Illinois

Many of us share similar goals when it comes to estate planning: protecting our assets, providing for our loved ones, and ensuring our wishes are respected. An effective way to achieve these objectives is by having a notarized trust.

A trust involves designating a person or corporation as a trustee to manage and administer the trust property according to the instructions outlined in the trust document. A living trust, in particular, is designed to protect all your assets.

The trustee holds and manages the trust property for the benefit of the beneficiaries named in the trust document. As the creator of the trust, you would typically serve as the trustee while you are alive. It’s important to note that the trust only controls assets registered in its name.

The primary purpose of a living trust is to safeguard your real estate and other assets, ensuring they are preserved for you and your beneficiaries. There are several reasons to call mobile notary services in Illinois and include a trust in your estate plan:

• Privacy:

Trusts are not generally part of the public record, keeping your estate matters private.

• Avoiding Probate:

Assets in a trust can bypass the probate process, saving time and costs.

• Estate Tax Benefits:

Trusts can help minimize estate taxes.

• Managing Lump Sum Inheritances:

Trusts provide structured inheritance for beneficiaries who may not be able to manage large sums responsibly.

• Providing for Minor Children:

Trusts can ensure that your children are cared for financially.

In certain situations, a living trust needs to be notarized to be legally binding. A notary verifies the identities of the parties involved, ensuring the trust’s authenticity. It’s important to ask for a professional notary in Illinois to understand when notarization is necessary.

Let’s make it official! If you need a notary for your living trust or any other legal and real estate documents, Lois Professional Notary Signer llc is here for you.

Lois offers professional notary services in Chicago, Illinois, to help you achieve your legal and financial goals with confidence and ease. Contact Lois Moore for all your notary needs.