Core documents
Wills, revocable living trusts, Illinois statutory powers of attorney for property and for health care, and guardian designations for minor children.
Real estate in the plan
Deeding property into a trust, Illinois transfer on death instruments for residential property, Illinois land trusts, and coordination with mortgages, homeowner exemptions and title insurance so a transfer doesn't create new problems.
Protecting investment property
Rental owners often hold each property in a separate LLC, with appropriate insurance and clean records. The right structure depends on the property, the financing and the family's goals, and it's reviewed with your tax advisor.
Questions clients ask
Does a will avoid probate?
No. A will directs what happens through probate. Trusts and transfer on death instruments are the usual ways to pass real estate without a probate estate.