Davenport Attorneys Helping to Establish Living/Revocable Trusts
At Schnell & Hancock, P.C., our Davenport and Rock Island lawyers understand the many complexities of trusts and how they can help people provide for their loved ones. We work closely with our clients to understand their goals and the circumstances of their individual situations so we can craft highly individualized estate planning solutions. Our focus is to educate our clients regarding the best options available for them and then to help them achieve their estate planning goals. Let us put our more than 40 years of combined experience to work for you.
Helping Avoid the Challenges of Probate
Many people are aware of the potential difficulties that can occur when an estate goes through the court-supervised probate process, such as:
- Court costs
- Delays in distribution of assets
- The public nature of the probate process
Finding an effective way to avoid those challenges is a top priority for many people as they begin working through their estate planning goals. Living/revocable trusts (also known as grantor trusts) can help people avoid probate, as well as provide other benefits, including:
- Ease of transition during life due to incapacity
- Proper identification and titling of all assets
A trust can be established upon a person’s death or while he or she is alive. A trust that is established and made effective during a person’s life is referred to as a living trust. Trusts can be revocable or irrevocable. A revocable trust allows the grantor to change and amend the provisions of the trust when desired.
Contact Our Lawyers to Find Out How a Revocable Trust Can Suit Your Needs
A living/revocable trust can be a valuable part of your estate plan. The attorneys of Schnell & Hancock, P.C., can help you understand the benefits these trusts provide and how to take advantage of them. To schedule an initial consultation, call 563-359-7112 or contact us online. From our Scott County offices, we provide legal representation throughout eastern Iowa and western Illinois.