Wills & Trusts
Secure Your Family’s Future with Confidence
Personalized Planning for Illinois Families
More than Just Documents – It’s About Peace of Mind
At Naumann & Associates, we help families in Elk Grove Village, Arlington Heights, Naperville, and surrounding Chicago suburbs create wills and trusts that reflect their unique needs. These tools ensure your wishes are carried out, your loved ones are cared for, and your assets are distributed without unnecessary delays or costs.
Understanding Wills and Trusts
Clarity in Every Step of the Process
A Last Will and Testament allows you to name beneficiaries, appoint guardians for minor children, and outline final wishes. A Trust can help avoid probate, provide for children at different life stages, or protect assets from unnecessary taxes or disputes. We explain each option in plain language so you can make informed decisions.
Key Services We Provide
Comprehensive Tools for Every Family Situation
Last Will & Testament
Define how your assets will be distributed and name guardians for children.
Revocable Living Trusts
Manage and transfer assets outside probate, offering privacy and efficiency.
Powers of Attorney
Designate trusted individuals to handle health care or financial matters if you’re unable to.
Advance Directives & Living Wills
Ensure your medical wishes are honored.
Specialized Trusts
Plan for unique needs, such as charitable giving or care for loved ones with disabilities.
What is the difference between a will and a trust?
A will is a legal document that outlines how your assets will be distributed and can designate guardians for minor children. A trust, on the other hand, allows assets to be transferred outside of probate, which can save time and provide greater privacy. Many families choose to use both, depending on their goals and financial situation. We’ll help you understand which option—or combination—is best for your needs.
Do I need both a will and a trust in Illinois?
Not everyone needs both, but many families benefit from having a will and a trust that work together. A will ensures your wishes are carried out, while a trust can help avoid probate and streamline the transfer of property. For example, if you own real estate in Elk Grove Village or Naperville, a trust may simplify passing that property to your children. We’ll help you create a plan that balances simplicity, cost, and peace of mind.
How often should I update my will or trust?
It’s wise to review your estate documents every few years, especially after major life changes like marriage, divorce, the birth of a child, or a significant change in assets. Even if nothing major has changed, updating your documents helps ensure they remain valid under current Illinois law. Many clients in Arlington Heights and Mount Prospect schedule a periodic review with us to keep everything current. Keeping your plan up to date is one of the best ways to protect your family.
Can a trust really help avoid probate?
Yes, trusts are one of the most effective ways to avoid probate in Illinois. Assets held in a properly drafted and funded trust transfer directly to beneficiaries without going through court. This process can save months of delays and reduce expenses, which is especially valuable when dealing with real estate or business interests. Our attorneys guide you through every step of setting up and maintaining a trust.
What happens if I die without a will in Illinois?
If you pass away without a valid will, Illinois intestacy laws determine who inherits your assets. This often means property is distributed according to a formula, which may not match your wishes. For example, spouses and children split assets under intestacy, which can create complications for blended families. Creating a will ensures your voice is heard and your loved ones are protected.