When setting up an estate plan in Illinois, many people believe that having a trust eliminates the need for a will. While a revocable living trust can help you avoid probate and manage your assets during your lifetime, a will is still a critical legal tool—even if you have a trust.
A “pour-over will” ensures that any assets not previously transferred into the trust are automatically moved into it upon your death. This prevents overlooked property from going through intestate succession, which could contradict your intentions. Additionally, a will allows you to name guardians for minor children, which a trust alone cannot do.
At The Ramsey Law Firm, we help Illinois residents create comprehensive estate plans tailored to their needs. Whether you're just starting your estate plan or updating an existing one, having both a trust and a will ensures full coverage and peace of mind.
Need help building a complete estate plan in Illinois? Contact The Ramsey Law Firm today to schedule a consultation.