Honorary Trust Lawyer
Chicagoland Estate planning and
Special Needs Trust Law Firm
Many families, unfortunately, disinherit a child with a disability, thinking that any extra assets in the child's name could lead to the discontinuance of or ineligibility for government assistance. Our firm has significant expertise in the use of Special or Supplemental Needs Trusts which hold these assets for the child, without causing discontinuance of or …
If you have a beloved pet you want to ensure is properly cared for after your death or you want to detail maintenance of cemetery plots, talk with a Chicago attorney who can set up an honorary trust for you. Through such trusts you can arrange for the care and maintenance of special places, rituals, or animal companions after you are gone.
With an honorary trust, you appoint a trustee to use the corpus of the trust for a designated purpose, such as the care and feeding of a pet or the care of a cemetery plot. Honorary trusts are not legal in every state, and where they are legal, the state law imposes rigid requirements and limitations. For example, in some states, an honorary trust can only be used to provide for pets and cemetery plots. Other states may allow the trust settler to create the trust to ensure rituals are followed, such as a mass being given according to specifications.
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