Chicago Trusts and Wills
Hi, my name is Tom Oloffson and I’m an estate planning attorney. I serve clients in the Chicago area. Thank you for visiting my website. I have something very special that I’d like to give you, but first I’d like to tell you a little bit about my practice.
What are you looking for when you review a trust?
When we are reviewing existing documents, particularly existing trust documents, we’re looking for three things. They’re easy to remember; the letters W I N. WIN remind us of what those three things are. The W stands for wrong. Is the trust written wrong? Is it clearly defective? Usually these things are written by lawyers and generally they’re not wrong. If you wrote it yourself or you cut it out of the back of a magazine or downloaded something off of the Internet, you really have to be careful that they’re not written wrong or incorrectly. So the W is for wrong. The I is for inconsistent. What you did twenty years ago may very well be inconsistent with what you want now. Your children are older. They may not need anybody to manage money for them. One of the children may have passed on. Things are different now. So your old trust may be inconsistent with what you want today. The N stands for new. And that reminds me to look for new laws. Things that we can do today we didn’t even consider before 2005. And if these are documents that I wrote back when I was a newer lawyer back in 1994. Incidentally I was never a young lawyer. I went to law school at age 30, but I think of myself as a new lawyer back then. So back in 1994 and 1992, the trusts that I wrote back then, really those things that we take for granted now were not available so the laws have changed and we can do new things. So wrong, inconsistent and new. Those are the three things we’re looking for when we’re looking at existing documents and trying to determine whether they are to our standards.
Now what I’d like you to do is go to my website and find out how you can get a free review of your existing trust documents to see if they come up to our standards. I can also arrange for you to get free access to twenty videos that answer your most often asked questions. They give you some guidance as to what you should be looking for. Now if you don’t have existing trust documents or you have a particular question that has been bothering you, you’re welcome to call my phone number which is 773-905-1193 and we’ll set up a complimentary consultation.
Chicago Living Trusts
The Law Offices of Tom Olofsson
9924 S. Walden Pkwy
Chicago, IL 60643
Chicago Trusts and Wills