I have been practicing law for 23 years. During that time I have helped over 1,700... more
I have been practicing law for 23 years. During that time I have helped over 1,700 families prepare their estate plans. In my law firm we focus on estate planning and estate administration.Ihave participated in over 250public seminars in eastern Iowa and western Illinois to educate the public on estate planning issues. I am licensed in both Iowa and Illinois. My law firm, Duffy La... view profile
DAVID PILLERS is a partner in the law firm of Pillers & Richmond. He received his... more
DAVID PILLERS is a partner in the law firm of Pillers & Richmond. He received his major in Economics and minor in Business from Valparaiso University, graduating in 1992, and received his law degree from Valparaiso University School of Law, graduating in 1998. Mr. Pillers maintains a full service practice but concentrates his practice in the areas of Estate Planning (Wills and Trusts), Probate... view profile
A trust is an arrangement whereby someone owns and manages money or property for another person's benefit. Like a guardianship, a trustee has decision-making authority over the trust property, but no court is involved in the trustee's action–the person who creates the trust defines the scope of the trustee's power. There are many different trust types, including probate trusts, income trusts, spendthrift trusts, and educational trusts. For example, a living trust allows you to manage your property while you are alive and to direct who will manage it if you become incapable of doing so. In essence, you choose your own “guardian” in advance and avoid having the court do it for you. A trust attorney reviews the many reasons for establishing a trust with you, and can ensure your trust will be legally valid.