Revocable Trusts

Trusts provide a viable way for individuals to pass on their assets after their death. One of the decisions involved in creating a trust is deciding whether a revocable, or living, trust is the right option for you. Revocable trusts are legal documents that are drafted while a grantor is still alive and can be altered over time if needed. Many individuals find that this is the best way to distribute their assets after death.

Benefits of a Revocable Trust

A living, revocable trust provides a number of benefits, including:

  • Avoids probate, meaning faster distribution of assets to your beneficiaries.
  • Potential financial savings.
  • While the provisions of a will are made public after death, a living trust is kept secret, ensuring more privacy.
  • You have the ability to appoint someone to take over the distribution over your assets should you become incapacitated.
  • You are able to change the trust as needed.

A trust is often one of the most important documents a person can draft to ensure that their beneficiaries are given the proper assets after their death. Whether you choose to create a revocable trust or another type of trust, drafting such essential documents can be difficult and time-consuming. Having the help of an experienced attorney throughout the process of writing a trust can ease the process and be an invaluable asset.

Contact a Trust Attorney in Chicago

If you or a loved one is considering beginning the process of writing a trust, the Chicago legal team at Peck Ritchey, LLC, is ready to give you the legal advice you need. Call our offices today at (855) 328-5787 to learn more.


Attorney Kyle Fahey handled our matter with skill and professionalism, and was always responsive. 10/10, would work with him and the firm again.

–Jon T.

The peace of mind that Peck Ricthey's office has given me is worth every penny. The services they provided me and my family in an emergency medical situation is beyond outstanding. Last minute notice, Peter Brady and team were compassionate, understanding and most importantly efficient and got the job done. Look no further if you have any needs that this office can provide for you. Definitely in good hands! Thank you, a thousand times over for all of your help.

–Christine K.

Very responsive and knowledgeable at handling our brother’s estate. Would definitely recommend!

–Ralph C.

I solicited Peck Ritchey, LLC for assistance with a living trust for which I became the beneficiary. I needed assistance with understanding the details of how it all worked. However, I was especially concerned because there were threats of allegations made by family members and a lawsuit was filed against me. I needed a solid professional who had my best interests in mind. Peter Brady took my case and he managed it flawlessly. He explained everything in a way I could understand, he knew the law inside and out, he was always available to answer questions, and even offer support when things seemed like they could become extremely problematic. In addition to this, he had a plan. He navigated the course as if he already knew the next move by the opposing attorney. He made me feel like everything was in control and that’s because he knew exactly what he was doing and he consulted with me about everything. We ended up settling out of court and ultimately the court officially dismissed the lawsuit. I honestly believe if it wasn’t for Peter and his expertise this could have gone in an entirely different direction. Peter did a stellar job and I couldn’t be more pleased and impressed with his performance.

–John T.

Tim Ritchey is as smart, honest, and genuine as they come. He truly puts helping people above making money. If you have a need, don’t hesitate to hire him.

–Jay T.

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