LAW OFFICES OF THEODORE LONDON

Estate Planning Made Easy – That’s London Ted London, Attorney, Speaker, Radio Personality, is passionate that families avoid the probate courts through living trusts.   Our practice is concentrated on Land Trusts, Living Trusts, and Legal Services for Chicagoland clients.   This is Presently Only Likely in Illinois, Missouri, and Wisconsin.   We have had as Clients People, Churches and Non-profit Organizations, Business Owners, Investors, and Retired Teachers and Business Owners.  We Also Have Had The Honor of Helping Entertainers’ Families. When the original owner is the property owner, he generally has the right to direct. The trustee can be guided by this individual in all matters related to the real property. The beneficial interest in the property and the ability to direct the trustee are typically retained by the original owner. After the first beneficiary dies, the contingent beneficiary will be designated by him or her and inherit all the property. The transfer is NOT subject to court oversight. A contingent beneficiary may be any natural person, entity, or real property. The beneficiary can identify who the contingent beneficiaries will be, but the beneficiary is free to change or revoke the contingent beneficiary at any time. Beneficiaries don’t have to worry about their beneficial interests or control of the real estate during their lives. A contingent beneficiary does not inherit any property interest until he or she dies.

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