With substantial experience assisting clients with their estate planning needs, we make sure our clients wishes are correctly executed. Everyone should look into a plan for their future. Planning now for your future will allow you to have a peace of mind knowing all of your wishes and assets will be taken care of. Having the appropriate estate planning documents properly prepared and executed will:
We want you to rest assured knowing your wishes will be taken care of and the proper individuals will be appointed to manage and make important decisions. We understand that it can be extremely difficult to speak about these things, and we are here to simplify the process of preparing estate planning documents so you can take care of yourself, other individuals and family and your estate the way you would like. Give our law firm a call to discuss your estate planning needs and any questions that you may have. We represent clients with their estate planning needs in the Chicagoland area including Cook County, DuPage County, Will County and Kane County.
Everyone should have a Last Will & Testament and a Living Will executed so it gives them a peace of mind knowing that their family, property, assets, and healthcare decisions will be taken care of. A Last Will & Testament is a legal document that provides for the distribution of your property and assets upon death and appoints an executor to manage your estate. You can appoint more than one executor at the same time should you wish. Or you can appoint successor executors just in case the primary successor decides not to manage your estate. In addition, you can appoint a legal guardian for your children as well on your Last Will & Testament. A Living Will allows you to convey your wishes regarding life-sustaining treatment and who you want making certain medical decisions during those times. In a living will, you can decide if you want to be resuscitated should you stop breathing. As you can see, having these types of wishes conveyed is extremely important and there are several other reasons why a will should be executed. Give us a call so we can discuss with you all the benefits of drafting a will for you.
You can think of a Trust as a legal entity you create to manage all of your assets. A trust can be created with you managing it as trustee or with someone else as co-trustee such as your spouse. You can use a trust as a way to manage all of your assets while you are alive or after you pass away. A trust will:
There are plenty more other advantages for creating a trust. Everyone has their own unique situation and discussing whether a trust makes sense with an estate planning attorney will need to occur. As an experienced Chicago estate planning lawyer, we will discuss that with you.
A trust can be drafted and executed while you are alive or have it gone into effect upon your passing. A trust can also take care of all of the assets and property not named in a will. There are various types of trusts, and each serves its own specific purpose and has its own benefits. Some types of trusts are as follows:
Sometimes, emergencies occur, and Powers of Attorney forms need to be completed. We can assist to get your Powers of Attorney forms executed in times of an emergency. Powers of Attorney forms do not need to be executed in times of emergency only. They can be executed during the time you execute your Will and/or Trust or well before any drastic life event occurs. There are two types of Powers of Attorney forms that our firm will assist you with.
You do not want to wait too long before executing your Powers of Attorney forms. Once you are deemed incapacitated, then it is too late and the process to decide who will manage your affairs will have to go through the court system in which you will have no control over. As an experienced Chicago estate planning lawyer, we will help you with your powers of attorney forms.
Transferring real property like your home is an important part of estate planning as your conveyance can help avoid probate. For instance, our law firm can assist you in executing a Transfer on Death Instrument for your home. A Transfer on Death Instrument (TODI) allows you to convey your wishes as to how you would like your home to be passed upon your death. It allows your named beneficiaries to inherit your home upon death. You get to name who you want inheriting your ownership in your home upon your passing. With a transfer on death instrument recorded with the county, the deed will be honored as long as it is valid and recorded properly. That is why it is significant to have an estate planning lawyer prepare this important document as well as recording it properly. The transfer on death document will avoid your heirs to having to go through probate to inherit the home. The best part is that you still get to own and enjoy ownership of your home during your lifetime even after recording the document. Often times, the home is the most valuable asset that one has and if the home is not accounted for as far as conveyance, then probate will most likely have to be opened to account for the transfer of the home. The transfer on death instrument can avoid that. Additionally, there are other types of deeds that can help you with your estate plan that we are more than likely to discuss with you.
As an experienced Chicago estate planning attorney, our job is to ensure that your estate planning goals are met and that you will have the peace of mind that you deserve regarding your estate, property, assets, and important life decisions. Estate planning law is complex, but we are here to provide you the best, possible plan for your wishes. In addition, there are a lot of considerations that will need to be taken into account such as tax and probate implications. Don't make important estate planning decisions on your own without experienced expertise. Make sure you have an experienced, Chicago estate planning attorney like us to assist you make these decisions. We are an experienced estate planning attorney. Contact us or give us a call to discuss your estate planning questions, needs, or thoughts.
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