Estate Planning, Trust and Probate Law
Why do I need Estate Planning? I am not rich!
Estate planning is not only for wealthy individuals. Most people have a greater net worth than they realize – equity in family property, retirement funds, life insurance policies, etc. Without a will, your assets will be distributed according to the State of Illinois rules, also known as intestacy. The State may not pass your assets to the people you care about most. You should be sure by leaving a document that leaves no question regarding your wishes.
An estate plan covers far more than your assets and possession. It s a set of documents that expresses your wishes and guides family members (a) should you die; or (b) if you become incapacitated by illness, accident or mental infirmity. Our attorneys will guide you through all these important considerations:
- A will to declare who inherits your assets and manages your business and financial affairs
- Trusts to preserve assets and pass them to your heirs with the least hassle and taxes
- Supplemental Needs Trust to protect family assets for disabled beneficiaries, while keeping their eligibility for public benefits
- Powers of attorney to manage your personal affairs, if you cannot
- Health care power of attorney and living will for medical and life support decisions
- Guardianship of minor children or vulnerable adults
- Assisted living or nursing home planning to pay for long-term care
Our attorneys will schedule annual meetings with you to review your documents to ensure they are up to date with our wishes.
Contact us today and schedule your free consultation to discuss creating a will or updating your current documents if your circumstances have changed. We will make in-home visits for mobility challenged clients.