Choosing a Good Estate Planning AttorneyChoosing a Good Estate Planning Attorney
A qualified estate planning lawyer can help you plan for and protect your assets in case of death or disability. They can also assist you in preserving your privacy and making the transition of your possessions easier.
Your estate should be a true reflection of your goals, values, and priorities for your family. An estate planning attorney can help you to create a legal document that documents your wishes and ensures that they are carried out.
Whether you have a complex financial situation or simply want to ensure your loved ones are taken care of after you pass away, an estate plan is important. The right plan can make it easier to transfer your property and assets to your intended beneficiaries.
When you work with an experienced probate lawyer in Chicago, they will take the time to understand your goals and needs so they can develop an effective estate plan that addresses your specific circumstances.
They will also consider the tax implications of transferring your assets and how these can affect your beneficiaries. Having an effective plan in place can minimize the impact of estate taxes and reduce your tax liability.
The most common legal documents that estate planning attorneys draft are a last will and testament, a living trust, power of attorney for property, power of attorney for health care and beneficiary designations. These documents all work together to provide a unified approach to estate planning and allow you to express your wishes in one convenient package.
Having a will allows you to direct where your property should be distributed upon your death and designate a guardian for minor or disabled children. It can also help to reduce the need for probate and avoid estate taxes.
An estate planning lawyer can also assist you in setting up trusts to ensure that your children are properly cared for if you die young or in an accident. Trusts can also help to safeguard your assets and protect them from creditors and predators.
Many people do not think about estate planning until they are older, but it is never too late to get started. It is best to consult with a knowledgeable Chicago estate planning attorney as early as possible so that you can start to put the necessary steps in place to protect your property and assets.
If you are interested in learning more about how an estate plan can benefit you, contact our team today. Our lawyers have years of experience helping clients in all kinds of estate matters, from basic wills and living trusts to complex financial instruments and advanced tax strategies.
We offer a free consultation to answer any of your questions or concerns about how an estate plan can help you and your loved ones. To schedule an appointment with us, call our office at 847-448-5433 or email us today.
Our firm provides comprehensive and compassionate guidance to clients throughout Chicago, Illinois. We have successfully helped many of our clients to protect their families and their assets.
The next step in executing a Will is to hire a probate lawyer. Although there is no official government required protocol, hiring a probate lawyer is advisable if you have never used this process before and you are unsure of how the entire legal process works. Your probate proceeding lawyer will review your Will and file all necessary paperwork and appear at the initial court proceeding to represent you.