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Wills and
Estate Planning
This area is also
considered to be a transaction type of legal matter. We have a will
information form which starts the whole process. Return the form and
we can discuss exactly what type of document you need.
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Most people can
solve their estate planning with a will. The purpose of a will is to
dispose of property by naming a beneficiary for the property. The
second, and for many people, the most important reason to have a
will is to provide a guardian for a child or children. The number
one reason most people never do a will is that they cannot agree on
who to name as a guardian. If you
want to discuss this further and have your assets reviewed to make
sure that they specifically will go to the people you have named
then please call or email for an
appointment.
| Powers of
Attorney
Illinois provides for
people who wish to name people to make important decisions for them when
something happens and the person is incapable of making a decision. This
can be a serious illness or just being out of the state/country for an
extended period. There are various types of Powers of Attorney and we are
always happy to discuss this with you further.
Trusts and other Estate
Planning
This is one of the
most complex areas of the law. Tax laws and just general trust law make
this a very intricate aspect to learn. This does not mean that the
issues are difficult to understand, just that the professional you hire to
prepare these documents needs to make sure you understand exactly how this
document will work for you.
Trusts
come in so many types that the one which is right for each person
completely depends on the person and the person's financial situation.
Also, there are other estate planning devices which can be used instead of
a trust or in conjunction with a trust to add to the disposal of assets
when the matter involves different types of assets. We find trusts and
trust-like devices common in family businesses, multiple real estate
holdings, and estates valued above $300,000.00. These types of documents
require a significant amount of customized detail and time to do
well.
If you have further
questions or are interested in this type of planning, then we request at
least one initial meeting discuss the matter further. Fees and other costs
can be discussed at that time. Call
or email for more details.
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