Estate Planning Attorney – Plano, IL
Estate planning eliminates uncertainties in the future and maximizes the value of your estate by reducing expenses such as taxes. Estate planning includes the creation of a trust to financially protect loved ones, creation of a Will for the distribution of your property, and creating lifelong plans that will keep you and your loved ones secure. It is important to have a basic estate plan in place, no matter what your net worth is.
Your specific goals and needs are what will make up the ultimate goal of your estate plan. Setting up a legally enforceable arrangement is important in order to take care of a loved one who for instance, can no longer take care of their own duties and affairs. We can also prepare Powers of Attorney for healthcare and property.
Wills & Trusts
A trust is an arrangement that allows a trustee (i.e. third party) to hold assets on behalf of a beneficiary(s). The arrangement of a trust varies and can be done in many ways according to your specific wishes.
Other trust benefits include Safeguarding wealth, privacy, probate savings, and protection.
A will is a legal document that states your specific wishes regarding the distribution of your property and the care of any minor children.
A will allows you to decide how your special belongings such as cars, businesses, or investments should be distributed. A will allows you to provide to your minor children, giving them access to your assets. You may wish to even direct your assets to a charity of your choice, if that is what your will states.
Powers of Attorney
This is a written authorization to act on another’s behalf in business, private affairs, or several other legal matters. The principal/grantor/donor is the person authorizing the other to act. The agent is the one authorized to act.
How We Can Help
We are here to listen to your goals and needs in order to thoroughly create a plan that will ensure security for the future. An experienced attorney can help you arrange for the disposal of your estate throughout your life. Let us make your future estate goals become reality by contacting us today for a free consultation.