Probate Law

How an Estate Planning Attorney Can Help You In Preparing Wills And Trusts

Estate Planning AttorneyThe right Estate Planning Attorney in Chicago Illinois will be able to help you with a number of issues including preparing wills and trusts, avoiding probate, ensuring that your assets are protected from creditors and protecting against inheritance taxes. These services are important for anyone who wishes to pass on their wealth in a way that meets their own needs and those of their family.

The first step is to find a lawyer who you are comfortable with. You can ask friends, family or co-workers for referrals. It is also a good idea to do some research online and read some of the client reviews that are available. You can also arrange to meet with a potential lawyer before signing anything.

It is important to find a lawyer who will listen and understand your needs as well as those of your loved ones. An experienced Chicago estate planning lawyer will be able to make recommendations based on your specific situation and explain how the different tools can be used to address those needs.

If you have children, it is important to have a will that names someone who you are comfortable with as guardian. This is essential because it will ensure that your children are well taken care of in the event of your death. This will prevent the court from deciding who will take care of your children and save your loved ones from an expensive and time-consuming dispute over their best interests.

You should also consider naming an executor who you feel comfortable having handle your estate. The executor is someone you trust to follow your wishes and distribute your assets in a way that is fair. This is important because a will without an executor can be challenged and deemed invalid.

A Chicago Estate Planning Attorney will also be able to help you with a variety of issues, such as drafting living wills and health care powers of attorney. These documents will help you ensure that your wishes regarding your health care are known and understood by medical professionals.

They will also be able to assist you with a variety of other concerns, such as settling your estate and distributing assets in the most tax-efficient manner possible. These services are essential for anyone who wants to pass on their wealth in a way to ensure that their loved ones receive it in the most efficient and tax-effective manner possible.

Having an Estate Planning Attorney in your corner will give you the peace of mind that comes with knowing your wishes will be carried out in the manner that you desire. It will also help you avoid complications, such as probate, that can be costly and confusing for your loved ones.

An Estate Planning Attorney in Chicago Illinois can also help you protect your assets from creditors in the event of a bankruptcy filing. This can be a particularly valuable service for people who are struggling financially and have significant debts.