Tag: living will
When Should Advance Directives Be Included in an Estate Plan?
Posted on December 20, 2023
Regardless of your age, it is important to have an estate plan in place to ensure that your financial and personal matters will be handled correctly in the future. However, while you may understand the importance of making decisions about the distribution of your assets to your beneficiaries through testamentary planning, you may not be aware of the importance of incapacity planning. Testamentary planning focuses on asset distribution after a person’s death, while incapacity planning addresses the possibility of being unable to make decisions due to illness or injury. Advance […]
Do I Need a Living Will in My Estate Plan?
Posted on July 12, 2023
Addressing issues related to your estate is an essential and responsible step you can take to ensure that your wishes will be honored after you pass away. However, your estate plan can also address your health care wishes prior to your death. When making decisions about incapacity planning, you may use several different types of legal documents, including a living will. By understanding what exactly a living will does, you can make sure you follow the proper procedures to address end-of-life care. What Is a Living Will? A living will […]
What Does a Comprehensive Estate Plan Protect?
Posted on July 13, 2021
Most people have a vague idea of why it is important to have a last will and testament. However, few recognize just how wide-reaching a comprehensive estate plan can be. A comprehensive estate plan contains much more than a will. By utilizing a combination of different estate planning instruments, you can address not only inheritance concerns but also how medical and financial decisions should be made if you are incapacitated, who should care for minor children if you die, and other critical matters. Most importantly, an estate plan protects your […]
Estate Planning Means More Than Just Drafting a Will
Posted on February 11, 2021
When some people hear the terms “estate plan,” “wills”, “trusts,” or “end-of-life planning,” their eyes glaze over. The subject of estate planning can be overwhelming because it is a multifaceted topic which covers many aspects of financial and healthcare planning, but also because it is often uncomfortable to talk about what will happen after you pass away. However, having an estate plan in place gives you control over the distribution of your assets, your legacy wishes, and could even help you pay less in taxes, fees, and court costs. As […]
Preparing for the Unexpected: Living Wills and Death-Delaying Procedures
Posted on January 14, 2021
The law in Illinois expressly recognizes the rights of its citizens to make their own decisions regarding the medical care they wish to receive, even after the diagnosis or acquisition of a terminal condition. According to the law, a person may choose to have death-delaying procedures withheld or withdrawn in accordance with his or her own personal desires, regardless of his or her ability to make such decisions in the moment. To address these types of concerns, many individuals will utilize a living will to formalize their wishes regarding death-delaying […]
What You Should Know About the Power of Attorney for Health Care and Living Wills
Posted on November 25, 2020
It is easy to think that estate planning primarily addresses how to divide your property and provide for your loved ones in the event of your death. However, a significant portion of the estate planning process can be dedicated to ensuring that you are properly cared for while you are alive. As an experienced estate planning attorney, I am regularly asked about some of the various tools that can be used to specify a person’s wishes regarding medical care and health decisions. There are several options from which to choose, […]
How to Write a Last Will and Testament in Illinois
Posted on October 22, 2013
“When an older man or woman passes away, usually he or she has a last will and testament, usually or just a will. All people above the age of 18, though, should have a will that can be updated when necessary. It is important for everyone to know how to write a will and what to put write in it. Even if a person does not have many belongings or money, a will can state what is to be done with a persons property and how that person wishes to […]
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