Tag: Naperville estate planning lawyer
Steps to Take After a Loved One Dies
Posted on October 4, 2022
After a loved one dies, it can be difficult to know what steps to take. There is so much going on, and most people are not in the right mindset to be handling financial and estate matters after the death of a family member. Many people in this situation get overwhelmed and accidentally miss important steps. If someone close to you has recently passed away, make sure to address the following concerns. Tasks After a Family Member Passes Away If a very close friend, spouse, parent, sibling, or other loved […]
When Do You Need to Build or Change an Estate Plan?
Posted on July 27, 2021
Considering your own mortality is not enjoyable. While it may seem grim and burdensome to decide who should receive your belongings after you pass away, estate planning is essential to carrying out your final wishes and protecting your loved ones when you are gone. Estate planning allows you to provide a set of instructions that direct which assets will go to which individuals and when. Estate planning tools such as wills and trusts provide you the power of making the right choices for your situation. Your estate plans can also […]
Smart Estate Planning Moves for Complex Estates
Posted on July 6, 2021
A comprehensive estate plan allows you to provide for your family, reduce taxes, avoid family conflicts about inheritance, and leave a lasting legacy. There are nearly countless different legal tools to help you achieve your estate planning goals based on your unique situation. The types of estate planning tools you use will depend mainly on the type of property you own and the complexity of your estate. Individuals with complex estates will need to work with an experienced estate planning lawyer to build a robust estate plan that adequately addresses […]
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 […]
Naperville Estate Planning Attorney Offers Five Ways Your Will Can Become Obsolete
Posted on October 13, 2017
As you probably realize, a will often provides the foundation for a comprehensive estate plan. In some cases, a person’s will is the only instrument used to transfer his or her assets to heirs and beneficiaries. This is not uncommon, particularly among individuals with modest estates and few complex holdings. In my practice as an estate planning lawyer, I have helped hundreds, if not thousands, of clients draft and execute wills. I have also worked with many individuals in updating wills that have become outdated or obsolete. While a will […]
Naperville Estate Planning Lawyer Discusses Handwritten Wills
Posted on February 24, 2017
For most people, a last will and testament is one of the most important documents they will ever create. Your will is likely to contain provisions that dictate how your assets are to be divided among your chosen beneficiaries but may also include many other considerations. You can use your will to establish guardianships for your children and make arrangements for heirs who may not be capable of managing their own affairs. Your will is also likely to name an executor to manage your estate and to oversee the distribution […]
The Basics of Intestate Succession From a Naperville Estate Planning Lawyer
Posted on August 12, 2016
For many people, even beginning the conversation about estate planning can be difficult. It is not easy to confront the fact that you will not live forever and drafting a will, trust, and other estate planning documents forces you to look beyond the end of your life. As an estate planning attorney with decades of experience, I truly understand the challenges involved in the process, but I also recognize how crucial it is to have a plan in place. If you die without having executed a will, there is a […]
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