What is Estate Planning?
Estate Planning: Our attorneys are pleased to offer legal expertise in all aspects of planning for a client's future and the futures of the ones they love, by working with them to create Trusts, Wills, Living Wills, Durable Powers of Attorney, and other planning vehicles appropriate to their circumstances. Our attorneys understand that every client's most important estate planning goals are to ensure that his or her personal matters and financial affairs are handled appropriately, efficiently and economically upon his or her death or disability. Goals common to most clients include minimizing expense, avoiding delay in use of funds, loss of privacy and loss of control, while maximizing protection of assets and ease of administration. We assist clients in determining their goals and objectives and provide them with customized estate plans that are designed to protect them and their families while also making certain that their desires and objectives are reflected within the plan. Our attorneys explain the various estate planning tools and devices as well as the benefits of a carefully conceived estate plan in "plain English," making sure that our clients are comfortable with the services they are receiving and that they understand both the actual documents and the purpose of each document used to implement their goals. Our experience and expertise often enable our clients to reduce or eliminate estate, gift and inheritance taxes and to avoid probate. We strive to develop lifelong relationships with our clients to ensure that their estate plans are reviewed on a regular basis and to make certain that the plan remains consistent with their changing financial and personal circumstances as well as changes in the law.
Who Can Benefit From an Estate Plan?
An estate plan can benefit a wide range of individuals, regardless of their financial status or family situation. Anyone who wishes to ensure that their assets are distributed according to their wishes, rather than leaving it to chance or state laws, can gain from having a well-structured estate plan. This includes individuals with significant assets who want to minimize estate taxes and protect their wealth, as well as those with modest means who seek to provide for their loved ones or address specific needs, such as minor children or dependents with special needs. Estate planning is also crucial for individuals who want to designate guardians for their children, establish trusts to manage their affairs, or outline healthcare decisions in the event of incapacitation. By planning ahead, individuals can ensure that their intentions are honored, their loved ones are cared for, and potential disputes are minimized, providing peace of mind and security for both themselves and their beneficiaries.
How an Estate Plan Can Benefit You
An estate plan can offer numerous benefits, providing both practical and emotional security. It ensures that your assets are distributed according to your wishes, reducing the likelihood of disputes among heirs and minimizing the burden on your loved ones. By establishing clear directives, such as creating a will or setting up trusts, you can control how your estate is managed and avoid the lengthy and costly probate process. An estate plan also allows you to make important decisions in advance, such as appointing guardians for minor children, designating healthcare proxies, and outlining your preferences for medical treatment if you become incapacitated. Additionally, effective estate planning can help minimize estate taxes and protect your assets from creditors, ensuring that more of your wealth is preserved for your beneficiaries. Overall, an estate plan provides peace of mind, knowing that your affairs are in order and your loved ones are provided for according to your specific desires.
Contact Us Today
Phone: 1 (847)-714-1000
Location: ​ 100 Village Green, Lincolnshire, IL 60069
Hours:​​​
Monday 8:00 AM - 5:00 PM
Tuesday 8:00 AM - 5:00 PM
Wednesday 8:00 AM - 5:00 PM
Thursday 8:00 AM - 5:00 PM
Friday 8:00 AM - 5:00 PM
​
​