Estate Lawyer in Oak Park
Cheap Chicago Divorce’s estate law services provide a wide range of financial security and peace of mind to those who are looking to protect and ensure the future prosperity of their assets. We work with individuals, families and business owners who are looking to connect with a smart estate planning vehicle that will reduce taxes, eliminate barriers to your wishes and distribute your wealth to the beneficiaries of your choice. Our services cover the following areas, but are not limited to:
- Wills and trusts
- Living trusts
- Estate planning
- Estate taxation
- Probate lawyer services
- Generation-skipping transfers
- Property power of attorney
Our commitment to understanding the unique details of your circumstances, and our ability to discover opportunities in law to save you time and money, is what sets us apart from the rest.
The Importance of Estate Planning
At the time of your death, friends and family members will be distressed enough without the added pressure of attempting to sort through your finances with no legal ground to do so, and no will or trust documents containing your final instructions. In these situations, it is possible for your assets to remain in probate indefinitely, inaccessible to executors and well-meaning heirs, despite their close relationship to you.
In addition to easing the burden on your loved ones, estate planning allows you to maximize the value of your assets, reduce the amount of taxation your holdings are subject to, and bind your final wishes in state and federal law. We’ll work with you to thoroughly understand the unique financial and legal circumstances you face, as well as your final wishes and plans. From there we’ll implement a customized estate plan that puts your goals first.
Understanding How Probate Affects Your Wishes
Probate is the period after your death in which titles belonging to you are turned into assets and released to your heirs and executors. The length of this period can vary by state and can last indefinitely if your will is contested after you have passed on.
The best way to ensure your wishes are carried out, and that probate does not affect your chosen beneficiaries, is to work with a qualified estate vehicle planner. We’ll ensure your wishes to bequest your wealth on future generations, charities and organizations are documented and ready to put into action, in a well laid will or trust.
What Is a Living Trust?
A living trust can benefit individuals in Oak Park in many ways, contributing to a streamlined transfer of assets post humorously. Many people establish living trusts as a means to protect those who are disabled, avoid probate, and to ensure inheritances are distributed as you intend, preventing any accidental disinheritances.
In some cases, a trust is set up to prohibit certain individuals from accessing your assets. Our friendly advisors can assist you in determining the right course of action, providing intelligent legal guidance that puts your wishes first.
Request more information on the top-rated estate law services we provide to clients like you, in Oak Park. Call us to arrange an appointment for a no-obligation consultation to secure your future financial plans today.