If you think you do not have sufficient assets to need an estate plan, you are mistaken: Estate planning is important for everyone.
If you are a person of average or modest means, it is arguably even more important to avoid probate and reduce the likelihood of expensive litigation. A well-thought-out estate plan allows your loved ones to focus on family and not legal matters. Plus, it ensures that your family will be protected and cared for in your eventual absence by maximizing the assets you are able to leave them.
Estate Planning And Trust Planning Services
Based in Geneva, Illinois, DLAW, PC, helps clients with estates of any size. The typical documents you may need in your estate plan include:
Power of attorney for health care
Power of attorney for property
A living will
A revocable trust
Depending on your circumstances and goals, I can help you draft other estate planning documents as well, including those related to special-needs planning and charitable giving.
If your estate is small and simple enough, you may be able to forgo a traditional estate plan for something more basic. Tools include:
A will-based plan with a testamentary trust (for people with minor children and modest assets)
Transfer-on-death instruments (allowing you to transfer ownership of property to beneficiaries automatically)
It is unavoidable, your assets will be distributed and family matters addressed when you pass on. You should be the one to take control and direct how they are distributed, and who will receive them.
Take Advantage Of A Free Initial Consultation
With an office in Geneva, DLAW, PC, serves clients in Kane County and surrounding areas. To discuss your case with an experienced estate planning lawyer, call me at 331-222-7978 or fill out this online contact form.