The act of drafting a legal agreement outlining your ultimate desires for your assets, money, family, and health care is known as estate planning. An estate plan lowers the possibility of family strife, guarantees that your assets are dispersed as you have specified, and saves money on taxes and legal bills. Furthermore, having a well-written estate plan can spare you from having to go through the expensive and time-consuming probate process when a loved one passes away.
A Chicago estate planning lawyer can assist you in developing a thorough plan that might make use of beneficiary designations, trusts, and other legal techniques intended to transfer assets outside of the probate system. This can save expenses, preserve privacy, and expedite the disposal of your assets considerably. Estate taxes are assessed based on the value of your possessions upon death, and a Chicago estate planning attorney can help you reduce these costs.
When you’re ready to locate a knowledgeable and skilled Chicago estate planning lawyer, start your search by looking up local lawyers. To choose the finest attorney for your needs, go through their profiles and evaluate their training, experience, client testimonials, and other details. Set up meetings with a minimum of three lawyers to talk over your case and assess each one’s level of experience and knowledge. Select an estate planning lawyer that you are at ease dealing with and who shares your aims.
With more than 30 years of experience, Wilson & Wilson Estate Planning and Elder Law LLC has assisted clients in creating guardianships, drafting trusts, powers of authority for healthcare, and estate planning. Their legal team can handle tax, litigation, and probate cases and is committed to assisting families in safeguarding the financial and personal interests of their departed loved ones.
A Chicago, Illinois estate planning lawyer may assist you in drafting a will and other legal documents to safeguard your assets and make arrangements for the upbringing of your spouse, kids, and pets after your passing. They can also assist you in creating durable powers of attorney and living trusts to prepare for future incapacity. They can also offer you advice on ways to lower your estate taxes. You can also get assistance with the lengthy and intricate probate process from an experienced Chicago estate planning lawyer.
A mid-level private wealth associate attorney with at least 10 years of experience is needed by a boutique law firm in Chicago. The business specializes in complex estate and tax planning, trust and estate administration, strategies for charitable giving, and family office services for high-net-worth clients. The legal practice has an outstanding reputation for offering families, individuals, and C-suite executives exceptional client care and has been Lead Counsel Verified.
Since 1982, Tuohy Law Offices has provided legal services to customers in the Chicago region. The legal practice focuses on tax issues, real estate, family business planning, trust and estate administration, and entrepreneurship. Many states have granted their attorneys licenses, and SuperLawyers, Wealth Counsel, ElderCounsel, Advisors Forum, and the Leading Lawyer Network have all honored them for their achievements. They are dedicated to upholding the 1919 heritage of service and providing their clients with honest and reliable assistance.