If you are stressed out by the idea of planning what will happen to your estate after death, let the Bolingbrook estate planning attorneys at Wolfe & Stec, Ltd. take care of it for you. It’s human nature not to want to even think about death, but estate planning is an essential part of life for anyone who wants to ensure that their wishes are properly carried out and their family is secure.
Our Bolingbrook estate planning attorneys can help you put legally solid estate plans in place by:
The Bolingbrook estate attorneys at Wolfe & Stec will address all of your estate planning concerns and ensure that your interests and those of your beneficiaries are protected. We offer a free consultation to discuss what works best for you, so call us today at (630) 305-0222.
Your essential documents are needed to spell out what you want done with your assets in advance, as well as your end-of-life wishes should you become incapacitated. By planning now, you can ensure that property will be distributed promptly and according to personal wishes.
If you die without a will or trust, your assets will be divided according to Illinois intestacy laws, regardless of what you may have wanted. This generally means:
If the above is not what you want, or if you have a situation such as the desire to disinherit a child or to provide extra care for a disabled one, you need the right forms and documents to ensure that your wishes are carried out. These include:
All documents have to be done properly, and some require witnesses and notarized signatures. Do not be caught unprepared should something unexpected happen and you wind up unable to let your decisions be known. Our estate planning lawyers in Bolingbrook will examine your individual needs and handle all your estate planning matters.
Call Wolfe & Stec today at (630) 305-0222 to get started.
Probate is a court proceeding which gives your executor authority to pay your bills and transfer your assets, but it can be expensive and time-consuming in Illinois and should often be avoided. A trust designates a trustee to hold legal title to property for your beneficiaries and avoids the probate process. Not everyone needs a trust, however. Heirs of people with no real estate and an estate valued under $100,000 are allowed by Illinois state statutes to file a small-estate affidavit to claim an estate without probate.
If your circumstances warrant a trust, you have two options:
Here are some common questions and concerns that our Bolingbrook estate planning attorneys frequently address:
While it is possible to write your own will, Illinois estate laws are complicated, and if you make mistakes, your will or trust will be open to challenges and litigation. When you get legal help from Wolfe & Stec, our attorneys will prepare documents that are legally correct and ensure that your intentions are clearly spelled out so that those you want to inherit your assets and property actually do.
If litigation is brought and your will or trust is successfully contested, your final wishes will not be carried out. The most common reasons that wills and trusts can be contested include:
If your circumstances change — such as due to the divorce or death of a primary beneficiary — you must update your estate plan to reflect the new situation, perhaps by naming new beneficiaries and executors. If you fail to do so, your assets could be distributed in ways you do not want, including to your ex-spouse.
A guardian may be appointed by the court in cases such as if you become incapacitated without having someone named in a durable power of attorney. Guardians manage and make decisions about your healthcare, finances, living arrangements and other matters that may arise. The durable powers of attorney we prepare designate the trusted individuals you want to make decisions for you.
Don’t take chances with your family’s future. Get the help of a skilled Bolingbrook estate planning attorney from Wolfe & Stec to take care of your estate planning issues today. We have the extensive experience needed to ensure that your estate plans are legally sound. You don’t want to end up in a situation where you don’t have control of your end-of-life decisions or who gets your hard-earned assets and property.
Our Bolingbrook estate planning attorneys will make sure the intent of your will, trust or other document is made clear and preserved to prevent challenges or problems in any area. Call Wolfe & Stec today to schedule a free consultation at (630) 305-0222. We look forward to helping protect your estate and your family’s future.