Estate planning is the process of developing the right mix of legal instruments needed to achieve your goals. Palley Law Office will help you explore the options, develop your ideas, and translate that into a plan of action with the right mix of wills, trusts, property titling, and automatic transfers.
Estate planning is the process of preparing written, legally valid guidance for your family, executors, friends, and others for what comes after death or when you're no longer able to handle your affairs or tell others what you want. An estate planner looks at the right mix of documents relevant to your particular situation: will, trust, powers of attorney, titling of assets, beneficiary designations and others.
The purpose of estate planning is to look at your particular situation and to draft and sign the documents needed to carry out a plan crafted to your unique circumstances. Documents may include the following:
The best time to plan your estate is in advance. You should see your estate planner and revisit the plan on a regular basis every few years or when a life event happens, for example, the birth or death of a beneficiary.
Persons aged 18 and older can all benefit from an estate plan. Wills and trusts are not just for older persons.
The need for estate plans for unmarried couples, LGBTQ or straight, is acute. Without a will leaving assets to your partner, and absent marriage or civil union, your surviving partner receives nothing under Illinois intestacy laws. Important to know is that, under Illinois law, couples who in the past formed registered domestic partnerships are not considered in a civil union or marriage. Palley Law Office urges unmarried couples to seek its assistance in developing an estate plan at the earliest possible date.
Palley Law Office helps you plan for the future to protect your assets. Palley Law Office will guide you through the estate planning process, wills and trusts, to ensure that the right mix of strategies are used to accomplish your goals.
53 West Jackson Boulevard, Chicago, IL, USA
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Copyright © 2024 Palley Law Office - All Rights Reserved. Please note that information provided on this website is for educational purposes only and is not intended to, nor should you infer it to, constitute legal advice. You should you not infer any attorney-client relationship until a letter of engagement is signed between us.
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