A well-crafted will is the core of your estate plan. Palley Law Office will help you identify which assets pass through your will, and which don't, with the goal to make distribution of assets as seamless as possible to the family and friends you love most.
A will is a written document in which you name persons to inherit your assets, and an executor to administer the estate and distribute assets to beneficiaries. A legal will is one that stands up to the probate process in accordance with your wishes.
A will allows you to:
A will does not allow you to distribute certain property known as non-probate property. Examples include jointly titled real estate, and life insurance or retirement plan benefits payable to a named beneficiary of the policy or plan. Good wills and estates planning looks at how best to handle non-probate assets.
Without a will your property passes to heirs by intestate (without a will) succession law. Intestate succession is the state legislature's best guess at what the average person wants, and, like all one-size-fits-all plans may not be right for you. Every well-crafted estate plan includes a will. The Palley Law Office understands how to draft a will appropriate to your estate plan, whether a simple will or a revocable trust with a pour-over will.
Persons aged 18 and over should have a will. Wills and estates planning is for adults of any age.
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. The office provides counsel to ensure that your will is properly drafted, signed, and witnessed. The Palley Law Office listens intently to what you say to achieve the result you want. You can be sure your document is a valid legal will.
53 West Jackson Boulevard, Chicago, IL, USA
Open today | 09:00 – 17:00 |
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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