The best estate planning attorney will help you ensure your wishes are properly carried out and that your assets are protected after your death. This includes distributing your accumulated wealth, selecting a guardian for minor children and establishing a durable power of attorney to manage financial affairs. Estate planning also involves preparing for possible future healthcare needs and minimizing taxes and expenses.
Hiring the right lawyer can save you money, time and stress when it comes to drafting your estate plan. The attorneys listed on FindLaw’s site are experienced in estate planning, and each has the skills, knowledge and tools necessary to protect your family’s well-being.
Having an estate plan can prevent unnecessary expenses, delays and loss of privacy in the event of your death or incapacity. A qualified attorney can also ensure that your property is transferred in a tax-efficient manner and that your goals are met. In the case of incapacity, your attorney can establish a power of attorney and trust agreement to make financial and healthcare decisions on your behalf.
A comprehensive estate plan is important regardless of the size of your accumulated wealth. It’s also important for individuals who have minor children or heirs with special needs, since it will provide the framework to care for them long after you pass away.
An attorney will take the time to listen and understand your wants, needs and assets before creating an outline of your desired estate plan. Then they will work with you to execute the documents, and they may advise you on other issues such as avoiding probate and protecting assets from creditors.
You can be confident that your attorney will provide knowledgeable advice and assistance, as well as a comprehensive understanding of federal and state law. They will also be up to date on changing trust, estate and inheritance tax laws. The lawyers at Peck Ritchey, LLC have extensive experience in reducing exposure to these taxes, both upon death and during lifetime transfers, allowing you to maximize the benefits of your hard-earned savings.
A good estate planning attorney will take the time to explain the process of executing your plan, including its effects on beneficiaries and other parties. They will also address any concerns you have, and they can advise you of ways to reduce the amount of taxes payable. In addition, an experienced attorney can help you avoid costly errors that could result in your estate not being distributed as intended.
The city of Chicago is home to a vibrant legal community that offers a variety of experienced attorneys. The legal professionals have an outstanding reputation for excellence and are well-versed in various fields of law, including estate planning. The city’s lawyers are dedicated to helping their clients achieve their goals, and they will do everything in their power to help you create a lasting legacy for your loved ones. So, if you need an estate planning attorney in Chicago, look no further than the highly rated attorneys on this site.