Wills, Trusts, Probate & Estate Planning Law
Rolling Meadows Estate Planning Lawyers
You’ve worked hard your whole life to provide for your loved ones. Make sure they are provided for with sound estate planning. Schedule an appointment with an experienced Illinois estate planning attorney.
There are many benefits to a well-crafted estate plan, including:
- Avoiding Guardianship & Probate courts
- Reducing probate costs by using independent probate when probate is required
- Eliminating the bond fee in probate when probate is required
- Naming beneficiaries outside of the statutory scheme
- Naming the executor
- Detailing the role of the executor
- Detailing burial or final disposition requests
- Naming the guardians of children who are minors
- Providing for contingent beneficiaries/guardians and executors
Creating a will or trust requires the assistance of a knowledgeable attorney who can help you avoid unintended consequences. When it comes to drafting yours, work with an attorney you can depend on and someone who has the extensive knowledge and experience you need as you do some very important planning.
Call Waltz, Palmer & Dawson today at 847-253-8800. Serving Arlington Heights, Mt. Prospect, Palatine, Schaumburg, Northbrook, Deerfield, Elk Grove, Barrington and the surrounding areas
Most people think of a will as a document important only when someone has passed away. In reality, it is highly useful to sort out complex details well before death in order to provide clarification for your loved ones. A living will can also provide instructions to family members about how to handle specific end-of-life situations.
Under Illinois law, in order for a written will to be valid, it must:
- Be written by a person who is in an appropriate mental state and not under undue influence or duress
- Be witnessed by someone who is at least 18 years of age and will not benefit from the estate.
Get the information and advice you need from an experienced trust planning attorney
A trust is a legal entity that can own or control assets, usually created as part of an estate plan aimed at protecting assets.
The person in charge of the actions of a trust is known as the trustee and the person who establishes the trust is called the settler or trustor. The person who the assets will benefit is known as the beneficiary of the trust. A trust generally benefits one or more lifetime beneficiaries and one or more after-death beneficiaries.
At Waltz, Palmer & Dawson, we ensure that your will or trust addresses your priorities and is executed appropriately. Our highly qualified lawyers will work with you and your family to ensure that there are no misunderstandings and that your wishes will be carried out as you see fit.
For more information on Illinois estate planning please visit our other pages:
- Health Care Planning
- Estate Planning FAQs
- Estate Planning FAQ – What to bring?
- Estate Planning FAQ – Gifting
- Estate Planning FAQ – Life Insurance
- Estate Planning FAQ – Protect minor children
- Estate Planning FAQ – What is an Estate?
- Estate Planning FAQ – Imminent Death
- Wills and Probate
- Estate Planning FAQ – Is Probate Required?
- Estate Planning FAQ – Preparing for Initial Meeting
- Estate Planning FAQ – Personal Mission Statement
- Estate Planning FAQ – Revising an Estate Plan
- Planning For Long Term Care
- The Power of Attorney for Property
- Some Things In Life Are a Shock
- Misconceptions Affecting Assets After Death
- Estate Planning in the Springtime of Your Life
- Estate Planning in the Summer of Your Life
- Estate Planning in the Autumn of Your Life
- Estate Planning In the Winter of Our Lives
Don’t leave anything to chance. Call the Estate planning attorneys at Waltz, Palmer & Dawson today at 847-253-8800.