Chicago, IL Estate Planning

Chicago, IL Estate Planning

Chicago, IL Estate Planning

Some lawyers provide Chicago, IL estate planning services as part of a larger variety of services. Packages prepared by such attorneys rarely address the full breadth of issues or tax consequences that a person or family may face.

A dedicated Chicago estate planning attorney understands the disastrous consequences that inadequate or generic estate documents can have on a family. Chris Dwyer, an experienced and dedicated Chicago estate planning lawyer, can work with you and your family to make sure that your estate planning instruments meet your specific needs.

Common estate planning instruments

Chicago estate planning attorneys can help you protect the assets that make up your estate using several common instruments and techniques.

Wills

If you do not have a will to define your wishes regarding your estate after you passing, the government may make decisions about the distribution of your wealth with little or no input form your family. Wills are particularly essential if you have minor children or any kind of non-traditional family arrangement.

Living trusts

This is simply a trust you create with the help of an estate planning attorney in Chicago while you are still alive. It helps your family avoid probate litigation after your passing, as it lets your property pass pursuant to the terms of the trust, rather than your will.

Living trusts are particularly applicable for many people:

Facing disabilities

Owning property in other states

Handling important privacy issues

Powers of attorney

Such documents appoint an agent to legally manage your legal or business affairs after your passing. It can specify general power of attorney or power of attorney specific to particular aspect of your estate. Durable power of attorney remains effective if you are disabled or incapacitated. Experienced estate planning attorneys in Chicago can guide you through all variations of these instruments.

Living wills

These documents state your intentions as to whether you life should be artificially extended when you are unconscious and terminally ill. These may be the most important documents that

Chicago estate planning lawyers can assist you with:

Probate litigation

After the death of a loved one, probate litigation may arise due to:

A poorly or ambiguously written document

Concerns about the mental capacity of the deceased

Concerns about the appointed will administrator

Such issues usually require the services of an experienced Chicago estate planning attorney to resolve, and may include:

Will or trust contests

Competency disputes

Actions to reform or construe wills and trusts

Accounting actions

Fraud or fiduciary misconduct claims

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