When it comes to estate planning, there’s more to it than simply writing a will. A comprehensive plan can help you protect your family’s finances, ensure your loved ones receive the proper care and treatment you desire, and help avoid unnecessary taxes and fees. While no one looks forward to thinking about their own death, a well-planned estate plan provides peace of mind that you and your family will be taken care of after your passing.
A lawyer can help you create an estate plan that is tailored to your unique circumstances. They can advise you on the best strategies for transferring your assets to minimize taxes and provide advice on the different options available for your situation. They can also assist you in selecting guardians for your children, naming beneficiaries for life insurance and retirement accounts, and establishing trusts to hold your real estate, making it easy for your family to manage after your death.
The process of settling an estate can be lengthy and expensive, but the right lawyer can help you avoid the many pitfalls. Choosing an experienced attorney who is familiar with the state law and local practice can make the process smoother and more efficient. During your consultations, ask potential attorneys how they would handle your case and what their experience is with similar matters. Then, select the person you feel most comfortable working with to create a personalized estate plan that will meet your needs.
Correa Law has been helping Chicago residents protect themselves and their families since 2010. Their team specializes in planning for all aspects of life, including trusts and probate. They can help you create a plan to transfer your assets, designate guardians for your minor children, and set up special needs trusts for family members who require additional support. They can also help you minimize estate taxes by using trusts and beneficiary designations, executing gifts during your lifetime, and taking advantage of applicable exemptions.
Theodore London is a Chicago lawyer and radio personality who helps families stay out of probate court, protecting their legacies and preserving family wealth. He is passionate about educating the public on estate planning and has prepared thousands of living trusts, power of attorney documents, and deeds. He also offers advice on WVON’s “The Legal Line” each week.
A reputable law firm is looking for an experienced Taxation and Trusts/Estate Planning Associate to join their team in Chicago, Illinois. This role will focus on advising high-net-worth individuals, family offices, and C-suite executives on complex estate planning and trust matters. The successful candidate will have 10+ years of experience in tax and estate planning, a strong work ethic, and the ability to handle a fast-paced caseload with confidence.