Creating an estate plan is a big task that involves many different steps. It’s important to make sure you’re selecting a lawyer who can help with all aspects of the process. A good attorney will review your family situation and create a plan that best fits you. They’ll also help you understand the options available to protect your assets. There are many tools to use in an estate plan including wills, trusts, durable power of attorneys, letters of intent, and guardianship designations.
Choosing beneficiaries for your possessions is one of the most crucial components of an estate plan. It’s important to ensure that all beneficiary designations align with your intentions and avoid unintended consequences during distribution. A Chicago estate planning lawyer can guide you through the process of choosing appropriate contingency beneficiaries and avoiding pitfalls.
An estate plan is essential for anyone who has children, owns a business, or wishes to donate their property. A lawyer can help you create a legal document that will distribute your assets to the people you want and minimize taxation and probate fees. Estate planning can also ensure that you’re choosing appropriate guardians for minor children and establishing medical care instructions in the event of incapacity. A lawyer can also help you establish a charitable giving strategy to leave a legacy of goodwill.
A good Estate Planning Attorney in Chicago Illinois will listen to your needs, understand your goals, and prepare legal documents that will be honored by the courts. They should have experience drafting complex estate plans and can advise you about the tax benefits of different strategies. They should be familiar with the laws of your state and stay current on new developments.
Finding a good Estate Planning Attorney in Chicago is a process that takes time. You can begin by asking for referrals from other professionals you trust, such as your financial advisor or accountant. You should also scour legal ads on print, television, and radio to find a lawyer with the right experience. When searching for an attorney, make sure to consider the amount of time they’ve spent practicing law and their disciplinary record.
Located in Chicago, Correa Law assists clients in protecting their families through proper legal planning. The firm focuses on thinking about the issues most people don’t want to reflect on and providing technical expertise in the areas of estate planning, elder law, and asset protection. They’re accredited by the BBB and are members of Wealth Counsel, ElderCounsel, and Advisors Forum. Their team includes lawyers Mario Correa, Theodore “Ted” London, and Kimberley Egonmwan. They’re dedicated to helping individuals and their families. Their team works hard to meet the client’s needs and provide personal attention and preparation for each case. They’re committed to building long-term relationships with their clients and offering compassionate solutions. Contact them today to schedule a free consultation. You can also visit their website to learn more about the firm’s services. Their attorneys are experienced in handling matters involving divorce, child custody, estate planning, bankruptcy, real estate, and more.