![]() The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. The cookie is used to store the user consent for the cookies in the category "Performance". This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other. The cookies is used to store the user consent for the cookies in the category "Necessary". The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". The cookie is used to store the user consent for the cookies in the category "Analytics". ![]() These cookies ensure basic functionalities and security features of the website, anonymously. Necessary cookies are absolutely essential for the website to function properly. We’re here to help you initiate your estate planning journey or update your existing estate plan.įill out the form below to receive our free Estate Planning Checklist. If you find that you have more unchecked boxes than checked ones, please don’t hesitate to reach out to SJF Law Group at 95. Upon submission of the form, our checklist will be sent to your provided email address. You can access this valuable resource instantly and free of charge by simply completing the form below. This concise checklist is designed to facilitate a seamless transition of your assets while safeguarding the future of your loved ones. We work with clients when they’re going through some of the most difficult times in their lives and we know how important it is to treat each client as we’d like our own family members treated.We recognize that estate planning can feel overwhelming, and if you’re uncertain about where to begin, rest assured, you’re not alone! To assist you in comprehending the essentials of estate planning and the necessary steps, we offer our user-friendly 1-page estate planning checklist. If you suspect you need estate attorneys in Chicago, the law offices of Peck Ritchey can help. It’s not uncommon for estate attorneys in Chicago to also concentrate in elder law, and many of these attorneys can help protect older adults through guardianships or powers of attorney. Other services include legally protecting assets from Uncle Sam and funeral preplanning. Other Ways Estate Attorneys In Chicago Can HelpĪ trust, living will and will aren’t the only ways estate attorneys in Chicago can help. Neglecting to prepare a will is often a cause of family strife, as family members argue about dividing up the assets during an extremely stressful time. This tells your loved ones where you want your belongings and assets to go once you pass on. Your will is probably the most important part of your estate plan. Spelling out your wishes can help your family if they’re suddenly faced with making serious medical decisions.Įstate Attorneys In Chicago Prepare Wills The living will covers very specific situations, such as if you’re unable to breathe on your own or if you require a feeding tube to survive. This can help ensure that the beneficiary is financially responsible to handle a large sum of money.Įstate Attorneys In Chicago Prepare Living WillsĪ living will is a document that’s only needed if you’re suddenly unable to make medical decisions for yourself. While a child does become a legal adult at age 18, many parents are more comfortable with not releasing any trust funds completely until the beneficiary reaches age 21 or 25. Make sure that you have faith in your trustee since he or she will be responsible for keeping the money safe until the child becomes of age. To enable access to the funds, a trustee will be appointed with the authority to use the money for the child. Instead, parents can place their money into a trust so that the money is held until the child reaches a certain age. Minor children are too young to be the direct beneficiaries of a life insurance policy or a retirement account. While many people think that a trust fund is something reserved for the very wealthy, the truth is that anyone with children can benefit from establishing a trust. Each part may not apply to your situation, but some of the most common components of any estate plan are trusts for minor children, a will and a living will.Įstate Attorneys In Chicago Can Help You With A Trust Before you meet with Peck Ritchey’s estate attorneys in Chicago, take some time to get to know about the different aspects of a standard estate plan. ![]() And a court wont 'always reflect what you want,' said Liza Hanks. The total can cost between 4 to 10 of the value of your estate, White says. However, many people don’t actually realize why it can be so important. The probate process includes lawyer and court fees. Estate planning is important - estate attorneys in Chicago will tell you that.
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