Every adult should have a valid, up-to-date will as part of their overall estate plan because wills are essential estate planning documents that designate your final wishes after you die. When you need help preparing a will, make sure to contact an experienced Illinois or Indiana will lawyer so you can make sure your will is crafted properly and covers all your financial needs.
Without a will, several issues could lead to your estate being in court for many months or possibly even years after your passing. At Spagnolo & Hoeksema, LLC, we have significant experience assisting clients of all ages with wills and other estate planning strategies in Illinois and Indiana.
Creating a will can help you accomplish many estate planning objectives, such as:
There can be specific guidelines a person must follow to ensure their will is legally sound, and following the guidelines will help ensure that your loved ones receive all of the property you want them to get. A skilled local wills lawyer can help you understand these guidelines and help ensure your will is valid and complete.
Wills provide clear guidance to executors regarding your intentions and what you want your final wishes to be. Wills are essential when you have minor children or real estate. Wills are also important for people who have significant assets. The will may be used with more complex estate planning tools, such as a trust, to bypass the probate process and pass on wealth to future generations with only minimal tax liability.
A trust allows you to put money aside to give to beneficiaries at certain times. You will have to designate a person or entity, known as the trustee, to manage the trust and distribute the trust assets. There are numerous kinds of trusts that can allow you to manage your money effectively during your lifetime or after it.
There are also other estate planning documents, like powers of attorney and advance healthcare directives, that can allow you to make financial and health-related decisions now for what should happen if you become unable to make decisions on your own. Working with an attorney can help you address all of these needs effectively.
If you need help creating a will or revising an existing one, you should not hesitate to retain legal counsel. Spagnolo & Hoeksema, LLC, can review your current will or help you craft a new one and make sure that it accurately reflects every one of your desires.
Our firm works closely with all of our clients, so you can be sure that you will receive complete one-on-one attention that accounts for all the details of your estate. Call us or contact us online to set up a free consultation that will allow our will attorneys to examine your case and answer any legal questions you might have.
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