Estate Planning Lawyer in Ridgefield, Illinois
When choosing an attorney for Estate Planning in Ridgefield, Illinois, there is one Woodstock law firm that stands out for helping people in the areas of Estate Planning. Estate Planning Law in Ridgefield, IL is really all about the legal aspects of the distribution of assets at the time of death and/or a medical incapacity. Estate Planning can be the most important area in family law as it directly affects the families and beneficiaries of someone and their wishes as to how their assets are ultimately handled. When you are in need of a trust, a medical power of attorney, or other estate planning legal instruments, or need an adjustment in your current Estate Planning documents, the Family Law firm of Carroll & Carroll can help. Attorney Peter Carroll has served families in Ridgefield for more than 30 years. They provide legal services in all areas of family law.
Protect yourself and your family
One of the more significant and important areas in family law is
when an individual or couple decides to plan for the ultimate – death or
medical incapacity. Choosing a Estate
Planning lawyer in Ridgefield, IL is an important step in protecting your rights and your children’s
rights. The Estate
Planning Ridgefield, IL law firm of Carroll &
Carroll can help you gain the
most equitable results from you’re the distribution of your estate, including
fair distribution of assets, beneficiaries, and assets that you want to bequeath
to particular beneficiaries.
Estate Planning – Taking the First Step
The way your family is taken care of is of utmost importance to you, so you need to have legal representation for your Estate Planning. Your estate consists of everything you own, including homes, other real estate, cars, savings, life insurance policies, investments, furniture, and personal belongings. When you die, you need to plan, in advance, to have your estate distributed the way you want it to me. You must specify who gets what and when. You also want it to happen without paying extra legal fee, court fees, or taxes. That is the essence of estate planning - designating in advance who you want to receive your possessions after you pass. If you don't have a plan, the state will, and it will be the state that decides all these things for your family and loved ones for you.
Begin with a will or living Trust
A will provides your instructions for distribution, but it does not avoid probate. Any assets titled in your name or directed by your will must go through your state’s probate process before they can be distributed to your heirs. This can take a long time and can be expensive with legal fees, executor fees, and court costs. To avoid probate, you can have jointly owned property and assets, and some assets which allow for beneficiaries can be distributed without probate as well as assets that let you name a beneficiary such as life insurance policies and IRAs.
Call Carroll & Carroll Today
