Estate Planning Lawyer
in Port Barrington, Illinois
When choosing an
attorney for Estate Planning in Port Barrington, Illinois, there is one Port
Barrington law firm that stands out for helping people in the areas of Estate
Planning. Estate Planning Law in Port Barrington, 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 Port
Barrington 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 Port Barrington, IL is an important step in protecting your
rights and your children’s rights. The Estate Planning Port Barrington, 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
Carroll & Carroll Attorneys at Law is ready to assist you today to start your
estate planning.
Links:
https://www.peterfcarroll.com/
https://www.peterfcarroll.com/estate-planning-attorney-port-barrington-illinois
https://www.peterfcarroll.com/family-law-attorney-port-barrington-illinois
