Wills, Trusts, and Estate Planning
Thinking about the future and what happens after we’re gone can be tough, but planning ahead can make life easier now and bring peace of mind to our loved ones later. Estate planning is essential for handling important matters and deciding how assets will be distributed. Our attorneys simplify the process, helping individuals create wills and trusts and offering assistance with probate cases when needed.
Wills
Planning for your future as you think about what happens after you pass away can be difficult. When you create your will now, it can ease your worries and make life simpler for your loved ones in the future. Will’s are able to address several issues, such as how your property and assets will be distributed once you pass. Our firm is here to assist you in the planning and preparation, whether you are in need of a simple will or a pour-over will. Our team ensures that your will meets your goals so that your assets are distributed according to your wishes. We are here to help you plan for your future and ease your mind.
Trusts
If you’re looking to protect your assets and manage money for your children, our firm is here to assist you. There are times when you may need more than a simple will. While wills determine how your assets are divided, trusts provide a way to manage those assets. By creating a trust, you can feel secure knowing that the people you care for are taken care of, and so are your possessions. With a trust, it creates a legal document that determines how your assets will be transferred to beneficiaries or charities of your choosing. If you are ready to set up a trust, get in touch with our legal experts today.
Probate
When a family member or loved one has passed away, you may end up having to probate their estate in circuit court. Through this legal process, the court can oversee the distribution of your loved ones’ estate after they pass. Probating a will in a circuit court can also validate the will, ensuring that it meets its legal requirements and can also settle debts. If you are seeking a lawyer for probate, look no further than our experienced attorneys at Coady Law. Our team is here to guide you through the legal proceedings and make sure you have a clear and concise understanding of the process.
Powers of Attorney - Healthcare
It can be important to consider having someone in place as your power of attorney when it comes to your healthcare. You can also nominate your power of attorney to be your guardian in the event that is necessary. This person is someone who knows what is important to you in regard to your care and will carry out your wishes if you are unable to do so. Our attorneys will take the time to sit down with you and discuss who you wish to have as your power of attorney over your healthcare and guide you through the forms.
Powers of Attorney - Property
There may come a time when you are unable to handle your personal financial affairs. It is best to have a power of attorney put into place for your property in case of this event. The person you grant for this position is someone who you trust and is able to assist with handling your financial affairs and paying your everyday bills. If you have a person whom you wish to make your power of attorney for your property, get in touch with our firm today, and we can walk you through the required legal documents so that you can feel confident knowing your finances are being handled in an instance where you’re not able to.
Small Estate Affidavit
If you have a loved one who has passed away and they have a small estate, you could be eligible to file for a small estate affidavit. This affidavit can speed up the asset distribution process, and you can avoid having to open up a probate estate in court. In the state of Illinois, you can file for a small estate affidavit if the total assets of your loved one who has passed is less than $100,000. When you speak with our attorneys, we can guide you through the forms to ensure everything is being filled out correctly, and we will make sure all the appropriate forms are submitted for your peace of mind.
