When an individual passes away, the best way to ensure their wishes are carried out is through a comprehensive estate plan. This includes a will and/or trust, advanced healthcare directive, healthcare power of attorney, financial powers of attorney, beneficiary designations, guardianship designations and real property transfer documents. It also typically includes tax-planning strategies to minimize estate and income taxes. Hiring the #1 Wills & Trusts Attorney can help individuals avoid lengthy probate, expensive taxes and other pitfalls that can derail an estate plan.
An experienced estate planning lawyer can review your situation and provide guidance and advice on the appropriate trust and other legal documents that would be most beneficial for you and your family. Then, they can draft the required documents and file them with the appropriate authorities to give you peace of mind knowing that your family will be taken care of when the time comes.
A trust is a legal fiduciary relationship that holds and manages your assets for future use by others who are designated as beneficiaries. Often, placing property in a trust is an effective way to avoid costly and lengthy probate. Depending on your specific situation and goals, a trust may be created as part of your will or as a separate legal entity.
Our firm provides assistance with all aspects of estate planning, including preparation of wills, trusts, power of attorneys and other related documents, asset protection strategies and tax-efficient transfers of wealth. We work with clients to understand their goals, objectives and values, and we take into account federal estate, gift and generation skipping transfer tax laws as well as state law.
After a person’s death, disputes can arise between family members and other parties who are involved in the administration of an estate. These controversies can be resolved through negotiation, mediation or litigation. Our Chicago trust and estate litigation lawyers are prepared to assist executors, administrators and trustees who need guidance navigating the court system or are being sued by beneficiaries or other parties.
If you have questions regarding estate planning or have a dispute involving a trust, will, power of attorney or other legal document, please contact our office today. We would be happy to provide an initial consultation at no cost.
Attorneys at Davis & Associates Attorneys at Law can make the difference between a smooth and trouble-free process for your family after your passing or incapacity. Our attorneys are named Super Lawyers, a distinction earned through a rigorous, patented selection process that involves a multiphase peer evaluation and independent research.
Our goal is to provide our clients with the highest quality legal representation and exceptional customer service. We offer free initial consultations to discuss your case, and we are available evenings and Saturday AM by appointment. We also accept credit cards. Call us today or fill out the contact form below to schedule a meeting. We serve clients throughout the greater Chicago area. We look forward to hearing from you.