Jan 21, 2017
By estate planning attorney Rick Law. Rick is founder of the multi-generation law firm Law Elder Law in West Suburban Aurora, IL.
In my last installment of this blog, you learned a little about what probate is – and why you’ll likely want to avoid it at all costs!
As you might imagine, if your family is forced to deal with probate for months or years, it can become extremely costly. In addition, what passes through probate is made public record… meaning all your laundry is aired, for better or for worse.
In my office, I have seen too many people fail to plan properly. Unfortunately, the person who failed to plan has not only passed their estate to their loved ones, but they have also passed a huge burden onto their children and/or spouse.
The good news is, with proper documents in place, you can avoid putting that load on the ones you love after you pass. With planning that is right for your unique situation, you can put your mind at ease that your family will have the best possible outcome when you die.
Always be sure you talk to a qualified Elder Law attorney before you take any steps. While probate can be expensive and inconvenient, for some it is the best option. Every person’s circumstances are different. Make sure you’re making the right choice for your family before you put anything in place.
Call my office at (630) 585-5200 to find out what’s right for your situation.
Too many families needlessly lose everything they have. Don’t let that be you. If you need help paying the overwhelming cost of long term care, give our office a call at 800-310-3100. Your first consultation is absolutely free. We’ll let you know what steps you need to take, right now, to protect yourself and your family. Call now, because when you’re out of money, you’re out of options!
Rick L. Law, Attorney, Estate Planner for Retirees.
Rick has been named the #1 Illinois elder law estate planning attorney for 8 years in a row by Leading Lawyer Magazine. He has been quoted in the Wall Street Journal, AARP Magazine, TheStreet.com, and numerous newspapers and articles. Rick is the lead attorney for Law Elder Law, LLP, focusing in Estate Planning, Guardianship, and Nursing Home Solutions. His goal is to give retirees an informed edge when it comes to dealing with an uncertain future. Get flexible retirement strategies that work during good times and bad, plus information on how you can save your home and assets from being used to pay for long term care. Call 800-310-3100 for your free consultation now!
My wife and I had our first child three years ago. That’s when we decided to set up a trust, should anything happen to either of us. We reached out to Zach Hesselbaum to help us out. He was very thorough and professional throughout the whole process. Zach went above and beyond to make sure that we understood every detail of setting it up and he did an excellent job. We recently had our second child a few months ago. With the new baby, he helped us make the necessary revisions to the trust. Zach made this process great for us! I would definitely recommend using him for any of your estate planning needs!
Tom G., Naperville, IL