Estate Law Lawyer in Northwest Suburbs Chicago

Estate Law Lawyer Northwest Suburbs ChicagoEstate planning is often an overlooked part of your life, but it’s important to understand the importance of this process. The purpose of estate planning is to ensure that your assets are distributed in the way that you want them to be and also to protect loved ones from any kind of legal trouble. Without proper estate planning, there may be many issues with what happens to your assets after death or during incapacity. 

Estate law can get complicated, so it’s best to consult Bott & Associates if you want things done right the first time. A good estate law lawyer in Northwest Suburbs Chicago will help clients understand their options under estate law and what they need to do in order for estate administration to be carried out.

How estate planning works

Many people think that estate planning is only for the wealthy and elderly, but this couldn’t be further from the truth. Estate planning should happen at any age and with anyone who has assets to protect. 

Estate planning is a very complicated process and estate law can lead to disputes among heirs, so it’s best to use an estate law lawyer in Northwest Suburbs Chicago. Estate planning does not need to be expensive, but it’s important that estate law is followed exactly.

The first step in estate planning is determining how much net worth you have (assets minus liabilities). The next steps are figuring out who should inherit your assets (heirs) and why they should do so (motives). Once this is decided estate planning should be done through the use of estate administration, wills, and trusts.

Bott & Associates can help you understand your options and develop an estate plan that works for everyone involved according to estate law. Our legal team will ensure all assets are protected and distributed as the deceased wishes so there’s no risk of a dispute among heirs.

Prepare your family for what may come

Wills are often seen as an outdated, old-fashioned way of ensuring that your property is passed on to the appropriate people. However, in some situations, they may be more necessary than you think. Whether one is needed depends largely on whether there is a spouse and children involved and if so, how many children there are and what age they are at the time of death.

If this applies to you, then it may be time to work with an estate law lawyer in Northwest Suburbs Chicago who can help determine what steps need to be taken before your passing in order for everything to go smoothly after you’re gone. An experienced estate planner will also know when a living trust could better suit your needs than a regular will.

Estate planning can be difficult, so it’s best to work with estate law firm Bott & Associates if you want estate administration to go smoothly according to estate law. We will help you understand your options and develop an estate plan that works for everyone involved based on estate law.

Contact us today!