Estate Lawyer Barrington, IL
Our estate lawyer Barrington, IL recommends is well aware that if you have yet to complete your estate plan, it may be something weighing on your mind. At Bott & Associates, LTD. we know that your estate plan may be something that you are continuously putting off for another day. However, it’s essential to be aware that you will need to immediately take action to safeguard your assets and ensure that your wishes are outlined clearly. You give yourself the ability to simplify what may be a complicated process by finding an experienced Barrington, Illinois estate lawyer. While it can be tempting to create an estate plan on your own, this can pose a variety of risks. Meet with Bott & Associates, LTD. today so that we can help you create a solid estate plan that leaves nothing to the imagination.
Simply the Process
Taking the time to research and find an experienced Barrington, IL estate lawyer can help to simplify the process of developing an estate plan. Bott & Associates, LTD. will take the time to meet with you and discuss your specific situation to ensure that an estate plan is developed that meets your particular needs. We know that the process of creating an estate plan can feel overwhelming. With legal counsel, this doesn’t have to be the case. We know that mapping out your final wishes can be easy to put off. No one wants to consider the unknown. However, with our help, we can make a stressful process as simplified and easy as possible. Call our estate lawyer in Barrington, IL, so that we can apply our skills to your situation. Schedule an appointment with Bott & Associates, LTD. today! You won’t be disappointed.
The Danger of Creating Your Own Estate Plan
With so many do-it-yourself estate planning options available on the market, it can be tempting to forgo contacting an estate planning lawyer in Barrington, IL. Although this may seem like an easier and more attractive option, this can be problematic. Forgoing the assistance of a lawyer can cause many problems. Here are just a few examples of the issues that may ensue from creating your own estate plan:
- The risk of creating an invalid will
- Key components may be left out
- Certain tax implications may not be considered
- Generic DIY platforms may leave out state laws
- There is a greater likelihood that you will make a mistake
- Your specific needs will not be taken into account
While the idea of contacting a Barrington, IL estate lawyer at Bott & Associates, LTD. may seem like an unnecessary expense, it can help protect your assets and mitigate issues in the long run. Let us help you save money. Contact our team today to give you and your family the peace of mind you deserve.
Frequently Asked Questions Regarding Estate Planning
When it comes to estate planning, we understand that you likely have many questions. Below, we have compiled some of the most common questions we get in hopes that we can help you on your estate planning journey. Have more detailed questions or don’t see one of your questions here? Give our office a call so we can get started on the estate planning process.
Q: I’m not sure I need a will or a trust. What happens if I die without one?
A: When you do not think you have much you can offer friends and family after you pass away, you may be tempted to forgo estate planning. However, dying without a will or a trust may mean more work for your friends and family while they are grieving. If you die without a will, the state will divide up your property how it sees fit, not with your family or friends in mind. You may not want your spouse or your children to get certain property but this is typically how it is distributed.
Q: Is a power of attorney helpful to have?
A: A power of attorney document can be highly beneficial to have if you are unable to take care of certain transactions or if you cannot be at a certain location to make decisions. When you grant someone power of attorney, it means you give another person (or people) the authority to do this on your behalf.
Q: Estate planning documents seem very important. Is there somewhere specific I should place them?
A: You’re right! Your estate planning documents are extremely important and keeping them in a safe and secure place is imperative. If you have a safe deposit box at your local bank and think this is the best place to keep it, you should think again. If the box is in your name, it can be nearly impossible for a family member to access it after you have passed away without a court order. Make sure you have your original estate planning document in a location that is secured but that a trusted person can access.
Q: How do I know that my estate plan will go into action when I die?
A: This is an understandable concern for many people. However, when you work with a trusted estate lawyer, you know you are working with someone who will take care of your estate planning documents and help you take control of your assets when it is important.
Meet with Bott & Associates, LTD. Today!
Let our estate lawyer in Barrington, IL, put your mind at ease. We are experienced in all things involving preparing estate plans that leave nothing to the imagination. Meet with our team today to review your specific situation, discuss your wishes, and incorporate them into an estate plan that keeps your interests at the forefront. We can provide you and your family with the security you both deserve to know that there is a plan for the future.
Don’t leave your family to decipher what your final wishes would have been. This can pose several challenges, potentially leaving your loved ones to battle out in court. Let Bott & Associates, LTD. reduce the risk of complications down the road. Contact our Barrington, IL estate lawyer at your earliest convenience.