Estate Planning Lawyer Barrington, IL
A Barrington, Illinois estate planning lawyer from Bott & Associates, Ltd. can assist you with creating your legacy in a way that reflects your final wishes. In addition to specifying the distribution of your assets and other property, you can express your intentions and wishes for the loved ones you leave behind. Our estate planning lawyer can also help you put safeguards in place should you become incapacitated before passing away. Allow us to assist you and your family with your estate planning needs.
The Importance of Planning Your Estate
Planning one’s estate is not limited to focusing on who will inherit which of your assets. A comprehensive estate plan that is created with the help of an experienced Barrington, IL estate planning lawyer from Bott & Associates, Ltd. will include other important directives as well. For instance, it may include medical treatment instructions should the individual experience a critical health issue that prevents them from making important decisions on their own. An estate planning lawyer can also help you and your heirs avoid paying unnecessary taxes. We will also be there for you when updates to your estate plan are necessary after life events that necessitate changes.
The Risks of Not Planning Your Estate
The absence of an estate plan can cause a ripple effect of issues which may range from confusion, stress, and angst amongst heirs to courtroom litigation, and the reality that your final wishes may not be honored. In short, not having an estate plan can be costly for you as well as your loved ones in terms of taxes and the emotional toll. Even close families can enter into turmoil when loved ones are left to only wonder what the deceased wanted for burial plans, asset distribution, and final thoughts. These disagreements have the potential to last forever and splinter families. Our skilled estate planning lawyer can help you and your family members avoid these scenarios by creating a robust estate plan.
Estate Plan Options
When you meet with a Barrington, IL estate planning lawyer from our firm, a review of your circumstances will reveal the optimum choices for planning your estate. You may benefit from creating a revocable or an irrevocable trust as well as a will. There may be tax obligations or savings that can also be addressed for maximum advantages. Depending on your circumstances, your estate plan may take some or all of the following into account:
- The distribution of real property to particular individuals.
- Your checking and savings accounts balances.
- Insurance policy benefits.
- Miscellaneous investments and assets.
- School tuition accounts.
- End-of-life and medical care decisions.
Free Consultation with a Skilled Estate Planning Lawyer in Barrington, IL
To introduce you to your estate planning options, Bott & Associates, Ltd. offers free consultations with a lawyer from our firm to review your circumstances. After this introductory case review, your estate planning lawyer Barrington, IL clients recommend can help you create a lasting legacy. Give us a call today to schedule your no-cost consultation with our estate planning lawyer.