Estate Planning Professionals Arlington Heights, Illinois
Estate Planning Professionals Arlington Heights, IL Families Can Rely On
Are you wondering whether or not you need an estate plan? Perhaps you have one, but are unsure if it protects your heirs against a divorce or litigation. Calling our estate planning professionals in Arlington Heights, IL may be a good idea. Reach out to Bott & Associates, LTD., today.
When you leave assets or any inheritance to your heirs, you might expect them to be mindful of things. However, as diligent as they may be, in terms of ensuring your estate is handled properly, they could still be vulnerable to claims on the inheritance.
Divorce, creditor claims, long lost relatives, business complications, and judgements could all impact an estate. While this might happen through no fault of your heirs, should they be careless with the estate, the risk of a mistake increases. As an estate planning lawyer Arlington Heights, IL has to offer might explain to you, it is possible to reduce the possibility of an estate through the utilization of various tools. Because you may have your own unique needs, we would invite you to reach out to Bott & Associates, LTD for personalized advice.
How You Can Protect Your Heirs’ Inheritance
When it comes to your estate and your heirs’ inheritance, you may have a number of concerns. For example, what if your grandchild uses their inheritance to purchase a property held in both their name and their spouses? Should a divorce occur, they could lose this asset. Or, what if you have concerns about a long lost relative trying to claim a piece of the estate? As estate planning professionals in Arlington Heights, IL, we often recommend trusts to avoid any complications. Trusts can include a trust under a will or an irrevocable trust. In general, you will require a lawyer to assess your situation and let you know what will be your best option.
Bott & Associates, LTD., offers a number of different services, including:
- Estate planning
- Estate administration
- Divorce protection
- Asset protection
- Revocable trusts
- Irrevocable trusts
- Living wills
- Specialized trusts
It can be easy to push estate planning to the back of your mind. You might think that you can take care of things at a later time or when it’s more convenient for you. While we would hope that you have a long, fulfilling life, unexpected events can occur. You don’t want to leave your heirs vulnerable to the many complications that can arise. Failure to have an estate plan could result in:
- The inability to choose how your assets are divided
- The potential of a conflict to arise
- A risk of not having a guardian appointed to care for any children or disabled adults
- A lack of guidance in the event you are incapacitated
When a person dies, the family will be left to navigate probate or the estate administration process. Without an estate plan, the challenges that arise could be enormous and very strenuous. Mitigate the chance for any complications to arise. Call our estate planning professionals in Arlington Heights, IL today.