Estate Planning Lawyer Bloomington IL – Our Team Can Help You Prepare for Your Financial Future – Call Koth Gregory & Nieminksi at 309-828-5090
Estate Planning Lawyer Bloomington IL
Getting started on estate planning? A few of the critical starting points to consider are your spouse, children and the size of your estate.
Many people with a family and assets should create a will. However, you might or might not need to consider estate planning, depending upon your estate and a few other issues. Learning some basic information regarding estate taxes in Illinois can help you assess if an estate plan is appropriate for you and your loved ones. In addition, meeting with an Estate Planning Lawyer Bloomington IL can help you get the answers you need.
A key benefit to creating an estate plan is that can minimize or even avoid probate and its delays, expenses and lack of privacy. Additionally, business succession and charitable donations may also be a part of an estate plan.
The process of financial planning can sometimes overlook the importance of estate planning. It’s tempting to put off answering questions that can be uncomfortable. For example, it’s not easy to ponder issues that involve what happens to one’s properties after they die. Not surprisingly, many Illinois residents do not have a valid will or an estate plan.
A will is a relatively basic legal document that states your directions regarding distribution of your property. Also, it can include directions about the care of your children. Estate planning goes a lot farther than a basic will. It not only deals with distributing assets and inheritance wishes, it can also help to lower how much your heirs will pay in fees, taxes and court costs. Always consult with a lawyer and/or a tax professional to discuss your specific situation and decide which approach is best for you.
Most adults who have assets and a family ought to create a will. But not everyone requires an estate plan. It is a personal decision and depends upon more than just size of an estate.
Schedule an appointment with an Estate Planning Lawyer Bloomington IL today at 309-828-5090.