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The following is meant as a very general overview:
Wills and Estates It is important that your Will or Trust is structured for the maximum
benefit of your loved ones. A well thought out estate plan can mean less hardship for your family at a time of emotional
upheaval. Many factors must be considered in an estate plan, including issues such as protection of assets, providing
for payment of taxes, or leaving your disabled love one with a secure future after your demise.
Powers of Attorney The State of Illinois has statutory powers used to guide a
person wishing to make advanced healthcare directives, or to provide for an agent to hand his/her financial affairs in the
event of a temporary disability. These devices can be useful to avoid the necessity of court involvement in the event
of a permanent disability. These powers of attorney should be a part of even the most simplified estate plan.
Probate The Probate Statutes of the State of Illinois provide for the orderly distribution
of property upon the death of a loved one. The probate procedure most commonly used in Illinois is called Independent
Administration. Contrary to popular misconception, Independent Administration does not require court involvement in
the administration of a decedent's estate, nor does it cause an unnecessary tie of of asset distribution.
Trusts The use of living trusts (Inter Vivos Trusts) or testamentary trusts, are wonderful
tools to apply in the appropriate estate plan. A living trust can effectively and promptly distribute assets after a
death. There are other trusts that can be used when the situation requires, such as insurance trusts, land trusts, and
special needs trusts.
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