Customized estate planning is one of the few legal opportunities in our culture that has no downside.
Advantages of preparing an estate plan include proactive solutions for any financial contingency impacting the planner’s survivors, speed transfer of assets and property to beneficiaries, and the ability to spare family members the inconvenience of often time-consuming, stressful, expensive probate proceedings.
Conversely, without an estate plan in place, you could lose control over who inherits assets you worked hard to accumulate. Instead, courts will make those decisions for you. Worst of all, your loved ones may be vulnerable to a number of liabilities and legal disputes.
To benefit from the advantages stated above, and to avoid the dramatic disadvantages, you should speak with a knowledgeable estate planning attorney — at length, candidly and confidentially.
At Lynch Law Offices, P.C., our law firm’s respected founder John J. Lynch works with you closely, directly and personally to craft a legal strategy that suits your unique needs. The firm’s decades of experience include a track record of success felt by individuals, couples and families throughout the state.
A Family Approach To Estate Planning Strategies In Illinois
Whatever your estate needs, age, marital status or size of your estate, our estate planning and estate administration law firm assists a broad range of clients with simple and complex estate plans, as well as those wishing to transfer significant assets such as closely held family businesses and real estate.
These legal and financial goals are promoted by useful estate planning instruments such as:
- Wills and living wills
- Trusts and living trusts
- Durable and medical powers of attorney
- Advance health care directives
- Guardianships and conservatorships
Estate planning is generally the act of eliminating uncertainty from your relatives’ and friends’ futures, while allowing you to maintain control over your own affairs. Ultimately, you ensure that your wealth goes where you want it to go, and that you continue to exert control over financial and medical decisions.