Estate Planning Attorney Mattoon IL – Bates Law Office – 501 Jackson Avenue – Suite 2031 – Charleston, IL – Call 217-512-1847
Estate planning can allow you to instruct how your assets are to be transferred to your beneficiaries as efficiently and promptly as possible. Regardless of the size and number of assets in your estate, if there is something remaining after you pass away, an estate plan is beneficial for you and your loved ones.
-Estate planning puts you in control. Taking some time to craft a personalized, strategic estate plan gives you the power to distribute your whole estate exactly as you wish. If you were to die without a valid will, a court assumes the role of distributing your estate. Known as intestate succession, the end result will depend upon the intestacy laws in Illinois.
Estate Planning Attorney Mattoon IL
-Provide for your children. If you have children under 18, you’ll naturally want to make plans for their care in the event of your death. Creating a trust as a part of your estate plan will help you determine when your children are to receive their inheritance as well as for which expenses the funds may be spent.
-Minimize the taxes that apply to your estate. By drafting an estate plan with the help of an Estate Planning Attorney Mattoon IL, you’ll be able to limit the taxes collected from your estate. Consequently, that allows your beneficiaries to keep more of what you leave for them.
-Establish a trustee for your estate. You’ll want a trusted individual to be an executor of your estate to ensure that it is handled responsibly. You can name a trustee in your estate plan, which saves money and simplifies the administration of your estate.
Protect your loved ones and your assets – talk to an Estate Planning Attorney Mattoon IL today at the Bates Law Office. Call 217-512-1847.
