Estate Planning Attorney Paris IL – Bates Law Office – 501 Jackson Avenue – Suite 2031 – Charleston, IL – Call 217-512-1847
A person’s estate basically consists of all the things they own: from real estate and vehicles to bank accounts, investments, life insurance and personal possessions. To ensure that the assets in your estate go to the people you want to have them, an estate plan is essential. Understandably, you probably want to maintain control over how those assets are distributed to the people closest to you.
To be sure that your instructions are fulfilled, you’ll need to give instructions that state whom you wish to receive your assets and when they’re to receive them. Naturally, you’d want this to proceed while minimizing the amount you estate pays in court costs and taxes.
Consult with an Estate Planning Attorney Paris IL at 217-512-1847
In addition to naming beneficiaries, an Estate Planning Attorney Paris IL can help you create an estate plan that:
-Includes instructions for your financial matters and medical care in the event you suffer physical or mental incapacitation before you pass away.
-Details arrangements regarding disability income insurance if you become unable to work because of injury or illness. Also, plan for insurance to provide payment for your health care in the event of a prolonged illness and life insurance that would provide for your loved ones after you die.
-Provides for the transferal of your business once you die, suffer a disability or become incapacitated.
-Appoint someone to fill the role of guardian to your children.
-Provide for a family member who has special care needs without risk of disqualifying them from receiving government benefits
-Provide for a family member who may be irresponsible with finances or who might need protection against creditors.
-Minimize court costs, taxes and unnecessary fees.
Call the Bates Law Office to speak with an Estate Planning Attorney Paris IL to get started on an estate plan that will be right for you and your loved ones at 217-512-1847.
