Estate Planning Lawyer Chicago Helps With Important Life Decisions

by Danielle Atkinson

Life is often shorter than we plan. It is important to plan now, in order to be ready to face death whenever it comes. Without the ability to forecast our own future, people should make preparations now. An estate planning lawyer Chicago offers help with these types of decisions.

One of the greatest advantages of a plan now is the chance to reduce family fights after death. The first step is writing the will. This legal document provides for the division of one's property. It can also name an executor. This person is in charge of seeing that the wishes of the individual are carried out.

The law dictates what happens to the property when a person dies without having a will. Generally, everything is sold at the highest bid, bills are paid in full if possible and any property that remains is distributed between a surviving spouse and any children. Although the plan may sound equitable, it often overlooks special circumstances.

Today's families can be very complex. With an increase in the divorce rate over the past fifty years, a person may have been married several times. There may be children from numerous relationships. Sometimes step children have been raised as one's own. Other times a grandchild may take on the relationship of a child. Legal counsel allows the planner to take these special circumstances into consideration.

In addition to the writing of wills, making plans for the end of one's life is sometimes best solved using trusts. Living trusts can often help prevent the loss of a large amount of the inheritance that may represent years of labor from being lost to taxes.

An estate planning lawyer Chicago can help individual plan for the distribution of belongings after death. These plans can prevent family fights while preserving the family's inheritance. With good forethought it is easier to die in peace. <A href="http://www.maryvaneklaw.com">Estate Planning Lawyer Chicago</A>

Stop by our site to find out more <a href="http://www.maryvaneklaw.com">Estate Planning Lawyer Chicago</a>

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