This is of importance when executing a last will and testament as well as distributing assets amongst dysfunctional families. When estate planning is conducted in the final stages of life, disinherited heirs can contest the will by claiming the decedent was under the influence of another’s persuasion or was not of sound mind. When wills are contested, estates can be suspended in probate for months and even years and in some cases can potentially bankrupt the estate. This is why estate and trust planning should be initiated while you are in good health. Hiring an estate planning probate attorney ensures your final wishes will be followed through when you pass away. It also eliminates stress from the appointed probate personal representative. If you are looking for an estate planning lawyer in Moline IL there is a reputable law firm that can assist you.
Receive Complete Estate Planning Services
When you hire an estate planning lawyer in Moline IL they will assist you by establishing a trust to care for your inheritance assets in the result of your passing or they can create a last will for you. The attorney will listen to your needs and provide sound advice for developing strategies which benefit designated beneficiaries. Estate planning is preparing for the future and making sure your family is properly cared for after you have passed.
Common Estate Planning Includes:
- Reducing Taxes Associated with Your Estate
- Eliminating Quarrels Between Your Family
- 401K Beneficiaries and Retirement Funds
- Ensuring Ownership of You Assets Is Transferred to Family Members
- Ensuring the Correct Person Maintains Custody or Guardianship of Your Children
- General Final Wishes
Organizing Your Estate
After you and an estate planning attorney have discussed and completed all the necessary paperwork then you are finished with the estate arrangements. The next step is letting a family member or a close friend know where you will have your copies of your power of attorney, living will, insurance papers, and any keys or codes to your bank safe deposit box. It is wise to have all additional copies of your important documents in a safe that is fire proof. Your original documents will be on file at the office of your estate lawyer.
