You’ve worked hard to build your estate. Now, it’s time to work with a Lombard, IL estate planning lawyer to keep it safe. At Madden Law LLC, we’ve helped businesses and individuals plan their futures. Now, we’re ready to help you. Read on to see how an estate lawyer can make a difference, and contact us today to get started.
Estate Planning Lawyer Lombard, IL
Think about all the assets you own. It’s a lot more than you expect: There’s property like collections and your fine china, but there are also major investments: Real estate, stock portfolios, and even shares in your own business. You’re more than just the things you own, but this collection of assets is a major part of your legacy.
It’s important to protect this legacy. After you pass away, there needs to be a plan in place for your loved ones. Otherwise, they won’t know what to do with everything you’ve built for them. And if someone dies intestate - without a will, a trust or any other legal instructions - it may be up to a court to decide who distributes all of your assets.
By creating a will with your Lombard estate planning lawyer, you’re minimizing these risks. You’re giving your family a list of your assets, and you’re giving them clear instructions for what should be done with everything after your death. It avoids any court-related mix-ups, and it also gives your loved ones a clear map to follow when you’re no longer there to guide them.
Wills are an excellent tool, but leaving just a will means that your family will have to deal with probate. Probate is the process through which your assets are distributed. It’s not convenient: Your family will have to notify all of your beneficiaries, track down your assets, and have them valued by a third party before anyone receives anything. It’s much better than leaving no will at all, but there are steps you can take to make things even easier.
When you contact your will and trust lawyer, you can also establish a living trust. In this case, your assets will belong to a trust that manages your possessions. You’ll need to keep it updated during your lifetime, but it’s a great way to avoid probate. When you want to take the extra step and create a trust, your trust planner can help. Just make sure they have plenty of experience.
Why Experience Matters In Estate Planning
At Madden Law LLC, our experience sets us apart from the competition:
- We’ve spent over 20 years helping our clients. That’s two decades to fine-tune our approach to estate planning. We’ll help you use the best strategies for protecting your legacy.
- Our clients include individuals and businesses alike. Whatever your situation, we’ll make sure your future is safe.
- We also assist with probate. When it’s time for your family members to process your will, we can walk them through your instructions and their next steps.
Contact Us Today
At Madden Law LLC, we’re ready to protect your legacy. Contact us today, and see how a Lombard estate planning lawyer from our team can make a difference.