Trusts, Wills, Powers of Attorney
Helping Clients throughout Grundy County and Morris, IL with Estate Planning Needs
Do you know what will happen to your assets upon your death? How can you ensure that your final wishes will be fulfilled and executed? Careful estate planning and well-drafted legal documentation can save your loved one’s time, money, and stress in carrying out your final wishes and distributing your estate.
At The Law Office of Charles L. Schmidt, Ltd., we have been helping clients throughout Grundy County, Illinois with their estate planning needs. Contact us to learn more about how we can help you document your wishes through a carefully-drafted estate plan.
The Grundy County/Morris estate planning attorneys at the Law Office of Charles L. Schmidt, Ltd. have been helping clients with the following estate planning tools:
- Simple and Complex Wills and Trusts
- Living Wills and Advanced Health Care Directives
- Revocable and Irrevocable Trusts
- Family/Individual Business Arrangements
- Powers of Attorney
- Charitable Trusts
Our knowledgeable estate planning attorneys will meet with you to discuss your goals and objectives. After a careful evaluation, we will suggest various options that will help you to accomplish your objectives, which may include:
- The use of wills and trusts to transfer property to specific beneficiaries upon your death
- Powers of attorney that will appoint your chosen nominee to manage your property and make health care decisions in the event that you become incapacitated
- Tax minimization and creditor protection through the creation of trusts
- Avoidance of lengthy and costly probate procedures
Each client’s situation and objectives are different and we pride ourselves on providing individualized legal advice and personalized client service. Our compassionate Attorney take the time to listen to our clients’ concerns and objectives in order to meet their needs and objectives.
Maintaining an Up-to-Date Estate Plan
It is essential to keep estate planning documents up to date. Oftentimes, people will fail to update estate planning documents, including wills and trusts, following a major life event. A periodic review of estate planning documents is important in order to ensure that the objectives expressed in the documents are still accurate. The following are examples of the types of events that may warrant a revision to estate planning documents:
- Change in net worth or nature of assets
- Changes in tax law (or other applicable law)
- Change in the trustee, executor, guardian, or agent of any estate planning documents
- Health changes in circumstances of any beneficiaries
- Birth, adoption, or death in the family or among beneficiaries
- Marriage, legal separation, divorce, or civil union of you or a family member
- Relocation out-of-state
- Minor children or grandchildren have reached adulthood