You’ve worked hard to get the life you have, and you’ve managed to accumulate quite a few assets along the way. These are items that have sentimental and financial value but you know you can’t take it with you. To that end, you want to plan out your estate in order to ensure that certain items go to certain people. The problem is, you’re not sure as to how to go about it so that there is a direct and unbreakable chain of inheritance. This is the point to talk to an Estate Attorney in Chicago, IL about planning out your wishes.
There are many options available to you for disposing of your possessions after you pass. Some of them involve you being able to access the while you are still alive, such as a revocable trust, or simply ensure that items go to certain people, such as a will. Essentially, you do what makes the most sense for your situation, and that is best done with the assistance of an Estate Attorney in Chicago, IL. Your estate may wind up being more complicated than you realize, and simply writing a will is not going to cover all of the contingencies that may arise.
For example — you have a grandchild that is going to one day need money for schooling or any expensive need. To that end, you want to make sure that there is going to be money available to them. This is achievable through a irrevocable trust in which you place certain items such as stocks, bonds or cash that generates income. You also place a restriction on the trust that it can not be accessed until certain conditions are met, such as an age or an event in life. You can get this done properly with the help of Estate Attorney in Chicago, IL.
The goal of creating a trust or a will is to make sure that no one can go against your wishes and easily break it. Having an Estate Attorney in Chicago, IL write the paperwork for you achieves just this. You get a solidly written legal document that is not going to be easy to challenge in court, just as you wish.